43.95 F
New York
February 27, 2020
Home » Taxes

Taxes

New York Post

Do I really have to report all my cash earnings to Uncle Sam?

NYPost
New York Post – For more and to sign up click here You never write about people like me who cobble together a living performing different jobs like dog walking and tending bar while looking for a full-time job. Most of these involve cash income, and I barely make enough......
CNBC Business

Tax refunds are going to be delayed for these filers. Here’s why

CNBC
CNBC – For more and to sign up click here Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue......
CBS US News

Claiming the Child Tax Credit: Rules and exceptions

CBS News
CBS News – For more and to sign up click here Parenthood isn’t cheap. But come tax time, parents and guardians of kids can take advantage of a number of tax savings that aren’t available to the general public. The Child Tax Credit is the best-known of these, since it......
New York Post

I haven’t released taxes because ‘I can’t go to TurboTax’

NYPost
New York Post – For more and to sign up click here Mike Bloomberg said on the Democratic debate stage in Nevada on Wednesday that he hasn’t released his tax returns because they’re too long to produce on software like TurboTax. The billionaire Democrat was responding to an NBC moderator......
CNBC Business

Mike Bloomberg’s proposed Wall Street transaction tax explained

CNBC
CNBC – For more and to sign up click here Presidential hopeful Michael Bloomberg on Tuesday announced sweeping reforms to the way Wall Street does business. Among his proposals is a 0.1% tax on all financial transactions, meaning that the federal government would exact a duty on all transactions, including......
CNBC Business

5 tax tips that could save you thousands of dollars in 2020

CNBC
CNBC – For more and to sign up click here Even though it’s still early to file your taxes, the sooner you crunch the numbers on your return, the better off you could be. The IRS issued more than 111.8 million refunds for the 2018 tax year, with taxpayers receiving......
New York Post

IRS revamps W-4 tax forms to ensure proper withholding

NYPost
New York Post – For more and to sign up click here Don’t get spooked by changes in your employer’s tax withholding form, even if they could potentially complicate your personal and professional lives. The IRS’ revamped W-4 form is designed to ensure withholding numbers are just right — not......
CNBC Business

How new laws could turn taxpayers into inadvertent tax cheats

CNBC
CNBC – For more and to sign up click here Another area where taxpayers can get into trouble involves dependents. The new tax law cracked down on parents who shelter investment income from taxes by putting it into their children’s names. Now, a child’s unearned income above certain levels may......
New York Post

NYC store allegedly hid bootleg cigarettes with remote-control shelf

NYPost
New York Post – For more and to sign up click here Now you see ’em, now you don’t! A Brooklyn bodega owner allegedly came up with an ingenious way to peddle untaxed cigarettes — by installing a remote-control shelf that keeps the bootleg butts hidden from view. State tax-enforcement......
New York Post

Trump economic adviser Larry Kudlow promises more ‘Blue-Collar Boom’

NYPost
New York Post – For more and to sign up click here Last week I had the privilege of speaking with Larry Kudlow, director of the president’s National Economic Council, about Tax Cuts 2.0 and the economy. The goal is helping everyday Americans of all walks of life to understand......
CBS US News

How much income tax does Amazon pay? 1.2% on $13 billion for 2019

CBS News
CBS News – For more and to sign up click here Amazon told investors it paid a federal income tax rate of 1.2% last year — that’s about 13 percentage points lower than the average American’s tax rate paid in 2019. Even more striking: That was a three-year high for......
New York Post

What to know for year two of the Trump tax plan

NYPost
New York Post – For more and to sign up click here It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul......
CNBC Business

Here’s when your tax return could spark interest from the IRS

CNBC
CNBC – For more and to sign up click here Just because the IRS is auditing fewer tax returns, don’t assume you can dupe the taxman. With much of the agency’s systems automated to spot certain discrepancies, and some parts of tax returns typically generating more scrutiny than others, the......
New York Post

Millions are fleeing high-tax states to pursue a low-cost American Dream

NYPost
New York Post – For more and to sign up click here After the Connecticut General Assembly passed a billion-dollar tax hike in 2015, General Electric warned they might move their corporate headquarters out of the state if then-Gov. Dannel Malloy signed the bill. Malloy went ahead, and the following......
Cleveland Scene

Corporations Avoided Paying $74 Billion in 2018 Federal Income Tax

ClevelandScene
click to enlarge COLUMBUS, Ohio – During the first year of the Trump administration’s new tax law, 91 Fortune 500 companies didn’t pay a dime in federal income tax, according to a new study by the Institute on Taxation and Economic Policy. Report co-author Lorena Roque said using legal loopholes,......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More