Tag: income tax
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A reliable and indispensable text on corporate tax law in Bangladesh
Complexity in any area of law leads to specialization. But it also carries the risk of having a narrow view, of not seeing the big picture. ... -
Pioneer: Tax revenue generated by ballot initiative and tax increase could be used for other purposes | Massachusetts
(The Center Square) — A new study claims that any funds raised through a ballot initiative and an income tax hike in Massachusetts would not be ... -
“Not worthy despite improvement efforts”
The new income tax law drafted by the tax authorities shows a number of efforts to improve taxation, but it still fails to keep up with ... -
Lawyer: Do you feel INSECURE about your retirement accounts two years after the law change?
By Nancy Burner, Esq. Nancy Burner, Esq. On January 1, 2020, as we entered another year with no idea what was on the horizon, a new ... -
IRS Weekly Roundup of Tax Legislation and Tax Updates
Tuesday, February 8, 2022 Below is our summary of important Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 30, 2022 ... -
Brant Hellwig LLM ’00 brings his love of tax law and NYU law to his new role as Faculty Director of the Graduate Tax Program
For Brant Hellwig LLM ’00, professor of tax law and new faculty director of NYU Law’s Graduate Tax Program, the appeal of tax law is that, ... -
[Webinar] 2021 Year in Review: Arizona Tax Law – February 17, 2:00 p.m. – 3:00 p.m. MST | Lewis Roca
February 17, 2022 2:00 p.m. – 3:00 p.m. MST On Thursday, February 17, join the Lewis Roca State and Local Tax Group for a recap of ... -
Political Diary: State tax revenues continue their strong recovery |
Gross receipts: Friday’s gross receipts report from State Treasurer Randy McDaniel shows continued strong growth in state tax revenue, with total tax payments of $1.5 billion ... -
Non-tax revenue constitutes 6% of total PH revenue
On average, the share of non-tax collections is around 9.6% under the Duterte administration. While Pacquiao is down a few percentage points, projected non-tax collections for ... -
New tax law: Venmo, Cash App to report business transactions over $600
SYRACUSE, NY (WRVO) — If you’ve had a side hustle in 2021 — whether it’s selling homemade candles or walking your neighborhood dogs — this year’s ... -
What to know about recent pandemic tax law changes
Sidney Kess A number of tax law changes were passed in 2020 to help individuals and businesses weather the pandemic. These included changes made by the ... -
Hydrogen bills spark heated debate ahead of introduction
Manuel Barreiro, left, vice president of project management, shows Robert Jung the hydrogen generators at the BayoTech facility in Albuquerque last month. (Mike Sandoval / For ... -
Attorney General Can’t Handle The Truth About Capital Gains Taxes »Publications» Washington Policy Center
Further briefs were filed Friday in the capital gains tax lawsuit (summary judgment hearing is February 4). I will address the complainants’ case in a separate ... -
New Year’s Eve heralds the implementation of changes to the Income Tax Law and Special Contribution for Defense Law – Taxation
Cyprus: New Year’s Eve announces the implementation of changes to the Income Tax Law and Special Contribution for Defense Law December 30, 2021 Elias Neocleous & ... -
From scrapping the retro tax law to record GST cleanup: 2021 for the revenue department
Record GST tax collection, an overhaul of the tax filing portal, and the landmark decision to remove retrospective taxation set the stage for the ... -
Nevada conservative attorney general candidate takes a hard look at her Israelite
WASHINGTON (JTA) – Sigal Chattah reached for my phone over the breakfast table. âLet me show you some Israeli ingenuity,â she said. She took out a ... -
Indiana tax revenue continues to exceed expectations | Government and politics
What to do with the extra money is a question set to dominate the 10-week annual session of the General Assembly which begins on January 4. ... -
Virginia Skill Machine Players Return Soon After Injunction, But Tax Revenue Won’t
PORTSMOUTH, Va. (WAVY) – Owners of bars, restaurants and convenience stores say gamers have returned quickly to play slots following a judge’s decision to temporarily lift ... -
Connecticut breaks sales tax revenue record in first full year of pandemic
In the first full fiscal year of the COVID-19 pandemic, Connecticut shattered its previous sales tax collection record, with nearly $5.3 billion poured into state coffers ... -
Maine lawmakers weigh plans to spend excess tax revenue
Maine lawmakers expect a windfall of excess tax revenue over the next two years and are mulling plans to spend the money. Governor Janet Mills’ administration ... -
Tax incentives for IT companies in the tax law of the city of Diia
Ukrainian Parliament takes both measures to facilitate the growth of innovative companies and attract foreign investment – Framework law of the city of Diia and Tax ... -
A lawyer struck off the bar convicted of fraud and tax evasion
Former Stevensville lawyer Ronald Dean Lords, who admitted last July to defrauding investors and evading income tax under a real estate investment program in which he ... -
From the Tax Law Offices of David W. Klasing – Can a person who is both the owner and beneficiary of a foreign trust face duplicate penalties for failure to report in both roles? | national news
IRVINE, Calif., December 1, 2021 / PRNewswire / – The U.S. tax code imposes various foreign information and income tax reporting requirements whenever foreign income-generating assets ... -
Lawyer Conspiracy Trial Delayed | News, Sports, Jobs
YOUNGSTOWN – A trial scheduled to begin Dec. 6 in United States District Court for Youngstown attorney Robert J. Rohrbaugh II and a co-accused has been ... -
Income tax bill to reduce tax evasion: president of the NBR
The current Income Tax Ordinance, for the most part, is a continuation of the Income Tax Act, 1922, which includes provisions almost 100 years old. TBS ... -
From the Tax Law Offices of David W. Klasing – Does the IRS Access Your Bank Accounts in the United States and Abroad? | national news
IRVINE, Calif., November 24, 2021 / PRNewswire / – In today’s post-911 world, the value of privacy is at an all-time high. Many American taxpayers simply ... -
Some Potential Tax Law Changes You Can Expect – A Study by William D. King
The Democratic tax strategy has now been translated into tangible legislation thanks to the action of the House. Although the tax package has survived several days ... -
CEO of Rosenthal Wealth Management says potential tax law changes may necessitate revised retirement planning
MANASSAS, Va., Nov. 18, 2021 (GLOBE NEWSWIRE) — As Congress continues its negotiations regarding changes to numerous pieces of tax laws, Rosenthal Wealth Management CEO Larry ... -
From the Tax Law Firms of David W. Klasing -How Does “Credibility” Come into Play in “FBAR” Penalty Cases?
The courts will look for evidence of factors indicating fraud and examine all of those present together to determine whether the defendant has committed tax fraud. ... -
Potential changes in tax law weigh on year-end tax planning for individuals – Tax
To print this article, simply register or connect to Mondaq.com. As if another year of the COVID-19 pandemic weren’t enough to produce an unusual landscape for ... -
From the tax law offices of David W. Klasing
IRVINE, Calif., November 11, 2021 / PRNewswire / – The IRS, the federal government’s tax watchdog, has several avenues to attack U.S. taxpayers if they believe ... -
Montana tax revenue ‘very strong’ so far, but it’s still early days | 406 Politics
With four months of taxes collected so far, Montana’s financial outlook for the new fiscal year appears optimistic, but a state budget analyst warns it is ... -
Mississippi tax revenues continue to rise
Mississippi’s tax revenue through October, the first four months of the fiscal year, is about $ 160 million more than the amount collected in the same ... -
Indiana Tax Revenue Surpasses Project By 11.1% In October | Government and politics
The flags of the United States and the State of Indiana fly over the copper dome of the Indiana Statehouse in Indianapolis. Dan Carden There’s no ... -
Acting US Attorney: Peabody Construction Company Owner Pleads Guilty to Tax Evasion and Workers’ Compensation
Targeted information service (press releases) Boston, Massachusetts, November 3 — The game we district attorney of Massachusetts, Nathaniel R. Mendell, issued the following press release on ... -
Flow-through entity owners affected by proposed changes to federal tax law
If you have your head buried in the sand or have just decided that you are not going to follow all of the potential changes in ... -
Tax Law and IRS Advice This Week
Below is our summary of the Internal Revenue Service (IRS) key directions and relevant tax matters for the week of October 25, 2021 through October 29, ... -
New Pike County Property Tax Revenue to Cover Insurance Expenses | Local News
PITTSFIELD – Pike County is forecasting a $ 400,000 increase in property tax revenue for fiscal 2022 due to its population falling below a threshold that ... -
Indonesia’s Harmonized Tax Law – A New Tax Regime for a Modern World
What do you want to know The Indonesian parliament has introduced a new “omnibus” law, known as the Harmonized Tax Law. The harmonized tax law makes ... -
Simplify tax law
Last week, Senator Tom Cotton used the term “surveillance plan” to describe the proposed expansion of the IRS’s access to aggregate banking activity to over $ ... -
DANA KELLEY: Simplifying tax law
Last week, Senator Tom Cotton used the term “surveillance plan” to describe the proposed expansion of the IRS’s access to aggregate banking activity to over $ ... -
Proposed Changes to Federal Tax Laws Affecting Estate Planning | Davis Wright Tremaine LLP
The House Ways and Means Committee recently released its plan to pay for President Biden’s proposed Build Back Better Act. Many of the Internal Revenue Code ... -
US Attorney Announces Indictment Charging Former Moving Company Chairman and Accountant with Multi-Million Dollar Tax Evasion and Related Guilty Pleas | USAO-SDNY
Damian Williams, United States Attorney for the Southern District of New York, and Thomas Fattorusso, Acting Special Agent in charge of the New York Internal Revenue ... -
Africa: New Global Tax Rules Will Address Tax Revenue Imbalances
In short All but four of the OECD’s G20 Inclusive Framework members, including South Africa, have signed an agreement that will reform the global tax system. ... -
Indiana Surpasses September Tax Revenue Target By Almost 16% | Government and politics
Indiana State House Dan Carden, dossier, The Times The Hoosier State continues to crush its monthly income goals. Data released by the State Budget Agency on ... -
Georgia’s tax revenues continue to soar, signaling a growing economy
The taxes the state collects help it educate 2 million children, provide health care to over 2 million Georgians, manage and improve parks, investigate crimes and ... -
Attorney General Bonta Announces Seven-Year Sentence in $ 51 Million Fraudulent Tobacco Distribution Program | State of California – Department of Justice
OAKLAND – California Attorney General Rob Bonta today announced Ali Tavaf’s conviction for implementing a six-year fraudulent scheme to evade payment of more than $ 14 ... -
Valley Tax Law is Bakersfield and Kern County’s premier tax attorney providing tax debt relief and IRS representation services
Bakersfield, CA – Individuals and businesses in California must comply with the IRS to avoid notices and repossessions for non-payment of taxes. Residents of Bakersfield and ... -
US Attorney Announces Sealing of Indictment Charging Six People and One Company with Tax Evasion Conspiracy and Related Guilty Pleas | USAO-SDNY
Audrey Strauss, United States Attorney for the Southern District of New York, Stuart M. Goldberg, Acting Assistant Attorney General of the Tax Division of the Department ... -
From the Tax Law Offices of David W. Klasing – Can You Transfer Assets to Avoid Paying the Taxes You owe the IRS? | national news
IRVINE, Calif., September 28, 2021 / PRNewswire / – Many are hoping to find creative ways to limit their tax liability each year. Unfortunately, too many ... -
Changes in Tax Laws and Proposed Tax Hikes Could Impact Private Equity Transactions and Mergers and Acquisitions | Kramer Levin Naftalis & Frankel LLP
The House Ways and Means Committee recently released legislative proposals as part of the âBuild Back Betterâ reconciliation legislation that the committee is developing (the proposed ... -
Revision of personal income tax law
The Constitutional and Legislative Reform Commission (CLRC) will review personal income tax laws after the launch of its concept paper on October 1, 2021. The terms ... -
Legal Ease of Use: How to Prepare for Impending Tax Law Changes
The terms have not been clarified, but changes in federal tax law will come into effect in the coming months. Once announced, the details could prompt ... -
Legal-Ease: How to Prepare for Impending Changes in Tax Law
Although the conditions are not settled, changes to our federal tax laws will be implemented in the coming months. Upon announcement, the details are likely to ... -
Call to consult stakeholders before making a new tax law
LAHORE: The government hastily released a new proposed income tax ordinance which was rejected by traders because business activities do not resume due to the impact ... -
Possible changes to the inheritance and gift tax law | Sheppard Mullin Richter & Hampton LLP
Last week, the House Ways and Means Committee released a draft tax law amendment to be included in a reconciliation bill. While it is uncertain whether ... -
IRS guidelines on employers’ tax responsibilities and credits, etc.
Monday, September 20, 2021 Below is our summary of the Internal Revenue Service (IRS) key directions and relevant tax matters for the week of September 13, ... -
Highlights of Lagos State Value Added Tax Law
Friday September 17, 2021/10: 50 AM / by CITN / Header image credit: Shuitterstock On September 9, 2021, the Lagos State House of Assembly passed its ... -
Proposed changes to tax legislation | McNees Wallace & Nurick LLC
A note prepared by the House Ways and Means Committee outlining the proposed changes to the tax laws has been released. The note is accompanied by ... -
House Ways and Means Committee reports on tax law changes
Tax refund check in addition to Form 1040 and Hundred Dollar Bill. getty On September 13, 2021, the House Ways & Means Committee released sweeping tax ... -
Governor Kathy Hochul announces billions in tax revenue for New York
âWhile the state’s fiscal position is strong, which is an incredible reversal from where we were a year ago, we need to act with caution as ... -
From the Tax Law Offices of David W. Klasing -Does Increased IRS Funding Mean More Income Tax Audits and Criminal Tax Investigations?
Government plans to increase funding for IRS In previous years, the IRS’s capacity has been drastically reduced due to a series of budget cuts and layoffs. ... -
Indiana Tax Revenue Surpasses Expectations Again In August | Government and Politics
The Indiana Statehouse is located in Indianapolis. Dan Carden, The Time The Hoosier spending madness continues. Data released by the State Budget Agency on Friday shows ... -
Emergency Preparedness and Hurricane Tax Extensions
Tuesday, September 7, 2021 Below is our summary of the Internal Revenue Service (IRS) key directions and relevant tax matters for the week of August 30, ... -
Strong tax revenue for the 2nd month of the year | News, Sports, Jobs
Graph by Steven Allen Adams REVENUES – Data, provided by the West Virginia Budget Office, shows the differences between estimated and actual state revenues for the ... -
Tax law – innocent spouse exception
When the complainant had extensive training, including a law degree and an MBA, and was involved in the management of the husband’s legal practice, the Tax ... -
Arkansas tax revenue down year-to-date, but 9.5% above forecast
Arkansas tax revenue for the first two months of the fiscal year (July-August 2021) is down nearly 11% from the same period in 2020, but is ... -
How to prepare for future (or past) changes in tax law
The following article appeared in the August 2021 edition of Heritage. Changes to federal tax laws could happen as early as January 1⦠..2021. You read ... -
Retro tax: the government publishes draft rules for the settlement of disputes
Cairn Energy, Vodafone and 15 companies seeking to settle retrospective tax disputes will need to declare the details in advance of each “interested party” in the ... -
The government publishes a draft declaration to be submitted by companies to allow the withdrawal of tax retrocession requests, Telecom News, ET Telecom
In a move that will make it easier to close retroactive tax claims against companies such as Cairn Energy and Vodafone PLC, the income tax department ... -
In brief: the application of tax law in Ecuador
Enforcement Compliance with tax laws How does the tax administration verify compliance with tax laws and ensure that taxes are paid on time? What is the ... -
In short: the application of tax law in Greece
Enforcement Compliance with tax laws How does the tax administration verify compliance with tax laws and ensure that taxes are paid on time? What is the ... -
In short: the application of tax law in Austria
Enforcement Compliance with tax laws How does the tax administration verify compliance with tax laws and ensure that taxes are paid on time? What is the ... -
What You Need To Know About Rivers State Value Added Tax Law
Friday, Aug 27, 2021 / 4:19 p.m. / by CITN / Header image credit: Opinion Nigeria / Ecographics Rivers State Governor Barr Nyesom Wike on the ... -
Lebanese tax lawyer pleads guilty to tax and labor offenses
LEBANON, Mo. (Press release edited / KY3) – A lawyer from Lebanon, Missouri, has pleaded guilty in federal court to tax and labor offenses. Meagan M. ... -
Lebanon’s tax prosecutor pleads guilty to tax and labor violations | USAO-WDMO
SPRINGFIELD, Mo. – A lawyer from Lebanon, Missouri, pleaded guilty in federal court to tax and labor offenses. Meagan M. Howe, also known as Meagan M. ... -
Tax law too complicated for standardized software
Today I would like to answer a number of questions that are frequently asked to me by individuals who have to make decisions about their taxes. ... -
Finance Minister predicts drop in Irish corporate tax revenue
Paschal Donohoe provided the latest projections on how Ireland’s tax revenues will be affected by changes in global tax policy. Ireland’s corporate tax revenues will face ... -
Finance Minister predicts cut in Irish corporate tax revenue
Paschal Donohoe provided the latest projections on how Ireland’s tax revenues will be affected by changes in global tax policy. Ireland’s corporate tax revenues will face ... -
Indiana Tax Revenue Continues To Rise Above Expectations | Government and Politics
The Indiana Statehouse is located in Indianapolis. Dan Carden, The Time Hoosiers have money in their pockets and they are apparently eager to spend it. Data ... -
2021 Final Vermont Legislative Update – May 2021 | Downs Rachlin Martin PLLC
[co-author: Jessica Griswold] Vermont Legislative Update Quick Links Business General Government Climate, Energy and Technology Education Business The unemployment bill formerly known as S.10 – Business ... -
Why President Biden’s Government Solutions Would Actually Weaken the Infrastructure of American Families
Strong families and hard work have formed the foundation for healthy development, meaningful relationships, and economic well-being ever since America’s inception. Now President Joseph Biden has ... -
Forget the ICE. Tax law becomes the new border patrol
Over the next few months, parents will receive hundreds of dollars as the Internal Revenue Service begins paying out the advance child tax credit, providing financial ... -
From the Tax Law Firms of David W. Klasing
It would make sense for the government to expect to reap what it sows. Federal officials anticipate injecting cash into the IRS, and hiring additional agents ... -
“This is going to be ruled unconstitutional” – ClarkCountyToday.com
Jason Mercier of the Washington Policy Center Continues to Share Information on Washington State Capital Gains Tax Law Jason mercier Jason mercierWashington Center for Policy While ... -
“This is going to be ruled unconstitutional” “Publications” Washington Policy Center
While waiting for the capital gains tax litigation to go to court, the University of Washington Law School released an interesting video: “Three Minute Legal Advice: ... -
Connecticut Budget Includes Several Tax Law Changes | Murtha Cullina
On June 23, Governor Lamont enacted the Connecticut State Budget Act. The budget does not contain any changes in income or sales tax rates, but contains ... -
Summary of proposed changes to federal tax law in 2021 | Burr & Forman
President Biden has proposed major changes to federal tax laws, some of which are expected to come into effect earlier in 2021 (i.e. changes to the ... -
URA sued for a new tax law for SMEs
By Anthony Wesaka The Uganda Revenue Authority (URA) has been sued for failing to apply the tax cut for small and medium-sized enterprises (SMEs). The petitioners, ... -
Georgia’s tax revenues jump over $ 3 billion from last year
ATLANTA – The state of Georgia’s tax revenues jumped by more than $ 3 billion in the fiscal year ended June 30, Gov. Brian Kemp said ... -
Georgia’s tax revenues increase by 29%
Exit: June net tax revenue up 29.1%, up 13.5% for fiscal 2021 JULY 12, 2021 Atlanta, Georgia – Georgia state net tax revenue in June totaled ... -
Proactive measures for the rich to consider before possible changes in tax laws
The recently proposed changes to tax legislation, if passed, will significantly change the landscape of tax and estate planning for high net worth individuals. While the ... -
Tax law experts see “strong” arguments against Trump Org. CFO
NEW YORK (AP) – Businesses provide benefits to their employees all the time. Many senior executives at Fortune 500 companies have access to a business jet ... -
Changes in tax legislation and unintended consequences
Biden tax plan. US taxes will change. getty The Biden administration has released the Green Paper, which details what they want in changes to the way ... -
North Carolina tax revenues skyrocket, $ 6.5 billion windfall expected by mid-2023 – Washington Daily News
RALEIGH (AP) – The resurgence of North Carolina’s post-pandemic economy could put an additional $ 6.5 billion over the next two years into already-cash-inflated state government ... -
State tax revenue skyrocketed in April and May
New York state’s tax revenue over the past two months has exceeded budget officials’ initial forecast by $ 4 billion, according to a report released Tuesday ... -
Republic of Srpska: amendments to the law on income tax – Taxation
Bosnia and Herzegovina: Republic of Srpska: changes in the income tax law To print this article, simply register or connect to Mondaq.com. To the joy and ... -
From the Tax Law Firm of David W. Klasing – Negligence and “Degrees” (Categories) of Tax Evasion Explained
IRVINE, Calif., June 15, 2021 /PRNewswire/ — Civil and criminal tax evasion suits are brought when tax code violations were deliberate but differ in severity and ... -
Tax law experts weigh in on New York departure
Sign up for our COVID-19 newsletter to stay up to date with the latest coronavirus news across New York City Three tax law experts provided advice ... -
Illinois Budget 2022 to Increase New Tax Revenue – Tax
United States: Illinois Budget 2022 to Increase New Tax Revenue June 14, 2021 Ostrow Reisin Berk & Abrams To print this article, simply register or connect ...