Wealth MattersImageAlvina Lo, chief wealth strategist at Wilmington Trust, said the overhaul of the tax code meant couples going through a divorce should re-examine their tax strategy.The Republican lawmakers’ sweeping overhaul of the tax code changed many of the calculations that factor into the logistics of divorce.
Economy|Treasury Issues Rules on Tax Breaks for Opportunity ZonesImageNew apartment buildings, left, and an old warehouse, right, in Long Island City, New York.Under the 169-page proposed regulation, the second in a series of rules meant to clarify the 2017 tax law that created the zones, investors can take advantage of the tax breaks in several ways.
And if taxpayers don’t adjust their paycheck withholdings, next year could bring an even bigger shock.It’s an eye-glazing task, which may be why nearly 80 percent of filers, according to H&R Block, failed to update last year.
Huh/Associated PressThe new tax law has been a boon for muni bonds.The tax law also cut back on the supply of muni bonds by eliminating a category known as “advanced refunding issues,” which accounted for around one-fifth of muni bond issues annually.
ImageSteven Mnuchin, the Treasury secretary, is at the center of a fight over whether to release President Trump’s tax returns to Congress.”“Our legal department has had conversations prior to receiving the letter with the White House general counsel,” Mr.
German car-parts maker ZF Friedrichshafen AG expects to pay higher taxes for Wabco, once the transaction to purchase the U.,
a maker of brakes and truck-safety systems, moved its headquarters to Bern, Switzerland, at the beginning of the year.
14 AM ISTCCD raids: I-T detects Rs 650-crore illegal income BENGALURU: The income-tax department concluded its search on the Coffee Day Group companies, founded by Chikkamagaluru-born entrepreneur VG Siddhartha, on Sunday.The Coffee Day group did not reply to email queries from ET.
The TRO is an enforcement action taking arm of the tax department and it deals with cases of wilful defaulters.NEW DELHI: The Income-Tax Department has attached a house of hardline Kashmiri separatist Syed Ali Shah Geelani located in Delhi in connection with an over Rs 3.
41 AM ISTBCCLThe restructuring was part of a plan that involved the merger of Aditya Birla Nuvo with Grasim.The Bombay High Court on Friday granted interim relief to Grasim Industries, the flagship company of the Aditya Birla Group, on a Rs 5,872-crore dividend distribution tax demand linked to a 2016 demerger plan of group businesses.
”So much for flying off to Nevada or Florida and leaving your state tax bill behind.In the high-stakes game of tax collecting, states can seek unpaid tax bills that climb into the tens of millions of dollars.
A KPMG spokesperson said while the indirect tax revenue in the industry appeared to have plateaued, the practice for the firm was growing strongly.At multinationals, partners are given revenue targets and they get to take home around 30% of the revenue they generate.
One option may be to make a contribution to a health savings account.S.
Importers, Tax dept approach Supreme Court over GST “self-assessment"20 Feb, 2019, 01:02PM ISTThe companies while importing the products had paid 12% Goods and Services Tax when they were required to pay only 6%.18 Feb, 2019, 11:14AM ISTThe premise of anti-profiteering is that if the government has given up its revenue, this benefit has to be passed on and enjoyed by the consumer.
How to find Income Tax Assessing Officer or AO details?How to secure your e- Tax Filing Accounts through e - Filing Vault4 Mar 2019, 03:56 PM ISTThe Income Tax Department has secured your e-filing account from possible misuse.
Legislation introduced by Democrats in the Senate and House of Representatives would treat carried interest as ordinary income
March 13, 2019 4:35 p.ET
Private equity could be in for another fight over its favorite tax break.