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Tax reform? More like tax headache
Working with the government is like playing games with my 7-year-old granddaughter. Somehow, in the midst of the game, the rules change. At the beginning of this year, we were told to expect a big tax break for 2018. Great! I estimate my taxes quarterly and try to stay current. This is difficult bec
In wake of tax reform, federal judge strikes down Obamacare as unconstitutional
The U.S. Supreme Court likely will be deciding the fate of Obamacare for a second time after a federal judge on Friday struck it down as unconstitutional based on its mandate requiring individuals to purchase health insurance.
Federal Deficit For November Hits Record High Despite Tax Reform
Spending is up sharply under President Trump while revenues are flat after tax reform. Tax reform stands as the one major legislative accomplishment of the Trump Administration. The measure became law a year ago and, as forecasted, jumpstarted growth in an economy that had been largely stagnant sinc
Continuing Education announces income tax preparation and tax reform with AARP courses
McHENRY — Continuing Education & Workforce Development recently announced two courses scheduled for the beginning of January. Income Tax Preparation 101, Jan. 8 and 19, 6-8:30 p.m., Garrett College McHenry campus.
'I’m not worried that Mueller is gonna stop the president from getting re-elected. I think Gottlieb might'
Maybe special counsel Robert Mueller has dirt on President Trump and maybe he doesn’t. But at this point in the now 19-month-long investigation, conservative strategist Grover Norquist is arguing that vapers, rather than indictments, might bring down Trump. Specifically, vapers angry at FDA Commissi
Apple To Enter A Slow Growth Period? Think Again
If Apple (AAPL) is supposed to enter a period of slow growth, as a few experts have recently suggested, somebody needs to let the company's management team know first. Seemingly fearless of a slowdown in its robust growth pace, or perhaps proactively attempting to avoid one, Apple has recently reite
Federal judge strikes down Affordable Care Act
TEXAS (CNN) - A federal judge in Texas said on Friday that the Affordable Care Act's individual coverage mandate is unconstitutional and that the rest of the law must also fall.
Apple's big campus announcement had a very specific audience — Trump
Apple's campus search, which concluded earlier this week, was conducted fairly quietly, especially compared to rivals like Amazon. That's because Apple's main goal wasn't to gain the maximum incentives from local governments.
FORUM2: No: 'Medicare for All' means misery for all
FOR MORE than a century, Democrats have dreamed of nationalizing America’s health care system, but they have never been closer than they are right now to enacting their single-payer fantasy.
Insurers lag on tax reform guidance: Poll
A majority of the insurers participating in a flash poll conducted by Baker Tilly Virchow Krause LLP do not feel their company is staying up to date with the additional guidance that has been released since the passage of the Tax Cuts and Jobs Act last year.
Tax Reform Keeps Switzerland A Top Corporate Locale
This article focuses on the latest developments in the long-awaited Swiss corporate tax reform. In order to give an overview of the reform in its latest iteration, this article offers historical...
What the new tax law means for your holiday giving
The tax law Republican lawmakers passed in 2017 could affect how much Americans give as they weigh making end-of-year donations. Contributions from individuals, as opposed to corporations or other organizations, make up more than three quarters of all donations in the United States. Charities receiv
Jordan arrests 17 protesters against fiscal reform
Jordanian protesters in the capital Amman, on December 13, 2018, during a demonstration against a government tax hike. Demonstrations show popular tensions remain after week of unrest in June. — Seventeen Jordanians were arrested during protests against a controversial fiscal reform, a judicial sour
Tax reform preparation
2018 Tax Reform: Are You Prepared for the End of the Year?. With the introduction of new tax law this year, you may wonder how you will be impacted. For many taxpayers, the new tax law creates an opportunity in the form of increased disposable income.
Don’t Cheer (or Panic) over That Obamacare Ruling
A judge has ruled Obamacare unconstitutional. This basically doesn’t mean anything. For one thing, there’s no injunction stopping the law in the short term. For another, the suit has little chance of surviving the appeals process because the argument behind it is weak. Even reliable Obamacare oppone
BEAT, has been brought
Bernie Becker is a tax reporter for POLITICO Pro, where he is primarily responsible for writing the Morning Tax tipsheet. Editor’s Note: This edition of Morning Tax is published weekdays at 10 a.m. POLITICO Pro Tax subscribers hold exclusive early access to the newsletter each morning at 6 a.m. To l
Real Estate Struggles As Markets Enter Correction
The three major US stock indexes entered correction territory this week as weak economic data from Asia and Europe overwhelmed the otherwise positive data stateside. The S&P 500 (SPY) retreated 1.2% on the week while the Nasdaq (QQQ) finished down 0.2%. With easing inflation expectations, slowing gl
Richard Groover: Legislators must act for tax conformity
MANY VIRGINIANS have never heard of, and yet are significantly affected by, tax conformity. The annual discussion on this issue — which involves updating the Virginia tax code to conform with federal changes — takes place in the state capital between legislators of both parties and the governor’s of
Readers React: Promised property tax reform nonexistent
We did vote in 2017 to change the property tax just on homeowners and the vote passed. Since then, nothing was done about it. So tell me again how important it is to vote when the politicians are not abiding by the majority.
IRS Releases New Not-Quite-Postcard-Sized Form 1040 For 2018, Plus New Schedules
Remember those postcard-sized tax returns? They’re here. Sort of. They’re not exactly postcard-sized, but the new form 1040 is smaller than before. The Internal Revenue Service (IRS) has made the new form 1040 and the accompanying six new schedules for the 2018 tax year available on the IRS website.