Information about Taxes
The IRS will usher in the new year with higher tax brackets – Bangor Daily News
Bangor Daily News |
The IRS will usher in the new year with higher tax brackets
Bangor Daily News Mainers and other Americans may end up owing more than they expected when they file their 2018 taxes under the first year of the Trump administration's Tax Cuts and Jobs Act passed in December 2017, but there's even more to come in 2019. The Internal … |
All About Gift Taxes: Do I Pay Tax on Gifts From Parents? – Yahoo! Finance News (press release)
Yahoo! Finance News (press release) |
All About Gift Taxes: Do I Pay Tax on Gifts From Parents?
Yahoo! Finance News (press release) If you recently received a sizable gift from mom and dad, don't fret. When it comes to gift tax, the IRS generally holds the giver liable. And unless the person is … |
New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies – New York Times
New York Times |
New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies
New York Times WASHINGTON — Some multinational companies may not see as much of a benefit from President Trump's signature tax cuts as they had hoped, under proposed regulations that the administration issued on Wednesday. If they are made permanent, the rules, … Treasury Offers Halfway Solution to Companies Vexed by Foreign Tax Rules Corporate America Gets Some Reprieve in IRS's Foreign Tax Rules |
Legislators to consider monthly tax payments for mineral production – Gillette News Record
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Legislators to consider monthly tax payments for mineral production
Gillette News Record But doing so could be a “double tax” on companies who pay their fair share of taxes on time, Wasserburger said Monday evening. He worries that it might be enough to force coal mines to close down or cut jobs in Campbell County and in the long run hurt … |
Top US House tax writer floats tax bill on retirement plans, IRS – Reuters
Reuters |
Top US House tax writer floats tax bill on retirement plans, IRS
Reuters WASHINGTON (Reuters) – A Republican who will soon step down as chairman of the U.S. House of Representatives tax committee late on Monday released a sweeping, nearly 300-page tax bill that he said would affect Americans' retirement savings, … House Republicans unveil giant tax package GOP chairman releases year-end tax package Top House Republican aims for new tax law in lame-duck session |
The Top Tax Court Cases of 2018: When Is A Loan Not A Loan? – Forbes
Forbes |
The Top Tax Court Cases of 2018: When Is A Loan Not A Loan?
Forbes What. A. Year. When tax geeks arose from their slumber on January 1, 2018, we were greeted by a strange and unfamiliar world. Gone were personal exemptions, Section 199, and 50% bonus depreciation. In their place were a doubled standard deduction, … |
3 Reasons You Might Pay More Taxes in 2019 – Motley Fool
Motley Fool |
3 Reasons You Might Pay More Taxes in 2019
Motley Fool Thanks to the 2018 tax overhaul, the standard deduction climbed all the way up to $ 12,000 for individuals and $ 24,000 for couples filing jointly. Come 2019, these figures will increase to $ 12,200 and $ 24,400, respectively. As such, a large number of … |
VTDigger releases 2017 annual 990 tax return – vtdigger.org
vtdigger.org |
VTDigger releases 2017 annual 990 tax return
vtdigger.org VTDigger is a wholly owned nonprofit subsidiary of the Vermont Journalism Trust, a 501(c)3 charitable organization. We release our return every year because we are a news organization operating in the public trust. Readers often ask if we pay taxes. We do. |
Tax preparation help to return to Senior Center in 2019 – Pagosa Springs Sun
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Tax preparation help to return to Senior Center in 2019
Pagosa Springs Sun VITA will be returning to prepare federal and state income tax returns at no charge as part of the IRS's Volunteer Income Tax Assistance (VITA) program. The planned dates are Feb. 23 and March 16, 2019, by appointment only. The gross income limit this … |
It’s Official: The 2019 Standard Deduction Is Getting Even Larger – Motley Fool
Motley Fool |
It's Official: The 2019 Standard Deduction Is Getting Even Larger
Motley Fool The short answer is "probably." Since the standard deduction that you'll use in 2019 when filing your taxes has roughly doubled, and the new increases are based on this higher amount, itemizing deductions will no longer be worthwhile for many households. |