| 单词 | tax liability |
| 例句 | In exchange for the gift, Davie will receive a reduction in his tax liability. Beatles' lyrics headed for British Library 2013-05-22T16:31:09Z The IRS recommends reviewing your withholding during the year to make sure it’s in line with what your tax liability is likely to be. FDA approves diet pill 2012-06-27T17:50:00Z But Franklin, who was known to be intensely private about her finances, also left a significant tax liability. Is Aretha Franklin’s True Will the One Found in the Couch or a Cabinet? 2023-07-09T04:00:00Z Yet individual shares do have advantages, advisers say, including the ability to defer tax liabilities during an investor's lifetime and favorable tax treatment for their heirs. As music sales fall, sax player Kenny G turns to stockpicking 2014-09-12T04:00:00Z This prevents the 70-year-old actor from leaving Australia until any alleged tax debts are paid or arrangements made for the tax liability to be discharged. Taxman bars Crocodile Dundee from leaving Australia 2010-08-25T13:50:00Z In Louisiana, tax credits are typically sold to third-party companies that use them to offset their own tax liabilities. Louisiana scales back film tax credits, roiling the industry 2015-07-08T04:00:00Z And if so is this going to raise your personal tax liability? How Employer-Sponsored Insurance Drives Up Health Costs 2012-05-12T16:05:34Z Many states will refund the value of the credits to the company even if they don't have a tax liability in their state. Are film subsidies worth it? 2014-08-30T04:00:00Z And of course individuals should NOT be able to deduct tithing or other church contributions from their own tax liability. Where Is God on the Small Screen? 2016-08-24T04:00:00Z In return they will receive a reduction in their tax liability, based on a set percentage of the value of the object they are donating. Arts Council in philanthropy plan 2011-06-29T11:54:12Z AB 1839 would allow a broader swath of productions to qualify for the incentives, which enables producers to reduce their tax liability by as much as 25% of the cost of many production expenditures. Assembly approves film and TV tax credit bill 2014-05-28T04:00:00Z Prosecutors said he concocted a multiyear scheme to hide millions of dollars in income from the IRS and get around nearly $2 million in tax liabilities. Rapper-actor DMX, known for gruff delivery, dead at 50 2021-04-09T04:00:00Z The credits may be used to offset state tax liabilities. California Film Commission selects 26 projects for tax credits 2014-07-01T04:00:00Z The Jackson case has been watched closely as a guide for how celebrity estates may be valued, and for their tax liabilities. Michael Jackson’s Estate Is Winner in Tax Judge’s Ruling 2021-05-03T04:00:00Z Under current rules, a capital asset bequeathed to an heir is revalued to its price at the time of the original owner’s death, extinguishing all tax liability incurred up to that point, forever. Column: How the Supreme Court could kill a wealth tax before it's been tried 2023-10-17T04:00:00Z But shifts in economic activity and changes in the mix and type of income reported for 2021 are accounted for — so as total tax liability increases, so does the tax gap. Gap between US income taxes owed and paid is set to keep growing, IRS says 2023-10-12T04:00:00Z Under proposed rules released Friday, credit transfers and advance payments would typically not affect dealers’ tax liability and dealer payments would not be part of a consumer's gross income. U.S. Treasury details EV tax credit rebate rules 2023-10-06T04:00:00Z From there, his accountants would work to reduce his tax liability even more through additional deductions and exemptions, but the adjusted gross income is the starting point for that activity. What Is Adjusted Gross Income? 2018-02-05T05:00:00Z In fact, you have just deferred tax liability until later in life. How To Determine Taxes On An Ira Distribution 2018-02-13T05:00:00Z You can deduct these fees from income to reduce your tax liability at the end of the year. A Tax Deduction List For Truck Drivers 2018-03-21T04:00:00Z If the tax liability is not paid by the trust, your percentage of the liability will be listed on a Schedule K-1. How Does A Schedule K-1 Work? 2018-03-21T04:00:00Z In most cases, you can avoid tax liability by sticking to these deadlines. How To Roll A 401(K) Over To A Roth Ira 2018-03-21T04:00:00Z Trusts are inherently private; depending on their construction, they can reduce tax liability while they keep assets in the family and away from creditors. Understanding Family Trusts and Trust Funds 2018-03-31T04:00:00Z For example, if a policy disperses benefits equal to $200,000, a $150,000 tax liability will be incurred by your beneficiary. Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes? 2018-06-26T04:00:00Z You do need to make sure that there are no tax liabilities, though. Are You Taxed on Inherited Life Insurance Money? 2018-09-19T04:00:00Z Be sure to use this when you file your personal taxes if you have a tax liability related to a business or trust. How Does A Schedule K-1 Work? 2018-03-21T04:00:00Z The federal government provides several vehicles through which people can save and invest for the future while incurring less tax liability. How To Roll A 401(K) Over To A Roth Ira 2018-03-21T04:00:00Z This means that your federal tax liability increases as you earn more money. How Much of My Salary Should Be Withheld for Federal Income Taxes? 2018-09-19T04:00:00Z Avoiding tax liability through a 1031 exchange The law allows what is known as a 1031 exchange, which allows you to buy new property with the proceeds of your sale. How Long Do You Have to Use Capital Gains from a Property Sale to Invest in Another Property Before Paying Tax? 2018-12-03T05:00:00Z Blum’s trustees have said his estate is incredibly complex and tied up in investments, and they need more time to evaluate his assets, tax liabilities and debts before making substantial disbursements. Dispute over Sen. Feinstein's family fortune aired further as attorneys spar in court 2023-09-11T04:00:00Z Some countries also use “tax agency reconciliation,” where taxpayers who opt to participate provide the government with basic employment status information and the tax administrator sends them a return with their calculated tax liability. IRS steps toward a new free-file tax return system have both supporters and critics mobilizing 2023-07-19T04:00:00Z This, however, will allow you take money out of the Roth IRA down the line without incurring any tax liability. How To Roll A 401(K) Over To A Roth Ira 2018-03-21T04:00:00Z The Census Bureau estimated that 32,148 new business startups with payroll tax liabilities will actually form within four quarters of application, a 4% increase compared to estimates from May. US new business applications hit two-year high in June 2023-07-18T04:00:00Z You’ll have to re-invest those gains into a new property within a given period of time to defer the tax liability. How Long Do You Have to Use Capital Gains from a Property Sale to Invest in Another Property Before Paying Tax? 2018-12-03T05:00:00Z He said the trustees were still trying to determine Blum’s estate tax liability and debts. Dispute over Sen. Feinstein's family fortune aired further as attorneys spar in court 2023-09-11T04:00:00Z It also contains earnings requirements and is only partially refundable for households with little or no tax liability; the Democrats’ bill would remove work requirements and make the full credit amount refundable. Dems want to raise child tax credit — plus a $2,000 baby bonus 2023-06-20T04:00:00Z A pair of D.C. businessmen were found guilty Wednesday of bribing a D.C. tax official to reduce their tax liability by millions of dollars. Pair of D.C. businessmen found guilty of bribing city tax official 2023-06-08T04:00:00Z The businesses are quite distinct and the potential value from the deal depends heavily on the impact on ONEOK’s future tax liabilities, analysts said. ONEOK shares drop on concerns over Magellan pipeline deal 2023-05-15T04:00:00Z This is many times the average tax liability. Opinion | The county seized her condo, sold it and kept all the money. Not nice. 2023-04-24T04:00:00Z “It is an option for those unable to pay the full tax liability or if doing so creates a financial hardship,” the IRS says. Advice | Don’t get tricked by these ‘Dirty Dozen’ tax scams 2023-03-31T04:00:00Z “Government-run tax preparation would create a significant conflict of interest in which the I.R.S. would be responsible for calculating a filer’s tax liability and for managing contested tax returns,” they wrote. Lobbyists Begin Chipping Away at Biden’s $80 Billion I.R.S. Overhaul 2023-03-30T04:00:00Z You still have to estimate your tax liability and pay that amount by April 18. Advice | Five last-minute tax tips before the April 18 deadline 2023-03-29T04:00:00Z If productions qualified for a tax credit larger than their tax liability, they could receive a portion of the credit as a refund, which is essentially a cash payment. Newsom wants to give Hollywood a big new perk. Will lawmakers agree? 2023-03-23T04:00:00Z It will also issue guidance on selling tax credits and making them refundable, which allows entities without tax liability to use them. U.S. Treasury to release EV battery sourcing rules next week 2023-03-22T04:00:00Z It can, for example, ace the Uniform Bar Exam, instantly calculate someone’s tax liability and provide detailed descriptions of images. OpenAI Plans to Up the Ante in Tech’s A.I. Race 2023-03-14T04:00:00Z “The people that this is most useful for, in my mind, are lower-income families, who may not have had much of a tax liability in the first place,” she said. I.R.S. Decision Not to Tax Certain Payments Carries Fiscal Cost 2023-02-27T05:00:00Z The money is expected to be used to pay the start-up’s tax liabilities and to allow its employees to sell their company shares. Thrive Capital Said to Lead Potential Investment in Stripe 2023-01-30T05:00:00Z If you bought a fund last year and held it in a taxable account, there is a good chance that you had the worst of both worlds: investment losses plus tax liabilities. Your Investment Lost Money Last Year. So Why the Big Tax Bill? 2023-01-27T05:00:00Z A person’s tax liability depends on several variables, including whether they own a home, their salary, how much fuel they use when driving, and so on. Fact check: Newsom says 95% of Texans pay more taxes than Californians 2023-01-18T05:00:00Z Most Americans have most of their tax liability automatically withheld and earn income in ways that are reported directly to the IRS — for example, interest income on the 1099-INT or dividend income on the 1099-DIV. Opinion | The Republicans don’t want to fix the IRS. Here’s how to do it anyway. 2023-01-16T05:00:00Z He cloaked his tax liability in the complexity of his business empire, which stymied the IRS. Opinion | Trump’s taxes are Exhibit A in the case for why the IRS needs a big upgrade 2023-01-03T05:00:00Z The sales of business properties Mr. Trump created himself came at a loss, however, dragging down his net proceeds and somewhat reducing his tax liability, the tax itemization shows. Trump Tax Returns Undermine His Image as a Successful Entrepreneur 2022-12-30T05:00:00Z For a variety of funds, income from stock dividends and bond yields produced tax liabilities, too, even when a fund’s share price fell and investors lost money. Your Investment Lost Money Last Year. So Why the Big Tax Bill? 2023-01-27T05:00:00Z The returns underscore how Mr. Trump used tax law to minimize his income tax liability. Trump’s tax records show businesses lost millions, prompting Democrats’ taunts 2022-12-30T05:00:00Z Also in 2020, as the pandemic recession swiftly descended, Mr. Trump reported heavy business losses and no federal tax liability. Key Takeaways From Trump’s Tax Returns 2022-12-30T05:00:00Z One widely used strategy that Trump took extensive advantage of involves carrying over losses from one year to reduce tax liability in another. Trump's tax returns are out. Here's how he was able to pay so little — so often. 2022-12-30T05:00:00Z But in 2020, as the pandemic recession swiftly descended during his last year in office, Mr. Trump reported heavy business losses, no federal tax liability and nothing in donations to charities. Trump Tax Returns Undermine His Image as a Successful Entrepreneur 2022-12-30T05:00:00Z Still, if you hold mutual funds within taxable accounts, watch for events that could set off tax liabilities. Your Investment Lost Money Last Year. So Why the Big Tax Bill? 2023-01-27T05:00:00Z "For instance, we learned this week again about potential tax issues, and we know that the prosecutions in New York that involve his company could also ultimately lead to some sort of personal tax liability." "Lots of reasons" for Trump to be "concerned" after new tax revelations: former federal prosecutor 2022-12-24T05:00:00Z Mr. Trump reported nearly $16 million in business losses in 2020, which swamped his other income and left him with no federal income tax liability. Key Takeaways From Trump’s Tax Returns 2022-12-30T05:00:00Z They show that Trump and his wife Melanie minimized their tax liability through large deductions and losses and paid little or no income tax in several of those years. Following Trump tax revelations, U.S. House passes bill to boost oversight 2022-12-22T05:00:00Z The IRS failed to act even as Trump's tax forms raised questions about how he used tax deductions to reduce his tax liability, according to a separate report from the Joint Committee on Taxation. Calls for investigation after Trump tax returns expose “audit” lie — and years of “negative income” 2022-12-21T05:00:00Z You may want to avoid buying a fund that is about to do that, or you may want to sell shares if you already hold it and see big tax liabilities coming. Your Investment Lost Money Last Year. So Why the Big Tax Bill? 2023-01-27T05:00:00Z During his summation, Steinglass pointed to a document that had been initialed by Trump and called it “explicit” proof of his knowing that his executives were tinkering with expenses to reduce their tax liabilities. Trump Organization convicted in N.Y. criminal tax fraud trial 2022-12-06T05:00:00Z The arrangement reduced Weisselberg’s tax liability but also saved the company money because it didn’t have to pay him more to cover the cost of the perks. Key allegations, witnesses as Trump Org. trial winds down 2022-11-29T05:00:00Z James Dorsey, an I.R.S. criminal investigation agent, said in a statement on Monday that the Chrisleys had committed the crimes “in an effort to minimize their tax liability, but project an image of wealth.” Todd and Julie Chrisley, Reality TV Stars, Are Sentenced to Prison for Fraud and Tax Evasion 2022-11-21T05:00:00Z In all, their total net tax liability over the six years was $1.8 million, including self-employment taxes and household employment taxes. Calls for investigation after Trump tax returns expose “audit” lie — and years of “negative income” 2022-12-21T05:00:00Z Sometimes, it makes sense to sell if a fund’s value has declined so you can use that loss to offset other tax liabilities. Your Investment Lost Money Last Year. So Why the Big Tax Bill? 2023-01-27T05:00:00Z Still others — like South Carolina — limit rebates to people who had a tax liability for 2021, meaning people who ended up owing no tax last year won’t get a rebate. Their Budgets Flush, Many States Are Sending Checks to Residents 2022-11-18T05:00:00Z Weisselberg said during testimony on Tuesday that the Trump Organization saved money when he built untaxed forms of compensation into his salary and hefty annual bonus, reducing his tax liability. Weisselberg testifies Trump Organization tax schemes were for his benefit 2022-11-17T05:00:00Z At the moment, if oil and gas companies can offset their tax liability if they invest profits in the UK. What do we know will be in the Autumn Statement? 2022-11-14T05:00:00Z She said councils could use "discretionary powers to reduce a council tax liability by any amount". Covid: Holiday let businesses hit with thousands in tax 2022-11-12T05:00:00Z McConney, in his third day on the witness stand, testified that he deducted the cost of some executives’ perks from their salaries, reducing their tax liability further. Trump Org. executive says he helped colleagues dodge taxes 2022-11-10T05:00:00Z If an unrealized gain is income that should be taxed, then an unrealized loss should be deductible, which in his case would undoubtedly wipe out all his individual tax liability. Opinion | Meta’s stock plunge shows the right — and wrong — way to tax wealth 2022-10-30T04:00:00Z The rouble has been buttressed in recent sessions by a month-end tax period when exporters convert foreign exchange revenues into roubles to pay domestic tax liabilities. Rouble pares losses as finance ministry holds OFZ bond auctions 2022-10-26T04:00:00Z The rouble has been buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Rouble edges lower as end of tax payments period approaches 2022-10-25T04:00:00Z The rouble is buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Russian rouble treads water near 62 vs dollar 2022-10-20T04:00:00Z Consider the attributes of the exchange-traded fund: low fees, less tax liabilities than a mutual fund, the ability to hold a broadly diversified portfolio in one security, lower risk and trading flexibility. New E.T.F.s Turn the Funds’ Virtue of Low Risk on Its Head 2022-10-15T04:00:00Z James in her lawsuit accused Trump of lying to lending firms and insurers by overstating the value of his assets by billions while deflating the value of those same assets to lower his tax liability. Trump started “Trump Organization II” on same day as fraud lawsuit to dodge accountability: NY AG 2022-10-14T04:00:00Z Biden’s plan would automatically cancel $20,000 of Garrison’s debt, which in turn would trigger an “immediate tax liability” from the state of Indiana, according to the suit. Libertarian group sues to block student debt cancellation 2022-09-27T04:00:00Z The lawsuit said Trump and his company flagrantly manipulated property and other asset valuations to deceive lenders, insurance brokers and tax authorities to get better rates and lower tax liability. Appeals court: Justice Dept. can use Mar-a-Lago documents in criminal probe 2022-09-21T04:00:00Z The payment covers tax liabilities of a fund called BC German Equity Special Fund, which a Warburg subsidiary managed as an investment company in 2009. BNY Mellon, Warburg Group, Deutsche Bank to pay up in 'cum-ex' case: newspaper 2022-09-18T04:00:00Z His total annual tax liability was not disclosed. Who inherits the queen’s money? The secretive rules of royal wealth. 2022-09-13T04:00:00Z And, because the tax credit is refundable, Golden State residents can claim the full amount even if they don’t have $1,000 in tax liability. Why California wants to give residents $1,000 not to have a car 2022-09-01T04:00:00Z It said he performs audits, examines payrolls and makes recommendations about tax liability among other duties. D.C. government auditor involved in romance scheme, prosecutors say 2022-08-31T04:00:00Z “There are tax benefits to writing down the assets now if you are the kind of company who likes losses because they offset current or future tax liabilities,” she said via email. HBO Max and Warner Bros. Discovery seem to be on fire, and that’s on purpose 2022-08-27T04:00:00Z The cash infusion was arranged through an unusual series of transactions that appear to have avoided tax liabilities. An Unusual $1.6 Billion Donation Bolsters Conservatives 2022-08-22T04:00:00Z That could help many climate startups access government support, even if they don’t have a tax liability. Bill Gates and the secret push to save Biden’s climate bill 2022-08-16T04:00:00Z The tax payments can be used by the company to offset its tax liabilities. Lawsuit accuses Youngkin of tax avoidance, draws political fire 2022-08-11T04:00:00Z Or it could pare some of those generous tax breaks it has doled out over the years, which have enabled corporations to grind down their tax liabilities in the first place. Opinion | Ignore GOP scaremongering about Dems’ tax plans. They’re worth doing. 2022-08-01T04:00:00Z The change would effectively widen the pool of lenders from big banks to other entities with large amounts of tax liability. How the Senate Climate Bill Will Boost Clean Energy 2022-08-01T04:00:00Z Ebaugh, 67, whose claims against her former employer included age and disability discrimination, said she’s consulting with her tax accountant to determine her tax liability. Advice | Mega Millions or mama’s money, here’s how to manage a windfall 2022-07-29T04:00:00Z His conservative economic policies rested on reducing tax liabilities for corporations and the wealthy, relieving businesses of civil rights, environmental, and economic regulations, cutting social spending and curbing the power of labor unions. How the right waged a 100-year war to conquer America — and why it's winning 2022-07-16T04:00:00Z The authorities added that he used that money to pay for outstanding tax liabilities and political advertising. Ex-Georgia Mayor Gets Nearly 5 Years in Prison for Stealing Covid Relief Money 2022-07-13T04:00:00Z “The criminal charge relates to projected tax liabilities arising from more than 400 million pounds of offshore assets which were concealed from Her Majesty’s Revenue and Customs,” he said. Ex-F1 boss Ecclestone to be charged with fraud over assets 2022-07-11T04:00:00Z But that made it difficult for developers with limited tax liability to fully access the credit. How the Senate Climate Bill Will Boost Clean Energy 2022-08-01T04:00:00Z The family continues to face several controversies, including a graft conviction for Marcos’s mother, former first lady Imelda, and billions in tax liabilities owed by the estate. Dictator’s son Marcos takes overwhelming lead in Philippines election 2022-05-08T04:00:00Z “They feel if they get the lowest tax liability in town, they’re going to have a line around the block,” he says. What to do if there’s a mistake on your business taxes 2022-04-28T04:00:00Z Over time — say the 20 years that The Grove has been open, the real value of a property will soar beyond its assessed valuation and thus its owner’s tax liability. Column: Rick Caruso's useless tax disclosure shows that he thinks L.A. voters are idiots 2022-04-18T04:00:00Z Another key way that some top earners reduced their tax liability was to claim significant deductions, often in the form of large charitable contributions. "Unprecedented trove of leaked IRS data" reveals how little the 15 highest earners pay in taxes 2022-04-13T04:00:00Z Under the “Inflation Reduction Act,” an entity without tax liability could transfer the credit to a third party that can use it. How the Senate Climate Bill Will Boost Clean Energy 2022-08-01T04:00:00Z The form asks you to estimate your total tax liability as well as your 2021 tax payments and any balance due. Running behind on taxes? Here’s how to file for an extension as deadline approaches 2022-04-11T04:00:00Z That rarely benefits California’s lowest earners, who often have no tax liabilities, thanks to other exemptions and the state’s progressive income tax structure that depends heavily on those who earn the most. California's renter tax credit has remained unchanged for 43 years. It could soon increase 2022-04-10T04:00:00Z The state can collect unpaid tax liabilities for up to 20 years from their due date. Unpaid tickets, tolls and court fees prevent poor Californians from receiving tax credits 2022-04-01T04:00:00Z Large capital gains distributions last year set off big tax liabilities for investors at Vanguard and, to a lesser extent, at some other fund companies, said Megan Pacholok, a Morningstar analyst. For Taxes, Where You Hold Your Investments Really Matters 2022-03-25T04:00:00Z It offers a specialized tool that can help track what you paid for digital assets and figure out any tax liability. Trade Your Crypto. Buy Your NFTs. And Pay Your Taxes. 2022-03-26T04:00:00Z And because it became a fully refundable credit in 2021, you may receive money back even if you have no tax liability. Paying Taxes in 2022: What You Need to Know 2022-03-26T04:00:00Z Hunter Biden reportedly has paid off a tax liability of more than $1 million a year following his announcement that he was under federal investigation for defrauding the IRS. Rep. Michael McCaul: GOP on House panel keeping eye on Hunter Biden dealings 2022-03-23T04:00:00Z Hunter Biden reportedly has paid off about $1 million in tax liabilities while a grand jury gathers evidence in a broad investigation of his international business dealings. White House, intel bigs mum on Hunter Biden’s laptop after their Russian plot claims disproven 2022-03-22T04:00:00Z She added that the size of the potential tax liability for Vanguard shareholders this year appeared to be an outlier caused by the reduction in the investment minimum for the institutional funds. For Taxes, Where You Hold Your Investments Really Matters 2022-03-25T04:00:00Z According to the criminal complaint, the spying operation planned to publicly disclose Chen’s potential tax liabilities to discredit him. Chinese spies plotted to burn an anti-China sculpture, stalked Olympic skater, feds say 2022-03-18T04:00:00Z President Biden’s son Hunter paid off his tax liability, but the grand jury probe into his business dealings continues, according to a report Thursday. Hunter Biden federal probe ongoing despite paid tax bill: Report 2022-03-17T04:00:00Z For instance, Liu allegedly paid a private investigator in Queens to bribe an IRS employee to obtain the tax returns of one dissident with the ostensible aim of publicly disclosing the dissident’s potential tax liabilities. Five people charged with acting as Chinese government agents to spy on and harass U.S. residents critical of Beijing 2022-03-16T04:00:00Z He told one associate that the tax liability was more than $1 million, and that he had to take out a loan to pay it off. Hunter Biden paid tax bill, but broad federal investigation continues 2022-03-16T04:00:00Z It does not accuse SoftBank of legal wrongdoing, draw specific conclusions about the company's French tax liability or say the firm sought to avoid tax. EXCLUSIVE French auditor questions SoftBank's accounting at Pepper robot developer 2022-03-08T05:00:00Z The credits are refundable, meaning recipients get a refund if they exceed their tax liability. GOP-led Michigan legislature sends tax cut bill to Gov. Whitmer, who pledges veto 2022-03-03T05:00:00Z People working for themselves can also manage their tax liability by carefully accounting for both their income and their expenses. If your life changed in 2021, watch for income tax surprises 2022-02-23T05:00:00Z The payments, which also are supposed to cover tax liabilities and fees associated with clearing the debt, were expected to come in phases beginning in June. Black Farmers Fear Foreclosure as Debt Relief Remains Frozen 2022-02-21T05:00:00Z “You’ll have four years of making Roth conversions at a low marginal tax rate, and later on you can withdraw more of the money you need from those accounts without generating any tax liability.” To Get the Most From Social Security, Log On 2022-01-28T05:00:00Z And the last thing you want is to lose money and time reconciling your tax liability, says Douglas Boneparth, a New York City-based certified financial planner. Traded cryptocurrency in 2021? Here’s how to approach taxes 2022-01-26T05:00:00Z It would be “refundable” — meaning if newer companies had no tax liability, they could pocket the credit anyway. Lithium might not be a gold rush for California. But it could be for people near the Salton Sea 2022-01-20T05:00:00Z They have been kept afloat by cheap money underwritten by the Bank of Japan, but no profits mean no corporate tax liability, so those businesses would not be eligible for Mr. Kishida’s incentives. Why Even a 40% Tax Break Won’t Move Japan’s Employers to Raise Pay 2021-12-23T05:00:00Z If some of Congress' more radical measures were enacted, that would have had a big impact on Mr Musk's tax liabilities, Mr Willens added. Elon Musk says he'll be paying $11bn in tax this year 2021-12-20T05:00:00Z The bill would also increase rebates for electric vehicles — new and used — and make them fully refundable, meaning Americans would be able to claim the full amount no matter what their tax liability is. Spiking gas prices are a preview of an energy transition gone wrong 2021-12-12T05:00:00Z Because they had to match the indices’ baskets, which seldom change, they would do relatively little trading and thus would incur few tax liabilities, which only get passed on to investors. Column: Legendary investment guru Peter Lynch says move to index funds is a 'mistake.' He's wrong 2021-12-08T05:00:00Z The proposal gained traction among some liberals in recent years amid reports that 55 major corporations are effectively able to zero out their tax liability by aggressive use of tax deductions. Treasury officials raised concerns about new minimum tax on corporations, key to Biden spending plan 2021-12-07T05:00:00Z Also, does the recipient need to be a close relative for this transaction to take place without creating a tax liability for either entity? Here's why you have many different credit scores 2021-12-01T05:00:00Z Over the last few weeks, Mr Musk has sold around $14bn of Tesla shares, which Mr Willens said was likely to be in part in order to generate cash to satisfy his tax liabilities. Elon Musk says he'll be paying $11bn in tax this year 2021-12-20T05:00:00Z He said accruing for future tax liabilities makes sense only if Musk expects the stock price to drop. Musk sells more shares than he needs to pay current tax bill 2021-11-17T05:00:00Z The legislation includes an exemption that would allow firms to continue using clean energy credits to reduce the overall tax liability. Democrats’ lofty tax agenda imperiled by resistance from within 2021-11-11T05:00:00Z “Eligibility requirements for certain tax benefits can be confusing and make it more difficult for taxpayers to determine their tax liability.” Biden plan to hire 80k IRS agents will backfire, letting wealthy dodge taxes, expert warns 2021-11-11T05:00:00Z Some card issuers may automatically generate 1099 forms for their customers to use when filing taxes, but the consumer is still responsible for keeping track of their tax liability. From cryptocurrency to cash: Ways to bank your digital coin 2021-11-10T05:00:00Z In one of his tweets last weekend, Musk alluded to his potential tax liabilities without referring specifically to the exercising of options. Analysis: Musk's Tesla stock sale poll raises taxing questions 2021-11-09T05:00:00Z A few points about Musk’s wealth and his potential tax liability are germane, however. Column: Thank you, Elon Musk. You've just proved why a billionaires tax is essential 2021-11-08T05:00:00Z That gives utilities more incentive to build out renewable energy projects since they don’t have a lot of federal tax liability, according to Stokes. Democrats’ infrastructure bills don’t go far enough on cleaning up the power grid 2021-11-03T04:00:00Z Corporations are able to achieve $0 tax payments because they use tax deductions authorized by Congress — such as for research and development, or green energy credits — to zero out their tax liabilities. Billionaire tax out, corporate minimum tax in: Where the White House landed on tax plans 2021-10-28T04:00:00Z Borrowing a page from his campaign playbook, Mr. Biden wants to impose a 15 percent minimum tax on profitable companies that have little to no federal tax liability. How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich 2021-10-28T04:00:00Z Biden’s exemption would only be about one-tenth of the level of the current estate-tax exemption, so more farms probably would face a potential tax liability. Analysis | Ad exaggerates potential impact of Biden estate-tax plan 2021-10-19T04:00:00Z This is evident from IRS data on “voluntary compliance,” or how accurately people report their income and tax liabilities without the government having to come after them. Opinion | The GOP rebrands itself as the party of tax cheats 2021-10-21T04:00:00Z “That’s merely information reporting. It does not impose any tax liability on its own.” NOT REAL NEWS: A look at what didn’t happen this week 2021-10-15T04:00:00Z Putting through the GoFundMe payments as consulting income resulted in tax liabilities for the employees: taxable income, self-employment tax, underpayment penalty and estimated tax payments. Should I Help My Aging, Ailing Dad Access His Toxic Web Feed? 2021-10-05T04:00:00Z Many profitable companies are able to reduce or eliminate their tax liability through the use of tax credits, deductions and previous losses that can carry over. How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich 2021-10-28T04:00:00Z The focus of the probe also turned to company executives’ compensation — from free tuition for children to cars and apartments — which would have reduced tax liability for both the company and the employees. Lawyer for Trump Organization CFO says more indictments are expected in 15-year tax fraud case 2021-09-20T04:00:00Z “Tax credits are based around people that have tax liabilities,” Manchin told a reporter for Insider, a news outlet. Harris, Yellen make a personal case for fixing child care 2021-09-15T04:00:00Z “There seems to be a common misconception that a family needs to have income, work or have a tax liability to qualify for the monthly child tax credit,” IRS spokesman Eric Smith said. Perspective | The child tax credit is helping parents feed kids and pay for care. But there are only four payments left. 2021-09-10T04:00:00Z Similarly, partnership debt, which allows partners to take deductions and claim cash distributions, could not be shuffled from partner to partner to reduce their tax liabilities. Democrats Eye Taxing Stock Buybacks and Partnerships to Pay for Agenda 2021-09-10T04:00:00Z The rich, however, are able to use accounting loopholes to shield their tax liabilities. The top 1 percent are evading $163 billion a year in taxes, the Treasury finds. 2021-09-08T04:00:00Z But lawmakers balked at the idea of paying companies for unused tax credits when they have little to no tax liability in the state. Recall gives Netflix's Reed Hastings a chance to mend fences with Newsom 2021-08-13T04:00:00Z An international arbitration tribunal in The Hague last year ruled that India’s imposition of a tax liability on Vodafone, as well as interest and penalties, breached an investment treaty between India and the Netherlands. Indian proposal aims to settle tax disputes with global firms 2021-08-05T04:00:00Z A Roth, by contrast, eliminates tax liability rather than deferring it. How Peter Thiel turned a retirement account for the middle class Into a $5B tax-free piggy bank 2021-06-25T04:00:00Z And the US Justice Department alleged he had evaded tax liability by having his income paid into bank accounts and crypto-currency exchange accounts in the names of nominees. The final years of John McAfee's controversial life 2021-06-24T04:00:00Z The US Justice Department said Mr McAfee allegedly evaded tax liability by having his income paid into bank accounts and cryptocurrency exchange accounts in the names of nominees. US tycoon McAfee found dead in Spanish prison 2021-06-23T04:00:00Z It's huge reductions in property tax liability and sometimes even reductions in payroll tax, and suspension of numerous fees. Can democracy survive Amazon?: A conversation with writer Alec MacGillis 2021-06-20T04:00:00Z When the owner expires, so does the tax liability. Column: More proof that a wealth tax on billionaires is desperately needed 2021-06-09T04:00:00Z One way of shifting tax liability is through a profit-sharing agreement. EXPLAINER: Curbing tax avoidance by multinational companies 2021-06-03T04:00:00Z Income tax is paid on profits, not total revenue, and researchers said these tech giants are adept at reducing their tax liabilities by shifting profits to offshore tax havens. Amazon, Facebook and other tech giants paid almost $100B less in taxes than they claimed: analysis 2021-06-01T04:00:00Z That partly reflects the company’s relatively large state and foreign tax liabilities and large amount of deferred income taxes. How much income tax did Washington state’s biggest companies pay? 2021-05-08T04:00:00Z If Amazon doesn’t incur enough state income tax liability to claim all the grants, the state would instead pay Amazon cash from workers’ state income tax withholdings. Amazon plans $260M Georgia fulfillment center, hiring 1,000 2021-05-07T04:00:00Z But they’re useful chiefly for millionaires and billionaires who have the legal flexibility to sequester their wealth in categories that enjoy either low tax rates or infinitely-deferrable tax liabilities. Column: More proof that a wealth tax on billionaires is desperately needed 2021-06-09T04:00:00Z But they would increase the value of donations, because they would more rapidly reduce a high-earning donor’s tax liabilities. Biden Aides Quietly Say His Tax Increases Would Help Charities 2021-05-06T04:00:00Z The bill would allow donors to claim a dollar-for-dollar tax credit equal to their total contribution, up to half of their total tax liability for the year. Nebraska lawmakers spar over private school tax credit bill 2021-04-28T04:00:00Z T-Mobile’s low federal income tax liability in 2020 reflected several factors, including deductions for stock-based compensation and for investing in expanding its cellular network and tax credits for research and development, the company said. How much income tax did Washington state’s biggest companies pay? 2021-05-08T04:00:00Z Media reports said the donations will reduce the family's tax liability. Samsung heirs to pay record inheritance tax 2021-04-28T04:00:00Z Simply saying “taxes” makes it wrong, because no matter what the federal tax liability, these companies certainly pay a variety of payroll, real estate, and local or state taxes. Analysis | The false and misleading claims President Biden made during his first 100 days in office It offers the option for families to receive advance monthly payments, rather than waiting for a lump sum based on the parents’ tax liability. IRS chief expects new child payments to start this summer 2021-04-13T04:00:00Z The Biden plan seeks to put an end to big companies incurring zero federal tax liability and paying no or negative taxes to the U.S. government. What’s in Biden’s Tax Plan? 2021-04-07T04:00:00Z Fifty-five corporations saw zero federal tax liability in 2020, according to a report this week by the Institute on Taxation and Economic Policy, a left-leaning think tank. Biden says he’s open to compromise with Republicans on $2 trillion infrastructure plan 2021-04-07T04:00:00Z The 2017 Tax Cuts and Jobs Act’s dramatic cut to the corporate income tax rate, from 35 to 21 percent, also plays a role in the limited tax liabilities facing many major corporations. Analysis | Dozens of America’s biggest businesses paid no federal income tax — again 2021-04-05T04:00:00Z The law allowed corporations to takes losses reported in 2018 through 2020 and use them to reduce tax liabilities from earlier years, even ones where income was taxed at higher rates. Even with pretax profits, many big companies pay zero US tax 2021-04-02T04:00:00Z Whenever raising the homeowners’ exemption is brought up, many in the GOP will say they oppose it because it’s a transfer of tax liability from homeowners to businesses and agriculture. Editorial Roundup: Idaho 2021-04-01T04:00:00Z The White House wants to impose a 15 percent minimum tax on what’s known as “book income” — the profits that firms report to investors but that are not used to calculate tax liability. What’s in Biden’s Tax Plan? 2021-04-07T04:00:00Z Those measures would include raising the rate of a minimum tax on global profits and eliminating several provisions that allow companies to reduce their American tax liability on profits they earn and book abroad. Biden Details $2 Trillion Plan to Rebuild Infrastructure and Reshape the Economy 2021-03-31T04:00:00Z It’s worth noting that companies do not fully disclose their tax liability in their filings with the Securities and Exchange Commission, so this statistic is the product of research and analysis by the ITEP. Analysis | Fact-checking President Biden’s first news conference 2021-03-25T04:00:00Z Of that amount, about $1 billion remain to be used in future years to offset federal tax liabilities, according to the company’s financial reports. Exclusive: U.S. Congress launches probe into multibillion-dollar 'clean coal' tax credit 2021-03-15T04:00:00Z Low-income families will benefit the most, because they will now be eligible for the full amount, even if their tax liability is very low. Which Families Will Receive the Most Money From the Stimulus Bill? 2021-03-12T05:00:00Z Navajo Transitional Energy Co. assumed tax liability of the Spring Creek Mine when it bought its parent company Cloud Peak Energy in a bankruptcy sale in 2019. Lawmakers consider payment plan for coal mining back taxes 2021-03-10T05:00:00Z Farm families also receive extraordinary latitude in paying their estate tax liability. Column: Countering Dem relief package, GOP proposes a huge giveaway to the rich 2021-03-10T05:00:00Z The plan also expands the credit so it’s fully available to the poorest families, instead of restricting it based on the parents’ tax liability. Child tax credit expansion sets up showdown with GOP 2021-03-08T05:00:00Z Republicans said that since the credit was meant to reduce income taxes, it naturally favored families who earned enough to have a tax liability. In the Stimulus Bill, a Policy Revolution in Aid for Children 2021-03-07T05:00:00Z The resolution also called on Biden to use the Internal Revenue Code to prevent any tax liability for borrowers resulting from the cancellation. AOC takes on Biden after prez rejects Democratic proposal to cancel $50,000 in student debt 2021-02-17T05:00:00Z Meanwhile, some offsets might be incorrectly attributed to unpaid federal tax liabilities. Perspective | Tax season 2021: A tornado is coming 2021-02-12T05:00:00Z If teachers didn’t incur $3,000 in state income tax liability, the state would send a check for the remaining amount after teachers file their income tax returns. Panel proposes $3,000 credit for hard-to-fill teaching posts 2021-02-11T05:00:00Z Unlike earlier versions of the proposed expansion, the plan released by House Democrats would not require the benefits to be offset against existing tax liability to the IRS. Democrats want to give parents $250 a month. Here’s who qualifies. 2021-02-10T05:00:00Z But a tax credit provides the biggest help to those with significant tax liabilities. Overlooked in Biden's COVID-19 relief plan: A push to cut child poverty in half 2021-02-05T05:00:00Z “As we enter the tax filing season, many Californians will be surprised to learn that they have tax liabilities for UI benefits that were fraudulently claimed in their name,” the senators wrote. California lawmakers angrily demand fixes at unemployment agency after scathing audits 2021-02-03T05:00:00Z The programs reduce tax liability, leaving those who are eligible with more money in their pockets. Washington lawmakers passed a tax credit for working families in 2008. Is this the year they finally fund it? 2021-02-01T05:00:00Z Any capital gains increase your tax liability, and capital losses lower them, so be sure to keep a detailed log of your trading if you’re going at it alone. Understanding 5 basic financial terms you should know | Provided by Seattle Times Content Studio 2021-01-25T05:00:00Z Prior versions of the plan would structure the monthly child benefit by deducting it from a family’s existing tax liability. Senior Democrats drafting plan to give parents at least $3,000 per child in Biden stimulus 2021-01-22T05:00:00Z Some policy experts said it would be better for the Biden administration to provide direct cash payments, rather than a reduction in tax liability, to American parents. Biden expected to include new child benefit in major new stimulus proposal 2021-01-13T05:00:00Z “Claims confirmed as imposter fraud will be removed from the associated Social Security number, and an amended 1099-G will be provided to mitigate tax liability,” said Loree Levy, a spokeswoman for EDD. California lawmakers angrily demand fixes at unemployment agency after scathing audits 2021-02-03T05:00:00Z “Without this, restaurants were going to be facing a major tax liability moving into 2021,” said Sean Kennedy, a spokesman for the NRA. Despite 'three martini' tax break, COVID-19 bill leaves struggling U.S. restaurants cold 2020-12-22T05:00:00Z Perea owned and operated Perea Fast Tax in Las Vegas and that he admitted to reporting false information to decrease tax liabilities and increase refunds, the statement said. New Mexico tax preparer admits reporting false information 2020-11-12T05:00:00Z “If all this does is reduce your tax liability, there’s much lower visibility — people won’t see it as the federal government doing something new to help build your family,” said J.W. Senior Democrats drafting plan to give parents at least $3,000 per child in Biden stimulus 2021-01-22T05:00:00Z “There were allegations of remuneration benefits being extreme, of unauthorised cash payments for personal reasons, of differences between the amounts received and disbursed by Mayday, and of income tax liabilities,” said Vrieswijk. How Syria's disinformation wars destroyed the co-founder of the White Helmets 2020-10-27T04:00:00Z The lawmakers noted in their letter that the state auditor last week recommended that EDD provide assistance to victims of identity theft so they can avoid tax liabilities for benefits they never received. California lawmakers angrily demand fixes at unemployment agency after scathing audits 2021-02-03T05:00:00Z The government would greatly benefit from the closure of loopholes that allow the richest Americans to defer or reduce their tax liabilities and from an overhaul of corporate taxation to discourage profit-shifting. Opinion | The I.R.S. Is Outgunned 2020-10-02T04:00:00Z He was, however, still subject to the Alternative Minimum Tax, a parallel tax system that reduces the benefit of some deductions, preventing wealthy people from erasing their tax liability altogether. Trump Paid $750 in Federal Income Taxes in 2017. Here’s the Math. 2020-09-29T04:00:00Z The arrangement, Akerman said, raises questions about a possible effort on the president's part to reduce his business' tax liability by not compensating family members directly. "No question about it": Former Watergate prosecutor predicts Trump and Ivanka may end up behind bars 2020-09-30T04:00:00Z Trump's tax returns are not like those of other wealthy Americans, who also frequently rely on a vast array of write-offs to lower their tax liability. Trump tax returns show he paid no taxes for 10 years, claimed golf courses lost $315 million: report 2020-09-28T04:00:00Z The tribunal ruled that the Indian government’s imposition of a tax liability on Vodafone is in breach of the investment treaty agreement between India and the Netherlands, one of the sources said. Vodafone wins international arbitration against India in $2 billion tax dispute case - sources 2020-09-25T04:00:00Z It alleges they siphoned money from him before his death, and then filtered funds through a sham company and other means to reduce their inheritance tax liability. President Trump’s niece sues him, other relatives, alleging they cheated her out of millions in inheritance 2020-09-24T04:00:00Z But the result was a total federal income tax liability of $750. Trump Paid $750 in Federal Income Taxes in 2017. Here’s the Math. 2020-09-29T04:00:00Z The arrangement provides an owner a number of "sliders" to manipulate when calculating annual tax liability. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z Instead, lawmakers voted in March to allow companies to delay payment of their half of payroll tax liabilities for the year, with the money due in installments in 2021 and 2022. Trump’s Payroll Tax ‘Cut’ Fizzles 2020-09-11T04:00:00Z “Under current law, the E.O. creates a substantial tax liability for employees at the end of the deferral period,” they wrote. White House Wants Companies to Foot Payroll Tax Bill for Workers 2020-08-27T04:00:00Z Around the same time the conversations were being conducted, an internal investigation was underway of whether Barry violated judicial conduct rules regarding her role in working with her siblings in determining their tax liability. In secretly recorded audio, President Trump’s sister says he has ‘no principles’ and ‘you can’t trust him’ 2020-08-22T04:00:00Z Otherwise, the tax holiday would become a tax liability for workers when the government comes back to collect the money owed to Social Security. Dems say Trump’s payroll tax break weakens Social Security 2020-08-10T04:00:00Z Mr. Trump’s measures include an eviction moratorium, a new benefit to supplement unemployment assistance for workers and a temporary delay in payroll tax liability for low- and middle-income workers. Trump’s Go-It-Alone Stimulus Won’t Do Much to Lift the Recovery 2020-08-08T04:00:00Z Representative Kevin Brady of Texas, the top Republican on the Ways and Means Committee, is preparing to introduce legislation to cancel the deferred payroll tax liability. Trump’s Payroll Tax ‘Cut’ Fizzles 2020-09-11T04:00:00Z The agent posed as someone who wanted to lower his tax liability and launder proceeds from what the agent said was an insurance scam. A fake congregation and tax schemes — California rabbi’s years of fraud revealed 2020-07-19T04:00:00Z It closed in March 2019 due to a tax liability totaling more than $70,000, according to the Wayne County Clerk of Court. North Carolina barbecue spot closed over tax debt reopens 2020-07-17T04:00:00Z The form requires an estimate of your tax liability. Taxes are due today, here's what you need to know 2020-07-15T04:00:00Z Finally, we should reform the rules governing transfers through trusts and similar devices, which the wealthy exploit to slash their tax liability. Opinion | Tax the Rich and Their Heirs 2020-06-24T04:00:00Z Williams, a criminal defense lawyer, was accused of inflating his business expenses from 2013 to 2017 in order to reduce his tax liability by more than $200,000, according to the U.S. New Orleans councilman, attorney plead not guilty to fraud 2020-07-10T04:00:00Z New limits will also be placed for three years on business incentive tax credits, capped at offsetting no more than $5 million in tax liability for the same three-year period. A glimpse at some of what's in California's new $202-billion state budget 2020-06-29T04:00:00Z The King County Assessor, heeding calls from urban density advocates who have long said the courses pay less than they ought, has pledged to reexamine how golf courses are valued — potentially raising their tax liabilities. Are exclusive private golf courses getting a huge break on property taxes? Critics say it’s time to recalculate 2020-06-20T04:00:00Z "July 15th remains the filing deadline for 2019 tax returns and payment of any tax liabilities," an IRS spokesperson told Fox News Friday. Rep. Max Rose to IRS: Extend tax filing deadline to Oct. 15 2020-06-12T04:00:00Z "You receive your second amount into your account…and because it's done that way there is no tax liability on the second proportion," she told us. The 'unscrupulous' firms targeting key workers 2020-06-05T04:00:00Z Because Louisiana links tax deductions to federal income taxes, the drop in federal tax liabilities meant Louisiana taxpayers and businesses owed more to the state. Louisiana governor, lawmakers at odds over surplus spending 2020-05-18T04:00:00Z Yet it’s fair to assume Carter knew the property was being assessed in a way that limited the tax liability when he was negotiating the sale. Editorial Roundup: Georgia 2020-05-13T04:00:00Z The change – which alters what certain business owners are allowed to deduct from their taxes – will allow some of the nation’s wealthiest to avoid nearly $82bn of tax liability in 2020. Millionaires to reap 80% of benefit from tax change in US coronavirus stimulus 2020-04-15T04:00:00Z The initial Senate measure would also reduce the payments to $600 for people with no income tax liability but at least $2,500 in earnings. Push for Cash in Rescue Package Came From Unlikely Source: Conservatives 2020-03-21T04:00:00Z The bill McConnell released Thursday drew bipartisan criticism because many would have gotten one-time payments of $1,200, but the poorest Americans — those without federal tax liability — would have gotten as little as $600. Negotiators race to finalize coronavirus rescue bill to aid reeling economy 2020-03-21T04:00:00Z The poorest families, those with no federal income tax liability, would see smaller benefits, though the minimum would be set at $600. Senate Republicans release massive economic stimulus bill for coronavirus response 2020-03-19T04:00:00Z “Assuming you are in the 15 percent capital gains tax bracket, your federal capital gains tax liability would be $34,500,” said Eric J. Wexler, a Rockville, Md., tax attorney and CPA. Perspective | How to maximize your after-tax profits on the sale of an investment property 2020-03-09T04:00:00Z Under the incentive plan, for every dollar that filmmakers spend in New Mexico on labor and other production costs, they get back 25 cents to offset their tax liabilities. Native Americans have long been Hollywood outsiders. That's changing in New Mexico 2020-03-13T04:00:00Z One hundred dollars is the tax liability for people with $6,250 in taxable income. Editorial Roundup: South Carolina 2020-03-11T04:00:00Z Of those, only 230 would have to file an estate tax return and only 133 would have any estate tax liability. AP FACT CHECK: Donald Trump and the audacity of hype 2020-02-22T05:00:00Z Limiting the payment amount for those without federal tax liability was a change from the original White House proposal, and caught some Republicans off-guard, provoking criticism. Senate Republicans release massive economic stimulus bill for coronavirus response 2020-03-19T04:00:00Z Because your current plan to sell investment property results in significant tax liabilities with no real tax advantages, one way to dramatically increase your after-tax profit is to consider using a 1031 exchange. Perspective | How to maximize your after-tax profits on the sale of an investment property 2020-03-09T04:00:00Z If the IRS prevails, Facebook would face an additional federal tax liability of up to $9 billion, plus interest and any penalties, the company estimated in a recent securities filing. Facebook faces tax court trial over Ireland offshore deal 2020-02-18T05:00:00Z “You would open the code, and read it, and it would tell you what your tax liability is,” he said. Keep on paying: Washington state Supreme Court sides with Sound Transit in car-tab case 2020-02-13T05:00:00Z Odd Couples suggests an amount based on how much the “seeker” - the younger housemate - will help out, but doesn’t call the payment “rent” because that would trigger a tax liability for the homeowner. A St. Louis housing startup matches seniors with millennials 2020-01-17T05:00:00Z Facebook, for example, quantifies “the effect of non-U. S. operations” on its overall tax liability. Why the Impact of the Trump Taxes Remains Partly Hidden 2019-12-30T05:00:00Z Most households did pay a bit less because of the overhaul: Individuals’ total tax liability dropped nearly 5.8 percent, or $70 billion, according to I.R.S. data on tax returns filed through July. Last Tax Season Was a Mess. Now’s Time to Prepare for This One. 2019-12-06T05:00:00Z The proposals target companies like Amazon and Apple that report little or no federal tax liability. Biden Proposes Smaller Tax Increases Than Rivals Do 2019-12-04T05:00:00Z McCormick said the pharmacies have higher tax liabilities and banking costs than other businesses, and he said some Louisiana dispensaries built facilities and carried costs for months with no income waiting for cannabis products. Medical marijuana in Louisiana: Questions about cost arise 2019-11-04T05:00:00Z But what Cooperman doesn’t mention is the extreme imbalances in income and wealth that account for much of the imbalance in tax liability. Column: Memo to billionaire Leon Cooperman re your fight with Sen. Warren: Stop whining 2019-11-01T04:00:00Z Because Louisiana links tax deductions to federal income taxes, the drop in federal tax liabilities means Louisiana taxpayers and businesses owed more to the state. Accounting done, Louisiana surplus has precise figure: $535M 2019-10-18T04:00:00Z “The amount of the tax liability is considerable and there is a real danger that, without the freezing orders, assets will be removed from Australia or otherwise dissipated,” Katzmann wrote in the judgment. This Chinese mogul made powerful friends in Australia. Now he’s a case study on worries over Beijing’s influence. 2019-10-05T04:00:00Z Instead, in most cases, the homeowner will apply their rehabilitation tax credit directly against their Virginia income tax liability. Historic tax credits allow homeowners to preserve their properties and communities 2019-09-26T04:00:00Z A drop in federal tax liabilities under the congressional tax changes means Louisiana taxpayers and businesses owe more to the state. Louisiana economist: Trump tax changes driving $500M surplus 2019-09-25T04:00:00Z The school is encouraging graduates and their parents to consult an accountant about potential tax liabilities. Robert F. Smith’s Morehouse pledge is getting a lot bigger 2019-09-20T04:00:00Z Such a move would allow taxpayers to adjust the initial value of an asset for inflation when it sells, effectively reducing the profit earned on the sale and, with it, the tax liability. Trump Won’t Order a Capital Gains Tax Cut, for Now 2019-09-11T04:00:00Z As a percentage of tax liability, it will be the third-largest kicker in Oregon history. Oregonians to tax refund record “kicker” 2019-08-28T04:00:00Z The department said potential state and local tax liabilities tied to forgiveness remained a concern. Trump administration to automatically forgive the student debt of permanently disabled veterans 2019-08-21T04:00:00Z The investor would then owe tax on just a $17 capital gain — cutting the tax liability by more than half. Trump administration is weighing a tax cut for investors 2019-07-30T04:00:00Z Editor’s note: This story was updated to reflect new information on asset declarations and tax liabilities. Hit by inflation, debt and falling currency, Pakistan tries to tax the rich 2019-07-04T04:00:00Z Under current law, a business may deduct from its income or tax liability all expenses paid to move from one location to another. Evers signs bill targeting businesses moving out of state 2019-06-24T04:00:00Z Department of Consumer and Regulatory Affairs — engaged in a conspiracy to reduce a business’s tax liabilities. Four arrested in alleged bribery scheme at D.C. tax office 2019-05-23T04:00:00Z Tax credits offset a percentage of tax liabilities for investors in low-income housing projects. Recent Missouri Editorials 2019-05-14T04:00:00Z The reality is that corporations divert up to 90 percent of their tax liability directly to organizations that provide scholarships and tuition for private and religious schools. Editorials from around Pennsylvania 2019-05-01T04:00:00Z Fake businesses were created, along with fabricated expenses, deductions and losses for each one, allegedly allowing the preparer to fraudulently understate or eliminate clients’ tax liabilities for several years. IRS says Arizona tax preparer filed false tax statements 2019-04-26T04:00:00Z Deflating the value of assets would minimize tax liability. Trump and his businesses sue Democrats to hide accounting records 2019-04-22T04:00:00Z Prosecutors say he then eliminated the tax liabilities of businesses owned by de Moya and others. Four arrested in alleged bribery scheme at D.C. tax office 2019-05-23T04:00:00Z That runs counter to independent analyses, such as one from the conservative Tax Foundation, which found that more than 65 percent of taxpayers will have their tax liabilities reduced by at least $100. Trump focuses on divisive messages as 2020 reelection bid takes shape 2019-04-15T04:00:00Z While its customers' overall tax liability fell 24.9 percent in the first year under the new tax law, refunds were roughly flat at just 1.4 percent. Trump touts tax cut successes in trip to Minnesota, key voting state in 2020 election 2019-04-15T04:00:00Z While its customers’ overall tax liability fell 24.9% in the first year under the new tax law, refunds were roughly flat at just 1.4%. Donald Trump using Tax Day visit to Minnesota to tout 2017 tax cuts 2019-04-15T04:00:00Z The act would also allow taxpayers with simple financial situations to elect to receive a pre-prepared tax return with tax liability or refund amounts already calculated, as happens in many other countries. Opinion | Filing taxes is hard enough. Congress should ease the pain, not worsen it. 2019-04-12T04:00:00Z It doesn’t result in a refund if the credit exceeds a taxpayer’s income tax liability. Editorials from around Ohio 2019-04-08T04:00:00Z Withholdings approximate your expected tax liability and, as such, need to incorporate expected changes in tax rates and tax brackets. There are 5 really bad surprises buried in your tax return, courtesy of Donald Trump 2019-04-02T04:00:00Z The department will not charge a penalty to those who paid at least 80 percent of their total tax liability during the year, the officials said. Faster Tax Cuts Could Be Backfiring on Republicans 2019-03-21T04:00:00Z So the anger of people faced with smaller refunds or new tax liabilities may prove damaging to President Trump and Republicans in Congress who face voters next year. Why People Are Outraged at Lower Tax Refunds (but Probably Shouldn’t Be) 2019-02-27T05:00:00Z “But that doesn’t mean that their tax liability is more or less than it was last year — it just means that their refund is different than it was last year,” he said. Parties spar over tax cut law as refunds for many disappoint 2019-02-26T05:00:00Z By contrast, the federal version is refundable, meaning the amount of the credit that exceeds the tax liability flows to the taxpayer as a refund. Editorials from around Ohio 2019-04-08T04:00:00Z As a single tax filer myself, I noticed that unmarried taxpayers may actually suffer "bracket creep" that may translate into a higher tax liability in 2018. There are 5 really bad surprises buried in your tax return, courtesy of Donald Trump 2019-04-02T04:00:00Z I now face significant increases in my tax liability to the federal government. Restore SALT deduction to federal taxes 2019-02-25T05:00:00Z “Change in refunds does not equate to change in tax liability, since withholding amounts were adjusted,” said Joseph Rosenberg, senior research associate at the nonpartisan Tax Policy Center. Analysis | Kamala Harris leaps to unwarranted conclusions in tax tweet 2019-02-13T05:00:00Z “Smaller refunds mean that people are withholding appropriately based on their tax liability, which is positive news for taxpayers.” As Refunds Shrink, Treasury Dept. Reminds Workers of Bigger Paychecks 2019-02-14T05:00:00Z “Smaller refunds mean that people are withholding appropriately based on their tax liability, which is positive news for taxpayers,” the statement said. U.S. tax refunds down nearly 9 percent vs year ago: IRS data 2019-02-14T05:00:00Z Meanwhile, Sir James Dyson and his family - whose household appliance company announced last week it was relocating its head office to Singapore - are ranked third on the list, with tax liabilities estimated at £127.8m. UK's 'highest taxpayers' revealed 2019-01-26T05:00:00Z “Maybe their overall tax liability actually is lower, but they got their money during the year” with more money in their paycheck, Steber said. Tax preparers warn your refund may be smaller than usual this year. Here's why 2019-01-25T05:00:00Z The delays would hit lower-income workers the hardest, since they are more likely to benefit from the earned-income tax credit and other provisions that reduce or eliminate their tax liability. Shutdown may delay IRS refunds for Americans who need them the most 2019-01-07T05:00:00Z Questions arose about his unpaid debts and tax liabilities while he lived the lap of luxury, as well as an October arrest for domestic violence allegations. Adult film star Stormy Daniels publicly accuses her lawyer Michael Avenatti of unethical conduct 2018-11-29T05:00:00Z That gave some ground to the tax authorities, but limited the tax liability assumed by the player or manager. Special Report: Double agents - How soccer clubs, players and... 2018-11-09T05:00:00Z The newspaper said that, when calculating tax liability, it did not include tax paid overseas in its calculations. UK's 'highest taxpayers' revealed 2019-01-26T05:00:00Z Portions of Mr. Trump’s returns that have become public have shed light on the legal maneuvers he has used to reduce his tax liabilities. Democrats Eye Trump’s Tax Returns, With Mnuchin in the Middle 2018-11-01T04:00:00Z Mr. Buell said he was especially confident that Mr. Kushner had no tax liability because the documents also report no “income taxes payable.” Kushner Paid No Federal Income Tax for Years, Documents Suggest 2018-10-13T04:00:00Z Buell said he was especially confident that Kushner had no tax liability because the documents also report no “income taxes payable.” Kushner paid almost no taxes for years, documents show 2018-10-13T04:00:00Z All Americans try and reduce their tax liability, that's not the issue. Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found 2016-10-02T04:00:00Z A Times story from 2016 reported that, during the early nineteen-nineties, he took an enormous tax loss—more than nine hundred million dollars—which he used to greatly reduce his tax liabilities in subsequent years. The Trump Family’s Tax Dodging Is Symptomatic of a Larger Problem 2018-10-03T04:00:00Z The governor, through the New Jersey Economic Development Authority, plans to auction off $60 million worth of tax credits every year for five years to major companies with tax liabilities in New Jersey. With $500 Million, New Jersey Wants to Invest in Your Start-Up 2018-10-01T04:00:00Z It ruled on a law that allows issuing tax exemptions to hospitals when the value of the “charity care” or “free or discounted services” they provide exceed its estimated tax liability. Supreme Court upholds hospital ‘charity care’ tax exemption 2018-09-21T04:00:00Z A tax return will show specific amounts of income, the sources of that income, taxes paid and strategies used to limit or avoid tax liability, what they deduct and how much they give to charity. Releasing tax returns an issue again - in governor’s races 2018-09-20T04:00:00Z The clarification means that pass-through business owners now could use contributions to those types of tax-credit programs to reduce their federal tax liability in a way that individuals cannot. Some small business owners could avoid cap on state and local tax deduction after IRS clarifies new rules 2018-09-05T04:00:00Z Many wealthy families go to great lengths to minimize their estate tax liabilities, of course. The Trump Family’s Tax Dodging Is Symptomatic of a Larger Problem 2018-10-03T04:00:00Z The partner in Ivanka’s own jewelry business is now being sued by the Department of Justice for more than sixty million dollars in unpaid tax liabilities. Where Will the Trump Investigations Go Next? 2018-09-05T04:00:00Z The government also fears a negative psychological impact on French workers who would see lower monthly earnings on their pay slips even though their annual tax liability would be the same. France’s Macron encounters obstacle course at home 2018-09-04T04:00:00Z It was issued as part of the state’s ongoing investigation into Trump and the Trump Foundation to determine whether the Republican commander in chief or his charity broke state law or misstated their tax liabilities. Attorney general looking to investigate Cohen on taxes 2018-08-23T04:00:00Z State Attorney General Barbara Underwood and tax officials are examining whether Donald Trump or his charity broke state law or misstated tax liabilities. Source: Cohen called state tax officials soon after subpoena 2018-08-23T04:00:00Z In New York state, meanwhile, investigators issued a subpoena to Cohen as part of their criminal investigation into whether the Trump Foundation or Mr. Trump broke state law or lied about their tax liability. Donald Trump, ‘Individual 1,’ downplays own legal peril after Michael Cohen guilty plea 2018-08-22T04:00:00Z As Trump’s longtime lawyer and self-described “fixer,” Cohen could potentially be a significant source of information for state investigators looking into whether Trump or his charity broke state law or lied about their tax liability. Michael Cohen subpoenaed by New York in Trump Foundation probe 2018-08-22T04:00:00Z “They would still be very generous credits that reduce your state tax liability,” Mr. Walczak said. Treasury Readies Its Punch Back at Blue States’ Workarounds on Tax Deduction Cap 2018-08-22T04:00:00Z The authority also agreed to pay any tax liability connected with the car, a Chevy Impala. Airports authority releases details of CEO’s contract 2018-08-19T04:00:00Z That will allow their owners to qualify for lower tax liability under the $1.5-trillion Republican tax-cut legislation that took effect Jan. 1. California Inc.: Hopes riding high for 'Crazy Rich Asians' 2018-08-13T04:00:00Z But the IRS has never required taxpayers to deduct the value of the charitable deduction in lowering tax liability. Red state charities could be collateral damage from the GOP's war on California's high taxes 2018-07-17T04:00:00Z Perhaps the most important one is who qualifies for the lower tax rate for “pass through” businesses — entities whose tax liability is borne by the owners on their personal tax returns. Government Work Done, Tax Policy Writers Decamp to Lobbying Jobs 2018-07-08T04:00:00Z The number of people paying the complex alternative minimum tax—which requires calculating tax liability twice—would drop from 5 million to about 200,000. IRS Changes 1040 Tax Form, Even as Taxpayers Switch to Digital Filing 2018-06-29T04:00:00Z Studios can then use the credits to offset state tax liabilities in California. California extends film and TV tax credit program to 2025 2018-06-27T04:00:00Z In its review, Fox will need to decide whether Comcast’s richer, all-cash offer is enough to offset the antitrust risk and potentially higher tax liabilities for some of its shareholders, analysts said. Fox to craft script for M&A summer blockbuster 2018-06-20T04:00:00Z Businesses across the U.S. are paying more attention to state taxes, which have become a larger share of their total tax liability. Companies in Limbo as States Adjust Taxes to Federal Overhaul 2018-06-11T04:00:00Z The sole source of funding is the State Election Campaign Fund, which allows taxpayers to direct $1 from their tax liability on their annual income tax returns to the fund. Program may not curb disparity in campaign spending 2018-06-09T04:00:00Z Further, the IRS has always taken a dim view of artificial contrivances taxpayers and their accountants pursue to evade their lawful tax liability. Excerpts from recent editorials in newspapers in Illinois 2018-05-30T04:00:00Z Democrats are trying to set up a “California Excellence Fund” so that taxpayers can claim donations to the fund as a credit against state tax liability. The IRS Bursts Cuomo’s Tax Illusion 2018-05-23T04:00:00Z The I.R.S. test, he said, would look at whether states devised the payments to allow residents to circumvent federal tax liability. I.R.S. Warns States Not to Circumvent State and Local Tax Cap 2018-05-23T04:00:00Z “If the deal was done exactly the same way, but for cash rather than stock, the tax liability would be mammoth,” said Robert Willens, president of tax and consulting firm Robert Willens LLC. Comcast's all-cash bid could pit Murdoch against Fox shareholders 2018-05-15T04:00:00Z In its financial statement, the company reduced its expected tax liability for the period — technically, its provision for taxes — by more than 35 percent. Profits Are Soaring. The Stock Market Has Barely Noticed. 2018-05-11T04:00:00Z A separate figure in Amazon’s filings — the company’s estimate of its income tax liability for 2017 — shows that nationwide, its state income tax bill was $211 million. Amazon paid $250 million in Washington state and local taxes in 2017, source says 2018-05-09T04:00:00Z In the current work-arounds, the only point is to lower tax liability. The IRS Bursts Cuomo’s Tax Illusion 2018-05-23T04:00:00Z “What seems very clear is that the I.R.S. is neither fooled by nor particularly flummoxed by recharacterization of federal tax liability,” he said. I.R.S. Warns States Not to Circumvent State and Local Tax Cap 2018-05-23T04:00:00Z Well, it alters the company’s tax liabilities to the U.S. and Irish governments, which was the point of the change. Apple and the fruits of tax cuts 2018-05-04T04:00:00Z Do Americans care more about their own tax liabilities than they do about the overall fairness of the tax system? Opinion | Marco Rubio and Tom Price (briefly) join the resistance 2018-05-03T04:00:00Z It’s also refundable so that if the credit is greater than your tax liability, you’ll get money back from the IRS. Analysis | Five ways to reduce your taxes before April 17 2018-04-11T04:00:00Z “It increases share prices without giving the shareholder a tax liability,” said Ivan Feinseth, chief investment officer at Tigress Financial Partners. America’s biggest companies are announcing buybacks. But whose cash is it, anyway? 2018-04-13T04:00:00Z Several states are devising schemes to allow residents to pay some of their state tax liability as a gift to a charitable fund rather than directly to the state government, restoring its deductibility. Perspective | You’re losing a major tax deduction this year. Stop complaining about it. 2018-04-12T04:00:00Z He claimed the dealers withheld $330,000 of his income at source for tax purposes and also “falsely” claimed to have made mortgage interest payments on four different properties to reduce his tax liability. Former Seattle Impact owner Dion Earl indicted on tax fraud charges 2018-04-05T04:00:00Z To meet these tax liabilities, exchanges need to sell bitcoin and ether. U.S. tax liabilities for crypto currencies in 2017 seen at $25... 2018-04-05T04:00:00Z The agency said that to qualify for a write-off, the tax liability actually had to have been known at the time. The Hot Debate: Can You Deduct Prepaid Property Taxes? 2018-04-03T04:00:00Z If you exchange that then there’s a tax liability.” Cryptocurrency investors face hefty tax bills as IRS closes in 2018-03-18T04:00:00Z This would sidestep the tax liability, as the shares would be exchanged rather than sold, allowing Alibaba to reduce its share count while paying a premium over Altaba’s stock price. Profitable Plans Afoot to Carve Rump of Yahoo 2018-03-16T04:00:00Z Those withholding amounts are effectively a guess at what employees' tax liabilities will be for 2018. How old are your kids? The answer could determine your tax bill 2018-03-09T05:00:00Z The Treasury Department on Wednesday released an updated online calculator that allows taxpayers to input their financial information and estimate 2018 income tax liability. How Much Tax Should Be Withheld From Your Paycheck? Updated IRS Tool Will Help 2018-03-01T05:00:00Z A significant reduction in tax liabilities has made the company more valuable--just as the tax cut is doing for companies all over America. Warren Buffett and the Trump ‘Tailwind’ 2018-02-26T05:00:00Z They are pass-through entities, meaning their tax liability is borne by the owners on their personal tax returns. Can You Get Rich From the New Tax Law by Becoming a Company? 2018-02-23T05:00:00Z It all adds up to an uncertain future for any company or worker trying to plan around their tax liabilities for the next few years, at least. Washington’s Fight Over Taxes Is Only Beginning 2018-02-23T05:00:00Z Berkshire also posted a record $44.94 billion annual profit, though $29.1 billion stemmed from the slashing of the U.S. corporate tax rate, which reduced the Omaha, Nebraska-based conglomerate’s deferred tax liabilities. With $116 billion cash, Buffett says Berkshire needs 'huge' deals 2018-02-24T05:00:00Z Another popular tax-code provision brought back to life retroactively for 2017 filings: Elimination of tax liability on mortgage debt forgiven by lenders in connection with short sales, foreclosures and loan modifications. New budget law includes last-minute tax relief for millions of homeowners 2018-02-20T05:00:00Z The gain is from benefits tied to recent tax-law changes, including a $1.5 billion benefit related to the revaluation of the companies deferred tax liability due to a lower corporate tax rate. Newell CEO Defends Management Amid Activist Calls for Change 2018-02-16T05:00:00Z They encourage owners to calculate their tax liability under different structures to assess which would work best. Can You Get Rich From the New Tax Law by Becoming a Company? 2018-02-23T05:00:00Z “The effect is likely to be most pronounced for expansions or upgrades of existing operations, with the possibility to reduce tax liabilities on existing income streams,” Unctad said. U.N Sees U.S. Tax Cut Offering a Limited Boost to Foreign Firms 2018-02-05T05:00:00Z Berkshire also posted a record $44.94 billion annual profit, though $29.1 billion stemmed from the slashing of the U.S. corporate tax rate, which reduced the Omaha, Nebraska-based conglomerate’s deferred tax liabilities. With $116 billion cash, Buffett says Berkshire needs 'huge' deals 2018-02-24T05:00:00Z With many people expected to have lower federal income tax liabilities under the congressional tax changes, Louisiana taxpayers will have a smaller deduction on their state forms. Analysis: Louisiana budget gets assist from fed tax changes 2018-02-04T05:00:00Z Adjusted for benefits related to the tax law and reassessing deferred tax liabilities, plus other one-time benefits and costs, net income totaled 78 cents per share. AT&T fourth-quarter profit surges with big tax windfall 2018-01-31T05:00:00Z However, the staff says December’s bump in estimated payments may result in larger refunds in April because taxpayers’ underlying tax liability for 2017 didn’t change. US tax change seen as boost to Arizona payments in December 2018-01-26T05:00:00Z The results included a $1.4 billion tax benefit stemming from the revaluation of its deferred tax liability. Southwest Gets a Lift From Increased Travel 2018-01-25T05:00:00Z President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. Verizon says new tax law to increase fourth-quarter earnings 2018-01-17T05:00:00Z The savings come from a reduction in the company’s expected future tax liabilities and are the result of the corporate tax rate being cut to 21% from 35%. California Inc.: State hopes for a fourth straight month of job gains 2018-01-15T05:00:00Z And Amazon employees in Seattle who planned to travel out of state for work had to submit itineraries for review to avoid triggering unwanted sales tax liabilities. Mr. Amazon Steps Out 2018-01-12T05:00:00Z The quarter included a $3.35 billion one-time after-tax boost from writing down its deferred tax liabilities to reflect the new U.S. corporate tax rates. Wells Fargo quarterly profit rises on one-time tax benefit 2018-01-12T05:00:00Z “We do not want the administration to exacerbate their tax liabilities with tax tables that intentionally withhold too little federal taxes.” Tax Overhaul’s New Withholding Calculations for Paychecks Are Released 2018-01-11T05:00:00Z President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. Verizon says new tax law to increase fourth-quarter earnings 2018-01-17T05:00:00Z Abril said “the difficulty will really be owned by the employees and their tax professionals to determine the implications of their 2018 tax liability.” Trump administration opts for speed over accuracy in implementing new tax law 2018-01-10T05:00:00Z The railroad said it expects to reduce its estimate of last year’s deferred tax liabilities by $5.8 billion. Union Pacific estimates $6B benefit in 2017 from tax bill 2018-01-09T05:00:00Z The quarter included a $3.35 billion one-time after-tax boost from writing down its deferred tax liabilities to reflect the new U.S. corporate tax rates. Wells Fargo quarterly profit rises on one-time tax benefit 2018-01-12T05:00:00Z “We do not want the administration to exacerbate their tax liabilities with tax tables that intentionally withhold too little federal income taxes,” the lawmakers wrote. Top Democrats accuse Trump of politicizing tax cuts 2018-01-08T05:00:00Z Meanwhile, banks with deferred tax liabilities will be able to write those down thanks to the lower tax rates. U.S. bank gains from tax law start with red ink 2018-01-08T05:00:00Z Many large corporations evade tax liability in Pennsylvania, using the loophole to report their income through corporate shells in low-tax or no-tax states such as Delaware. Editorials from around Pennsylvania 2017-12-27T05:00:00Z Yet the rush to prepay property taxes on Tuesday reflects how the increased tax liabilities for some homeowners may erode the so-called wealth effect of rising property values. Homeowners Rush to Prepay 2018 Property-Tax Bills 2017-12-27T05:00:00Z But the reduction of the corporate tax rate to 21 percent means that there is now less of an incentive for banks to reduce their tax liability using these credits. Life, Death and Taxes in Inequality City 2017-12-22T05:00:00Z Some of the expense is also due to the revaluation of its tax liabilities, the drugmaker said in a filing with the Securities and Exchange Commission. Amgen estimates its U.S. tax bill at over $6 billion as it repatriates 2017-12-22T05:00:00Z Meanwhile, banks with deferred tax liabilities will be able to write those down thanks to the lower tax rates. U.S. bank gains from tax law start with red ink 2018-01-08T05:00:00Z But now that corporations will be awash in cash due to the 40 percent reduction in federal tax liability, it’s time for legislators to close the state’s door to corporate tax evasion. Editorials from around Pennsylvania 2017-12-27T05:00:00Z And while it’s true that by 2027, a majority of households will see their tax liabilities increase relative to current law, most people’s taxes will indeed fall in the near term. Opinion | You own this tax bill, Republicans. Good luck. 2017-12-21T05:00:00Z Companies may try to time their transactions for opportunities to reduce tax liability. Companies Scramble to Make Moves Before the Big Tax Cut 2017-12-20T05:00:00Z Some of the expense is also due to the revaluation of its tax liabilities, the drugmaker said in a filing with the Securities and Exchange Commission. Amgen estimates its U.S. tax bill at over $6 billion as it repatriates 2017-12-22T05:00:00Z Such businesses, like partnerships and limited liability companies, do not pay taxes themselves, but instead pass through their tax liabilities to their owners. Corker Says He Faced ‘Tough’ Decision in Supporting Republican Tax Bill 2017-12-18T05:00:00Z The tax requires high-earning individuals and corporations to compute their tax liability in two different ways and pay whichever amount is higher. Get Started: How tax bill agreement would affect businesses 2017-12-18T05:00:00Z Treasury Department issued guidance over the weekend saying that any pre-payments for 2018 tax liabilities would not be deductible on federal tax bills. U.S. taxpayers rush to claim deductions under threat from tax bill 2017-12-18T05:00:00Z The bill also roughly would double the standard deduction to $12,000 for individuals and $24,000 for families, which would increase the number of “zero filers” who face no federal income tax liability. Marco Rubio, Bob Corker swing tax reform confidence in Senate 2017-12-17T05:00:00Z The two most time-consuming accounting tasks for CFOs will be estimating the tax liability related to offshore cash and reassessing the value of their deferred tax items. Corporate Accountants Can Cancel Christmas: Swift, Complex Changes May Be Required for Tax Bill 2017-12-16T05:00:00Z Currently, the companies that build wind and solar farms often do not have large enough tax liabilities to take full advantage of the renewable credits. Renewable Energy Is Surging. The G.O.P. Tax Bill Could Curtail That. 2017-12-07T05:00:00Z Another issue is that the Senate bill also crafted a form of corporate-minimum tax to stop “base erosion” in which multinational companies try to reduce tax liability. No Alternative, No Tax Problem 2017-12-06T05:00:00Z Treasury Department issued guidance over the weekend saying that any pre-payments for 2018 tax liabilities would not be deductible on federal tax bills. U.S. taxpayers rush to claim deductions under threat from tax bill 2017-12-18T05:00:00Z As long as Mr. Tillerson followed that plan, the timing of his resignation would have no impact on his tax liability, the lawyers said. Trump Rejects Reports That His Top Diplomat is Departing 2017-12-01T05:00:00Z “I will continue to push the bill in that direction with a particular focus on making the CTC refundable up to payroll tax liability.” Marco Rubio, Mike Lee push plan to raise corporate tax rate, give benefits to the poor 2017-11-29T05:00:00Z Our tax liability would rise by $5,300. Opinion | The tax bill’s effect on household budgets 2017-11-27T05:00:00Z Such a move would allow working parents who do not currently face income tax liability to still benefit from the expanded credit envisioned in the bill. Senators Scramble to Advance Tax Bill That Increasingly Rewards Wealthy 2017-11-27T05:00:00Z Currently, in the Senate bill, these companies are allowed to deduct 17.4 percent of their income from their tax liability. GOP leaders in advanced talks to change tax plan in bid to win over holdouts 2017-11-26T05:00:00Z Tax credits allow recipients to lower their tax liability as a reward for making certain investments or behavior, such as scholarship programs, adoptions or paying employees above-average wages. Kansas keeps secret who benefits from tax breaks 2017-11-26T05:00:00Z The Internal Revenue Code permits people to use all lawful means to reduce their tax liability; there is no hidden tax code that requires anyone to maximize their tax liability. How Business Titans, Pop Stars and Royals Hide Their Wealth 2017-11-07T05:00:00Z But the AMT serves a purpose: It prevents wealthier taxpayers from using deductions and loopholes to shrink their tax liability to little or nothing. Opinion | This little-discussed part of the GOP tax bill proves what it’s really about 2017-11-12T05:00:00Z America still subsidises mortgages to the tune of $64bn a year, by allowing homeowners to deduct interest costs from their tax liabilities. America’s Republicans take aim at mortgage subsidies 2017-11-09T05:00:00Z Alternatively, changes or interventions may prompt companies or individuals to spend more on advisers and taking actions to reduce their tax liabilities. Reality Check: Has HMRC saved £160bn since 2010? 2017-11-08T05:00:00Z By cutting the corporate tax rate from 35 percent to 20 percent, the bill would reduce the tax liability of corporations by $846.5 billion over the next decade, according to the Joint Committee on Taxation. How wealthy would gain at expense of others in GOP tax plan 2017-11-07T05:00:00Z And rational people will use both domestic and offshore tax havens to reduce their tax liability. How Business Titans, Pop Stars and Royals Hide Their Wealth 2017-11-07T05:00:00Z The Ways and Means Committee said that “results in a distorted computation of the overall U.S. tax liability of multinational companies.” Complicated foreign excise tax for U.S. companies could pose problems for House Republican tax bill 2017-11-06T05:00:00Z If it’s refundable, once your tax liability hits zero, you get a check for the balance. What to know about the GOP tax plan if you have kids 2017-11-03T04:00:00Z Conversely, losing the student loan interest deduction would otherwise raise a taxpayer’s income, which might affect their tax liability in other ways. Republican tax bill would kill deductibility of student loan interest 2017-11-02T04:00:00Z Giving AI anything close to human rights would allow firms to “pass off both legal and tax liability to these completely synthetic entities,” says Bryson. Pretending to give a robot citizenship helps no one 2017-10-30T04:00:00Z Few seemed to care as Google scanned libraries full of copyrighted material and, like Apple, moved billions in assets offshore to minimize tax liabilities. 'Big tech has been rattled. The conversation has changed' 2017-10-19T04:00:00Z Art lovers with pricier collections may seek to lessen the tax liability for their heirs by selling or donating their art or placing it in a trust. Trump tax plan paints pretty picture for art collectors 2017-10-16T04:00:00Z Art lovers with valuable collections may seek to lessen the tax liability for their heirs, through selling or donating the art or placing it in a trust. Trump tax plan paints pretty picture for art collectors 2017-10-16T04:00:00Z They say expanding the standard deduction will increase the number of “zero bracket” filers who face no federal income tax liability. Mark Walker introduces charity tax deduction bill 2017-10-15T04:00:00Z Next year, as a result of the recent change in state law, Mr. Beaty will face a tax liability of nearly $80,000 on his pass-through income. Kansas Tried a Tax Plan Similar to Trump’s. It Failed. 2017-10-10T04:00:00Z But Cohn offered that, “guys like myself should not be allowed to put their assets into a partnership and reduce our tax liability by 10 percent.” GOP tax cut: Small biz boon or loophole for rich and Trump? 2017-10-04T04:00:00Z “It would likely increase the number of taxpayers with zero income tax liability,” said Scott Greenberg, a senior analyst at the Tax Foundation. Republican reform tax plan would expand amount of Americans who don’t owe income tax 2017-10-01T04:00:00Z A March study found that last year, only 0.42 percent of farms faced any estate tax liability. Analysis | The Finance 202: Here's how Louise Linton could change the tax debate 2017-08-23T04:00:00Z “In our view, in the absence of a specific statutory provision or judicial doctrine requiring inclusion, federal tax credits are not gross income for purposes of determining a taxpayer’s federal income tax liability.” IRS whistle blower who questioned paper industry tax break fights to keep his job 2017-08-21T04:00:00Z What would be the tax liability if this happens? How cosigning a mortgage loan can bring big risks 2017-07-30T04:00:00Z Payments on account are based on the previous tax year's income tax liability, assuming that this will not change. Tax payment deadline is looming - BBC News 2017-07-28T04:00:00Z As an example, Varadkar offers the closing of the "double Irish" loophole that permitted companies to dramatically shrink their corporate tax liability. The Republic of Ireland Has Never Had a Leader Like Leo Varadkar 0002-11-29T05:00:00Z The undefeated former world champion says he can’t pay off his tax liability from 2015 until he fights the Irishman in August. Floyd Mayweather to use Conor McGregor fight to pay off 2015 tax bill 2017-07-10T04:00:00Z “How they pay is a personal choice. Giving taxpayers ideas of possible borrowing sources to pay their tax liability is consistent with fair debt collection practices as well as I.R.S. practice.” Outside Collectors for I.R.S. Are Accused of Illegal Practices 2017-06-23T04:00:00Z Estimates from analysts and budget experts have said Americans could be shifting their tax liability to delay paying taxes, hopeful that future lower tax rates could reduce the amount they have to pay. U.S. readying ‘plans and backup plans’ if debt ceiling isn’t raised soon, Mnuchin says 2017-06-09T04:00:00Z That’s because when your income is highest, so is your tax liability. Opinion | Trump is waging a war on millennials 2017-05-08T04:00:00Z He was convicted of tax evasion and served four years in prison despite claiming that because he received no salary he had no tax liability. Tony Alamo, apocalyptic minister convicted of abusing underage girls, dies at 82 2017-05-04T04:00:00Z As an employee, her tax liability would be a hundred and seventy-five thousand dollars. Trump Wants to Give Himself a Tax Cut and Undermine the Tax Code 2017-04-26T04:00:00Z Democrats are highlighting the fact that Mr Trump's own tax liability from his businesses would shrink under his blueprint, saving him millions. Trump seeks tax windfall for business - BBC News 2017-04-26T04:00:00Z The Public Accounts Committee highlighted particular concerns about tax evasion in the football industry and the "misuse" of image rights to reduce tax liabilities. Arrests as Newcastle and West Ham raided in £5m tax probe - BBC News 2017-04-26T04:00:00Z The smartest way to avoid a penalty is to estimate each quarter what your tax liability will be for the year. Get Started: Don’t forget April 18 estimated tax deadline 2017-04-10T04:00:00Z “Boeing’s prodigious capacity to keep generating deferred tax liabilities means that in any given year, its effective tax rate is very, very low.” Boeing pays federal income tax, for third year in a row 2017-03-25T04:00:00Z It also said a loss could add "significant" tax liabilities in later years. Amazon.com wins $1.5 billion tax dispute over IRS 2017-03-23T04:00:00Z The 2012 law allows nonprofit hospitals to avoid property taxes if the value of their charitable services matches or exceeds their estimated tax liability. Illinois high court gives nonprofit hospitals partial win 2017-03-23T04:00:00Z The government contends in its lawsuit the defendants unlawfully understated their customers’ income tax liabilities or overstated their refunds. Feds seek to shut down Kansas tax return preparer 2017-03-20T04:00:00Z For one thing, it’s less of a hassle than it used to be: When taxpayers and their accountants calculated tax liability by hand, the recalculations required by the AMT were understandably difficult. Analysis | Everyone hates this tax. But without it, Trump would barely have paid any. 2017-03-17T04:00:00Z Trump took a write-down of more than a hundred million dollars in 2005, his initial tax liability was just $5.3 million. Who Leaked Part of Donald Trump’s 2005 Federal Tax Return? 2017-03-15T04:00:00Z Amazon's ultimate tax liability from the decision was not immediately clear. Amazon.com wins $1.5 billion tax dispute over IRS 2017-03-23T04:00:00Z Nonrefundable credits can be used only to offset actual tax liability — but would also mean less money in the pockets of Americans who need help paying for health insurance. Conservative groups and lawmakers demanding ‘full repeal’ could derail Obamacare rollback 2017-03-02T05:00:00Z Lower-income families without tax liability would get a rebate for their expenses in the form of a larger earned income tax credit. Ivanka Trump’s $500 billion child care plan may not fly in Congress 2017-02-23T05:00:00Z It then takes those percentages and applies them to your tax liability to tell you that you paid, say, $5,000 worth of interest on the national debt in 2016. Tax Software: The Basics Work, but Peace of Mind Costs Extra 2017-02-17T05:00:00Z That can result in tens of thousands of dollars in tax liability. Proposal would cut tax penalty on forgiven student loans 2017-02-17T05:00:00Z Paid in advance, refundable so people with little or no tax liability would get an IRS check. Highlights of House GOP health care overhaul proposal 2017-02-16T05:00:00Z Companies can then apply those credits to reduce any general tax liabilities they have with the state. Paramount, Amazon productions qualify for California tax incentive 2017-02-13T05:00:00Z One goal, Cobb said, is to assist H&R Block’s tax professionals and improve their chances of fairly increasing refunds and reducing tax liabilities for clients. IBM gives Watson a new challenge: your tax return 2017-02-02T05:00:00Z Still, as Wallmeyer explained, “if the final tax-reform package actually lowers the overall tax liability for members of private clubs, the return of this deduction may not be as important.” The golf industry weighs the good & bad with a President Trump - Golf Digest 2017-02-02T05:00:00Z One goal, Mr. Cobb said, is to assist H&R Block’s tax professionals and improve their chances of fairly increasing refunds and reducing tax liabilities for clients. IBM Gives Watson a New Challenge: Your Tax Return 2017-02-01T05:00:00Z Like the Additional Child Tax Credit, the earned income credit is refundable, meaning that even if you have no tax liability you can get a refund. It’s tax time, and here’s one tip: Filing early would be good 2017-01-28T05:00:00Z The committee also highlighted concerns about “potential abuse” of image rights by top footballers and entertainers to minimise their tax liabilities. UK's super rich appear to get special deal from HMRC, says watchdog 2017-01-26T05:00:00Z The report highlighted particular concern about tax evasion in the football industry and the "misuse" of image rights to reduce tax liabilities. MPs warn HMRC that confidence in tax system is at risk - BBC News 2017-01-26T05:00:00Z Mitchell allegedly included several false entries to lower the individual tax liability or to increase the refunds on the questioned returns. Ex-IRS worker accused of false tax returns, ID theft 2017-01-14T05:00:00Z Town officials voted to delay a foreclosure auction on the properties for six months to provide time to resolve remaining tax liabilities. Nonprofit buys site of ex-Millinocket paper mill for $1 2017-01-13T05:00:00Z "Your overall tax liability in a state is going to include sales tax, property tax, maybe even an estate tax." Tax Advice for Any Golfer - Golf Digest 2017-01-11T05:00:00Z For example, if you only owe $500 in federal income tax, you can use the $1,000 child tax credit to reduce your tax liability to zero. IRS to delay tax refunds for millions of low-income families 2017-01-10T05:00:00Z It added: “Incorporation of a company in the Bahamas does not decrease ExxonMobil’s tax liability in the country where the entity generates its income.” Leak reveals Rex Tillerson is director of Bahamas-based US-Russian oil company 2016-12-18T05:00:00Z They had small accounts, but real problems with asset allocation and tax liability issues. Fidelity gives BlackRock an early leg up in robo advice brawl 2016-12-16T05:00:00Z At least part of Mr. Trump’s reluctance to sell off his holdings stems from tax liability concerns, according to a person briefed on the plan. Donald Trump Is Said to Intend to Keep a Stake in His Business 2016-12-07T05:00:00Z With the stroke of his signature on a few pieces of paper, it appeared to Fisher, Oesterlund had used Omega to make virtually all of his family’s United States tax liabilities disappear. How to Hide $400 Million 2016-11-30T05:00:00Z However, the extent to which bitcoin users with US tax liabilities have been declaring such assets is unclear. Why the US government wants to bring cryptocurrency out of the shadows 2016-11-27T05:00:00Z Voters snubbed a proposal to do away with a tax break that allows businesses to deduct the federal income taxes they pay from their state tax liability. Analysis: Louisiana elections offer lessons for politicians 2016-11-13T05:00:00Z Trump in effect traded debt relief for virtually worthless “partnership equity” to swerve past any tax liability in the early 90s, according to documents obtained by the paper. Donald Trump's claims about Hillary Clinton's tax loophole stance? Wrong 2016-11-01T04:00:00Z "There are remedies such as innocent spouse relief to free themselves from that coerced tax liability," Sussman adds. 5 Financial Challenges Facing Survivors of Domestic Abuse 2016-10-26T04:00:00Z The Bradfords reported $99,000 in tax liabilities to several states and the federal government. Small business advisers for Trump have suffered bankruptcies and dodged taxes 2016-10-21T04:00:00Z These types of provisions in the tax code both encourage investments and reduce firms' tax liabilities. Big Promises on Tax Reform 2016-10-20T04:00:00Z He's also boasted that his use of business losses to zero out his tax liability shows he's smart. WHY IT MATTERS: IRS 2016-10-19T04:00:00Z When you're able to maximize deductions and reduce your tax liability, that in turn frees up more of your income that can be invested towards your retirement. 5 Retirement Planning Mistakes Self-Employed Workers Should Avoid 2016-10-12T04:00:00Z He hid those tax liabilities from shareholders, according to the affidavit filed in federal court in Alexandria. Democratic donor, health-care company executive accused of wire fraud 2016-10-06T04:00:00Z Some have suggested that Trump might have used the new public company to shed the tax liability. Trump’s use of debts and tax laws spurs concerns about his methods 2016-10-05T04:00:00Z Businesses essentially pay taxes on an "average" of their earnings, which reduces or defers federal tax liabilities – an advantage taxpayers who earn all their income through wages do not enjoy. The Trump Tax Return Lesson 2016-10-06T04:00:00Z Mr. Trump did not dispute this weekend’s report by The New York Times that he claimed nearly $1 billion in business losses in 1995, potentially erasing years of income tax liability. Donald Trump blames politicians for laws he used to skirt taxes, touts financial ‘talent’ 2016-10-03T04:00:00Z The SEC will meanwhile cooperate with ensuring Wyly receives a credit against his federal income tax liabilities of nearly $181 million. Texas businessman Wyly strikes $198 million deal with SEC 2016-10-01T04:00:00Z Details aside, Mrs. Clinton’s tax proposals offer a stark alternative to Mr. Trump’s and send a clear message that a top priority “is increasing the tax liability at the top,” Mr. Kamin said. One Beneficiary of Clinton’s Complex Tax Plan: Tax Lawyers 2016-09-15T04:00:00Z But that's a small issue next to the benefits of having investments compound for decades with no tax liability at the end. Pro and Cons of Contributing to a Roth IRA in Your 70s 2016-09-22T04:00:00Z If you're working and receiving Social Security, that could result in an increased tax liability. How to Adjust Your Financial Plan When Forced Out of Retirement 2016-09-09T04:00:00Z “What’s really threatening is the idea of retrospective tax liabilities on the basis of reinterpretation of tax rulings by people who don’t have a direct competence,” he said. Eurozone Finance Chief Lashes Out at Apple’s Response to Tax Ruling 2016-09-04T04:00:00Z “It allows well-to-do and well-advised taxpayers to defer their tax liability potentially until death.” How Much Does Donald Trump Pay in Taxes? It Could Be Zero 2016-08-11T04:00:00Z Trump also promised to end some “special interest” tax breaks but named only one, the “carried interest” provision that many investment fund managers use to reduce their tax liability. Trump tries to reset with economic speech — but faces new resistance in GOP 2016-08-08T04:00:00Z Furthermore, clients are hesitant because the amnesty rates apply only to historical tax liabilities. Indonesian tax amnesty could spark outflow from Singapore wealth industry 2016-07-25T04:00:00Z He must serve a year of supervised release after leaving custody and cooperate with the Internal Revenue Service to determine any tax liability. Mixed martial arts promoter gets 3 months for tax crime 2016-07-15T04:00:00Z Paris Achen of our Capital Bureau reported Tuesday that the farm supplies and fuel cooperative Wilco would face a huge increase in its tax liability if IP 28 passes. Editorials from around Oregon 2016-07-11T04:00:00Z Those businesses wouldn’t be able to get a rebate check, but instead would only be able to apply the inventory tax credit to their actual tax liabilities. Who will pay? A look at tax bills approved by lawmakers 2016-06-22T04:00:00Z The problem was that the completion of the merger required the assurance that it would not incur a tax liability. Energy Transfer Shares Surge During Merger Trial With Williams 2016-06-21T04:00:00Z In the event of a taxable split, “a cash tax liability in excess of $4 billion” would be created, according to bankruptcy court papers. Energy Future Creditors Could be Left with $4 Billion Tax Bill 2016-06-10T04:00:00Z A one-time discharge of loans can result in tens of thousands of dollars in immediate tax liability. The Secret Tax That Targets Families Affected By Death or Disability 2016-05-31T04:00:00Z Another consequence will be price increases for consumers, as corporations cover their big new tax liability. Editorials from around Oregon 2016-07-11T04:00:00Z Google, which said it is complying fully with French law, is under pressure across Europe from public opinion and governments angry at the way multinationals exploit their global presence to minimize tax liabilities. Data analysis from Paris raid on Google will take months, possibly years: prosecutor 2016-05-29T04:00:00Z Indeed, most of the hip-hips were led by progressives’ and Democrats’ push for lower tax liability for lower income residents — and they got what they wanted. DEBORAH SIMMONS: D.C. raises taxes on military, teachers, police, other retirees 2016-05-26T04:00:00Z Since we all seek to legally minimize our tax liabilities, that shouldn’t be a political problem. The ‘Bombshells' That Could Be in Trump’s Taxes 2016-05-13T04:00:00Z The software maker said in the filings that it hadn’t booked any U.S. income taxes on that money, and that the unrecognized deferred tax liability on the earnings equaled $34.5 billion. Sheltering Foreign Profits From U.S. Taxes Is No Big Feat 2016-04-25T04:00:00Z The official went on to describe the $100 million in property, payroll and other taxes Northrop Grumman paid last year — and never proffered a figure for the company’s state income tax liability. Maryland should stop blatant corporate welfare 2016-04-22T04:00:00Z To get the extension, taxpayers must estimate their tax liability and pay any amount due. Procrastinators rejoice: tax day is a bit later this year and if you still can't make that, there's still time to file for an extension 2016-04-14T04:00:00Z The “Primary Residence Exclusion” is one of the most common tax exemptions that owners use to avoid a tax liability on their homes. Selling your house? Two is the magic number for a big tax break. 2016-04-07T04:00:00Z They avoid tax liabilities through dodgy offshore accounts and shell companies set up in countries that sell themselves as tax havens. If you're rich, you can avoid paying tax. That's got to change | Jan Schakowsky 2016-04-07T04:00:00Z “But the 99% are left with the aftermath–the empty buildings of a deserted Detroit, the toxic waste from chemical plants in West Virginia or the unsustainable tax liabilities of Puerto Rico.” The 'Panama Papers' Expose the Secret World of the 1% 2016-04-07T04:00:00Z “When a film’s tax liabilities are below its allotted refundable credits, taxpayers end up directly paying film companies the difference,” writes Jared Meyer, a fellow at the conservative Manhattan Institute for Policy Research. Why Hollywood isn’t the hero for shutting down Georgia’s anti-LGBT bill 2016-03-30T04:00:00Z Those shelters, and others, also work to reduce tax liabilities for high earners. How to Live (Well) in New York City on Less Than Zero 2016-03-29T04:00:00Z The package of bills by Rep. Walt Leger, a New Orleans Democrat, would do away with a tax break that allows businesses to deduct federal income taxes from their state tax liability. Corporate tax law rewrite emerges from La. special session 2016-03-15T04:00:00Z Fortunately, the IRS offers a tax break for adopting which is quite generous and is a direct reduction of your income tax liability. Top Tax Deductions and Credits If You Have Children or Dependents 2016-03-15T04:00:00Z He eventually started paying himself $245,000 a year from the proceeds, prosecutors say, and falsely declared tens of thousands of dollars in family expenses as business expenses to minimize tax liability. Federal trial begins Monday for Washington state auditor 2016-03-12T05:00:00Z It also said that it had a “deferred tax liability” of $23.6 billion for an additional, unspecified sum that it has parked overseas but expects to bring back one day. Pfizer’s Eager to Go, but the Market Has Doubts 2016-03-12T05:00:00Z Trump’s unwillingness to release any documentation of his own recent tax liabilities is also unforgivable. Trump is not the only candidate playing games with his tax returns 2016-03-10T05:00:00Z Debt forgiven in a restructuring counts as noncash income, or “cancellation of debt income,” which creates a tax liability for investors without an associated cash distribution. Linn Energy Looks to Ease Tax Hit on Investors 2016-03-09T05:00:00Z If you need extra time to try and reduce your tax liability. 6 Reasons to File a Tax Extension 2016-03-08T05:00:00Z Such trusts are generally used as estate planning instruments to limit tax liabilities. In a field of rich congressional candidates, this wine magnate is the richest 2016-03-07T05:00:00Z Anxiety also makes people trade too much, incurring losses, fees and tax liabilities, he says. How to Survive a Bear Market 2015-03-09T04:00:00Z Breaking with decades of presidential vetting tradition, they have released only summary information about their tax liabilities, as contained on the first two pages of the federal form known as a 1040. Trump is not the only candidate playing games with his tax returns 2016-03-10T05:00:00Z The change will significantly boost the revenue—and tax liability—of Facebook’s U.K. entity. Facebook to Pay More in U.K. Tax 2016-03-04T05:00:00Z But people confuse a deduction with a credit, which reduces your tax liability dollar for dollar. Fact or Fishy? Tax Day is coming fast. Test your knowledge here. 2016-02-23T05:00:00Z A study of 2,500 Delaware registered corporations between the years 1995 and 2009 showed that the entities reduced their state tax liabilities by anywhere between 15 to 24 percent. How Delaware became an American haven for “grand corruption” 2016-02-22T05:00:00Z Partnership investors face potential tax liabilities stemming from devastation in the oil patch. Oil Price Drop May Add to Tax Bills for Popular Energy Investments 2016-02-19T05:00:00Z The proposed income tax would be 6 percent of your federal tax liability, or the amount in taxes you pay the federal government. Tax bills, court case, Murkowski speech are things to know 2016-02-13T05:00:00Z The other risk - which is the same one threatening Uber - is that regulators insist rappitenderos are treated as direct employees rather than contractors, resulting in a potentially large tax liability. Fruit and veg goes digital in South America - BBC News 2016-02-11T05:00:00Z What I just don't understand is what my tax liability will be on the rest of the money. Deciding which student loan to pay off first 2016-02-06T05:00:00Z A tax credit is a dollar-for-dollar reduction of the tax you owe, and a refundable tax credit will allow you a credit beyond your tax liability. How to Get the Biggest Tax Refund This Year 2016-02-02T05:00:00Z Find a certified public accountant and get tax advice to meet immediate tax liabilities. Lottery Winner or Not, Have a Windfall Plan 2016-01-15T05:00:00Z The bill also would increase the gross receipts and withholding thresholds for tax filings and change the timing of tax liability payments for small businesses in an effort to minimize the impact on cash flow. Delaware lawmakers eye corporate income tax changes 2016-01-13T05:00:00Z “The goal of the tax avoidance industry is to shelter income from exposure to any tax liability at all,” Mr. Bernstein said. Justice in Taxes, Most Likely Short-Lived 2015-12-31T05:00:00Z The prosecutors also said Apple and Italy are working to reach an accord on what the company's tax liabilities will be for successive years. Apple pays $350 million in Italy for back taxes, working out future deal in evasion case 2015-12-30T05:00:00Z Corporations, small businesses and individuals can arrange to pay the base tax liability they owe while freeing them of penalties, interest and collection fees. Recent editorials published in Indiana newspapers 2015-12-29T05:00:00Z But with help from legislators, loopholes and clever tax advisers, their actual tax liability is far lower. Clinton’s ambitious plan: Make U.S.-based corporations pay their taxes 2015-12-14T05:00:00Z Shareholders would recognize less tax liability as well, as they would be taxed on the value of the Yahoo stub and not the Alibaba shares. Yahoo’s Spinoff Plan Does Not Change Its Tax Risk 2015-12-10T05:00:00Z “But when you consider the breadth of the tax avoidance industry, much of which is about sheltering income from exposure to any tax liability at all, it’s just a drop in the bucket.” Justice in Taxes, Most Likely Short-Lived 2015-12-31T05:00:00Z Here are some tips on how to maximize your tax return and limit your tax liability before Dec. 31 rolls around. How to Maximize Your Tax Return By the End of the Year 2015-12-08T05:00:00Z The Indiana Department of Revenue says individuals and businesses have paid nearly $138 million to satisfy overdue state tax liabilities. Recent editorials published in Indiana newspapers 2015-12-29T05:00:00Z The ability to pass on costs to its customers does not give NorthWestern much incentive to keep its property tax liability down, Commissioner Travis Kavulla said. NorthWestern underestimates tax hike after $900M dam buy 2015-12-07T05:00:00Z Disposing of the core business in a taxable sale would create a modest amount of tax liability, but Yahoo’s $10 billion in unrealized tax gain on the Alibaba shares would be deferred indefinitely. Yahoo’s Spinoff Plan Could Be Risky Business 2015-12-04T05:00:00Z Legislators this spring approved the two-month amnesty period that ended Nov. 16, allowing the payment of overdue state tax liabilities dating from before 2013 without penalties, interest and collection fees. Indiana collects $100 million from tax amnesty program 2015-12-02T05:00:00Z Learning how to wisely limit tax liability is one of the keys to keeping your wealth. How to Maximize Your Tax Return By the End of the Year 2015-12-08T05:00:00Z She wants to create an out-of-pocket health expenses tax credit that would be refundable, meaning it becomes a direct cash rebate for people with no income tax liability. Hillary Clinton’s Tax Credit Sweepstakes 2015-12-01T05:00:00Z The PSC plans to investigate whether NorthWestern erred in its rate increase filing for the taxes to the commission and to consider whether the company should be required to disclose its tax liability to customers. NorthWestern underestimates tax hike after $900M dam buy 2015-12-07T05:00:00Z With $26bn of Pfizer cash parked offshore, it is clear Read is determined to unlock this treasure chest while triggering as little tax liability as he can. American big business faces the G20 in a fight for $2.1tn in unpaid tax 2015-11-28T05:00:00Z By my estimate, the artificial shifting of profits to low-tax locales enables U.S. companies to reduce their tax liabilities, in total, by about $130 billion a year. Apple, Amazon and Microsoft’s mega-million con: How titans of the new economy screw us all on taxes 2015-11-27T05:00:00Z Instead, much of its American tax liability is illusory, taking the form of an obligation to pay taxes in the future if it repatriates cash to the United States. Why Pfizer’s Deal May Change the System of Taxing Multinationals 2015-11-24T05:00:00Z Tax-loss harvesting is one of the various strategies for investors to offset their annual tax liability. 'Tis the Season for Tax-Loss Harvesting 2015-11-16T05:00:00Z The government notified Yahoo that it would not provide guidance about the tax liability tied to the transaction, worrying investors and analysts that the I.R.S. would eventually seek taxes from the deal. Yahoo Pressured to Keep Alibaba Stake and Sell Core Business 2015-11-19T05:00:00Z |
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