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Tarr tax deduction on bank savings interest appears doomed
Gloucester Daily Times· 2 hours agoThe last proposal standing between taxpayers and the elimination of the deduction on interest from savings in Massachusetts banks is an amendment by Senate Minority Leader ...
Ontario Trillium Benefit 2024: Key Payment Dates and Eligibility Criteria Announced
Digital Journal· 3 days agoImmigration News Canada. When it comes to the benefits that taxpayers get, there are a number of tax returns that you could file in order to become eligible ...
Taxation of Foreign Currency Transactions Part II: Gains, Losses, Personal Transactions, and...
JD Supra· 10 hours agoAre all foreign currency gains taxable? No. Under a de minimis exemption individual taxpayers with foreign currency gains of $200 or less on a “personal transaction” do not ...
Column: It wasn't just the endless shrimp — Red Lobster's corporate owners drove it into bankruptcy
LA Times via Yahoo Finance· 20 hours agoBuyouts of private for-profit colleges, for example, resulted in jacked-up tuition charges and...
Does a 401(k) Withdrawal Impact SSDI?
SmartAsset via Yahoo Finance· 45 minutes agoIf you receive Social Security Disability Insurance (SSDI) payments, you might be wondering if you can supplement them with some money from your...
American families are struggling with debt. When it gets forgiven, the tax code treats it like extra...
Fortune via AOL· 6 days agoOther organizations have done their own calculations that demonstrate the significant burden that...
Questions Regarding Offshore Accounts and FBAR Filing Requirements | JD Supra
JD Supra· 6 days agoFBAR stands for the Report of Foreign Bank Accounts and refers to Form FinCEN 114.US taxpayers are required to electronically file an FBAR with the US Financial ...
Tax Disclosure Pacts Pose State-by-State Challenges for Business
Bloomberg Law· 2 days agoA voluntary disclosure agreement, or VDA, is a useful tool for remediating prior years’ tax exposure resulting from some form of noncompliance. Under a typical VDA, any non-filing or underpayment ...
Tax breaks after 50 you might not know about
AOL· 5 days agoHigher tax filing thresholds It’s easier to skip out on federal taxes altogether once you turn 65, thanks to higher filing thresholds for older taxpayers...
Don’t Roll Over RMDs To Other Retirement Accounts
Forbes· 12 hours agoSome retirees make an expensive mistake by trying to roll over their required minimum distributions to Roth IRAs.
