Intuit has introduced a range of new features to ProConnect Tax Online, its professional tax preparation product, for tax year 2019. Updates include new forms, e-file capabilities, and behind-the-scenes software upgrades. Responding to recent upheavals in tax law, Intuit states it has been making key improvements to ProConnect Tax Online to ensure continued support for
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CNBC’s Jim Cramer reveals a list of stocks that he thinks would be worth buying if the United States and China come to terms on a trade deal. The “Mad Money” host, however, goes on to let viewers know that he is still in favor of President Donald Trump adding more tariffs to Chinese imports
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Getty Estate planning is a complex world for most Americans. For many, the process can seem overwhelming and expensive. For others, it is uncomfortable to confront one’s mortality and requires tough decision making. But regardless of one’s feeling on estate planning, there is one estate planning document that all Americans should have: A Health Care Directive.  But what
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Tonight, the Utah legislature enacted a rebalancing of the state’s tax code in a one-day special session at the culmination of a months’-long process that saw lawmakers crisscross the state and entertain more than 62 hours of public comment across 17 meetings. The legislation enacted tonight was in some respects a product of that process,
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CPAs gone wrong; on the waterfront; trooper tricks; and other highlights of recent tax cases. Jacksonville, Florida: Preparer Joanna Arlean Tukes has pleaded guilty to aiding and assisting others with the filing of fraudulent tax returns. Since 2012, Tukes owned and operated a prep business where she reported false information on returns, including false claims
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A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco set new records as the world’s biggest initial public offering. And, chances are, you’re shut out
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Two years after passage of the Tax Cuts and Jobs Act (TCJA), the U.S. Treasury Department continues the process of proposing and finalizing regulations related to enforcement and administration of the reforms outlined in the law. The volume of regulations issued related to the TCJA highlights the scope of the change in tax law since
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Eighteen candidates still are in the running for president in 2020—and they’ve proposed over 300 tax ideas! To keep track, the Tax Policy Center has sifted through their campaign websites, online postings, and their statements during debates or on Sunday talk shows. Because we did, you don’t have to. Just go to TPC’s new guide
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Key Findings Following the 2018 South Dakota v. Wayfair S. Supreme Court decision eliminating the physical presence standard for sales tax nexus, 43 of 45 states with statewide sales taxes have adopted collection and remittance obligations for remote sellers, and 38 have implemented marketplace facilitator regimes. Safe harbors for small sellers help avoid imposing constitutionally
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For some savers, the appeal of moving assets to a Roth individual retirement account often stems from the tax-free income it will deliver in their golden years. Yet there are some less obvious reasons for certain retirees or retirement savers to consider doing a so-called Roth conversion. First, though, the basics: Unlike traditional IRAs whose
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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019. Andrew Harrer | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Federal Reserve Chairman Jerome Powell said on Wednesday that
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Today’s map shows states’ rankings on the property tax component of the 2020 State Business Tax Climate Index. The Index’s property tax component evaluates state and local taxes on real and personal property, net worth, and asset transfers. The property tax component accounts for 16.6 percent of each state’s overall Index score. Property taxes matter to businesses for several
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