Saturday, July 17, 2021

Virginia Tax Return Preparer Sentenced to Just Over 12 Months for Evading Her Own Taxes | OPA |

A Richmond, Virginia, tax return preparer was sentenced yesterday to one year and a day in prison for evading her own taxes.

According to court documents and statements made in court, Willette J. Holland owned Tax Professionals, a return preparation firm located in Richmond, Virginia. In August 2014, the IRS contacted Holland because she had not filed personal tax returns for the years 2010 through 2013.

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Date: 2021-07-16T10:28:35-04:00
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My friend never filed my taxes for 10 years. What do I do? - nj.com

First, a taxpayer is ultimately responsible for the timely and accurate filing of their own income tax returns, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown.

Before e-filing of federal income tax returns was a thing, a taxpayer would have to sign and date their tax returns and attach a check prior to mailing their tax return to the IRS, he said.

Publisher: nj
Date: 2021-07-17T01:30:00.880Z
Author: njmoneyhelp
Twitter: @njdotcom
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Opinion: Worried about a hike in capital-gains taxes? - MarketWatch

Are higher capital-gains taxes just around the corner? It's a hot topic of discussion right now in light of the Biden administration's American Families Plan.

No matter your income level or how much you have invested to date, tax efficiency has a meaningful impact on how much of your income you hold on to, and in turn how much your investments grow over time.

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Publisher: MarketWatch
Date: 2021-07-16T14:10:00-04:00
Author: Amy Richardson
Twitter: @marketwatch
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Tax Preparer Sentenced to a Year for Not Paying Her Own Taxes

A Virginia woman was sentenced Thursday to one year and a day in prison for failing to pay her taxes. Willette J. Holland, owner of Tax Professionals, came under investigation starting in August 2014 regarding her taxes.

The IRS reached out to Holland, a tax preparer because she didn't file a personal tax return from 2010 to 2013. She filed a false return from the following years which underrepresented her projected income and business receipts.

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Publisher: Newsweek
Date: 2021-07-16T23:37:08-04:00
Twitter: @newsweek
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Pontiac Mayor Waterman delinquent on two years of property taxes – The Oakland Press

Deirdre Waterman, the mayor of Pontiac running as a write-in candidate because she did not pay filing fees and fines on time, owes thousands in property taxes.

According to Oakland County tax records through July 15, Waterman owes approximately $2,550 in delinquent property taxes from 2019 and 2020.

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Publisher: The Oakland Press
Date: 2021-07-16T21:10:30 00:00
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Do you have to pay back the child tax credit payment? What to know about your 2022 taxes - CNET

If your income goes up this year, you might be eligible for less of the child tax credit than originally estimated.

The IRS refers to these checks as "advance" payments ahead of 2021 tax season. "That means you're simply getting the payments sooner rather than waiting to receive that money when you file," Jaeger said.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Californians pay the most taxes and fees on gasoline | cbs8.com

He stands by it, and says now, it's even higher at $1.21.

" On July 1st, the excise tax in California went up by 6/10 of a cent," said Noda.

Sales tax on gas has also increased since then.

Publisher: cbs8.com
Date: 6:55 PM PDT July 15 2021
Twitter: @CBS8
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Property Taxes in San Diego Reach $7.2 Billion After 99% Paid on Record Parcels - Times of San

Nearly 100% of the county's overall property tax charges were paid, resulting in $7.2 billion in revenue.

Treasurer-Tax Collector Dan McAllister issued a statement saying the county posted a 99.02% figure "under the cloud of the pandemic."

"San Diego County is now home to a record 1,001,029 parcels," McAllister said. "For this last deadline, we surpassed the percentage of taxes paid over what was paid in 2020. We've seen that taxpayers are stepping up and paying what they owe.

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Publisher: Times of San Diego
Date: 2021-07-17T01:15:22 00:00
Twitter: @TimesofSanDiego
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Texas REALTORS creates 'What to Know: Property Taxes 101' campaign for Texans | kvue.com

AUSTIN, Texas — Property taxes are an issue that impacts all Texas homeowners, yet understanding them can be difficult. 

Through Texas REALTORS' campaign, " What to Know: Property Taxes 101 ," the organization hopes to help homeowners understand important information regarding property taxes.

Publisher: kvue.com
Date: 6:11 PM CDT July 16 2021
Twitter: @KVUE
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Proposed city budget could raise Bismarck's property taxes

BISMARCK, N.D. (KFYR) - Bismarck's budget committee presented the 2022 preliminary budget to city commissioners Tuesday. The proposal is set to increase property taxes by nearly four million dollars.

The proposal prioritized sustaining and maintaining existing levels of city services for citizens, public safety and cybersecurity. Additionally, officials plan to use CARES Act, Municipal Infrastructure and American Rescue Plan funding when possible.

Publisher: https://www.kfyrtv.com
Twitter: @KFYRTV
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