Friday, August 27, 2021

Rogers: What's the deal with property taxes?

Texas' relationship with property taxes is as old as the state itself. For over a century following our independence from Mexico, state property taxes supported over half of the total state revenue.

The "Peveto Bill" did much to create the current system of taxation we have today. Local property taxes levied by various local institutions, such as school districts, counties, cities, and special purpose districts, are to be run through dedicated county appraisal districts.

Publisher: Brownwood Bulletin
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Bloomberg - Are you a robot?
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N.J. says I owe more taxes. Should I pay while I fight? - nj.com

Q. New Jersey flagged my income tax return, and now four months later, has informed me that I owe them some money based mostly on my withdrawals from mutual funds.

For starters, a qualified distribution from a Roth IRA does not have to be included in your New Jersey income in the year received, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown.

Publisher: nj
Date: 2021-08-27T09:30:00.211Z
Author: njmoneyhelp
Twitter: @njdotcom
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U.S. trade chief Tai tells Turkey countries must remove digital services taxes | Reuters

U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS/File Photo

WASHINGTON/ANKARA, Aug 27 (Reuters) - U.S. Trade Representative Katherine Tai told Turkey's trade minister it was critical that countries remove individual digital services taxes in connection with a broader multilateral agreement reached in talks led by the OECD, her office said.

Publisher: Reuters
Date: 2021-08-27T11:06:34Z
Author: Reuters
Twitter: @Reuters
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Average Leander ISD homeowner to pay $56 more in property taxes with new rate | Community Impact

Leander ISD's board of trustees approved the 2021-22 tax rate Aug. 26. (Taylor Girtman/Community Impact Newspaper)

Now is the chance to help your local community succeed. Become a Patron by contributing to Community Impact Newspaper and gain daily insight into what's happening in your own backyard. Thank you for reading and supporting community journalism.

Publisher: impact
Date: 2021-08-27 09:17:00
Author: Taylor Girtman
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City eyes taxes, bonds to pay for projects | The Daily Record

Dunn City Council held a special meeting last week to hear several financial options that could be explored in the coming years to help pay for projects related to stormwater, pavement and sewer.

Jimmy Sanderson, senior vice president with Davenport & Co., presented findings of a recent study to council showing the city has the ability to take on future debt in the coming years, but taxpayers may have to pay for it.

Publisher: The Daily Record
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IRS overlooked billions in taxes from S corp execs | Accounting Today

The Internal Revenue Service has stepped up efforts to collect employment taxes from S corporation officers, but business owners are still getting away with avoiding billions of dollars in taxes.

Business owners have been leveraging the strategy for a number of years predating the passage of the TCJA. "The issue of S corporations not paying salaries to officers and avoiding employment taxes has been reported for many years," said the report.

Publisher: Accounting Today
Date: 2021-08-26T18:15:03.217
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Capital-Star Q+A: 2022 GOP gov.

Editor's note: It's still 2021, but the 2022 field for Pennsylvania governor is starting to develop. The Capital-Star is trying to sit down with as many candidates as possible to ask them about their campaigns, background, and issues impacting Pennsylvanians.

Jason Richey is a 50-year-old attorney with K&L Gates in Pittsburgh. A Beaver County native from Aliquippa borough, this is his first run for public office.

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Publisher: Pennsylvania Capital-Star
Date: 2021-08-27T11:23:31 00:00
Twitter: @penncapitalstar
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