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Extenders Could Move Soon

http://hiddenacres.ca/site/?m=payday-loan-business-startup Tax extenders and the state and local sales tax deduction continue to drive discussions on Capitol Hill. Lawmakers from both sides of the aisle have expressed support for extending the expired tax breaks. At this time, talks have surfaced that the extenders could be part of a…

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Tax Provisions Expiring in 2016

http://cuba-clothing.com/blog/?m=payday-loans-concerns There are 34 temporary tax provisions scheduled to expire at the end of 2016. These provisions can be categorized as primarily affecting individuals, businesses, or being energy-related. These categorizations follow those used in past “tax extender” legislation. Individuals Four individual tax provisions are scheduled to expire at…

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IRS FY 2018 Budget Not Yet Settled

direct lender faxless payday loans Lawmakers return to Capitol Hill this month to approve the IRS fiscal year (FY) 2018 budget. The IRS, like many federal agencies, is currently operating under a temporary spending bill. Last year, the House Appropriations Committee and the Senate Appropriations Committee proposed to fund the IRS at…

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Updated 2018 Withholding Tables Issued

see The IRS has issued updated 2018 withholding tables that reflect the changes made by the Tax Cuts and Jobs Act. The new law makes numerous changes affecting individual taxpayers in 2018. The new tables reflect the increased standard deduction, repeal of personal exemptions and changes in tax…

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TAX CUTS AND JOBS ACT (H.R. 1) – Businesses, Tax-Exempt Orgs & International

student loan income sensitive repayment plan calculator BUSINESSES Corporate Taxes H.R. 1 calls for a 21-percent corporate tax rate beginning in 2018. The new law makes the new rate permanent. The maximum corporate tax rate currently tops out at 35 percent. Although the current 2017 maximum corporate tax rate is 35 percent, many corporations…

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TAX CUTS AND JOBS ACT (H.R. 1) – Individuals

promissory note for personal loan The Tax Cuts and Jobs Act (H.R. 1) has been approved by Congress and signed by President Trump. After a last-minute procedural glitch that required the Senate to vote first on the final bill, the most sweeping change to the U.S. tax code in decades cleared the…

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2016 E-Filing Closes November 18; IRS Turns To Next Filing Season

Individuals who have not yet filed their 2016 federal tax return will be able to e-file only through November 18, 2017. The IRS will only accept paper-filed returns after that date, the IRS has announced. At the same time, the IRS reminds certain taxpayers living in a…

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Ways and Means Approved GOP’s Amended Tax Cuts and Jobs Bill

The House Ways and Means Committee on November 9 approved the GOP’s amended Tax Cuts and Jobs Bill (HR 1) by a 24-to-16 party-line vote, thus concluding a four-day markup of the bill. The measure now moves to the House Rules Committee and then the House floor.…

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TAX CUTS AND JOBS ACT; Senate GOP Unveils Plan; House Bill Moves Ahead

Special Report Senate Republicans released a tax reform plan on November 9, 2017. Like the House GOP bill – the “Tax Cuts and Jobs Act” (HR 1) – the Senate GOP plan would impact virtually every individual and business on a level not seen in over 30…

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Updated Special Tax Briefing

The House Ways and Means Committee advanced to the full House the proposed Tax Cuts and Jobs Act (HR 1) on November 9, 2017. The committee approved, along party lines, a number of amendments to the original bill. The House is expecting to hold a vote on…

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