For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between March 20, 2020 and June 30, 2020, the reduced interest rate at 9% instead of 12/18 percent per annum will be charged for this period, it had said adding no late fee/penalty would be charged for the delay. … [Read more...] about Tax dept. asks officers working from home to chase large taxpayers for dues
Penalty for late filing of service tax return
[T]he reality is that Clinton favors strengthening the already-tough regulations on Wall Street created by Dodd-Frank, by levying a risk fee on the largest banks and tightening the Volcker Rule. Trump, on the other hand, proposes “close to dismantling of Dodd-Frank,” which, he claims, “has made it impossible for bankers to function.” One doesn’t need to personally trust Clinton to know she will be “tougher” on Wall Street than her opponent. For Clinton, the political price of repealing the Consumer Financial Protection Bureau and Dodd-Frank’s other reforms is immense — she would lose the support of an enormous swath of her party’s base. This is not the case for Trump, who has lost none of his base since calling for a moratorium on financial regulations. … [Read more...] about Trump’s Tax Avoidance Was Perfectly Legal. That’s Why It’s an Issue.
Intuit There's something for all filers with TurboTax -- the company offers a myriad of options even if your tax situation is complicated. A bonus for tax filers who use Quickbooks software (hello sole proprietors!): You can connect it to TurboTax, useful for self-employed people or real estate investors. And if your tax situation isn't complicated (requiring lots of itemized deductions or advice on taxes, for instance) the user-friendly interface makes it simple to breeze through tax prep and file your taxes. TurboTax Deluxe, its most popular option, searches standard deductions and looks for a tax credit to get you your maximum refund. And TurboTax Premier is specifically designed for taxpayers that have investments or rental property. … [Read more...] about Best tax software for 2020: TurboTax, H&R Block, TaxSlayer and more
Akron, Ohio, March 27, 2020 – The City of Akron is extending its deadline for filing individual and business income tax returns to July 15, 2020. In light of the COVID-19 pandemic emergency, the federal government moved the federal income tax filing deadline to July 15, 2020. The State of Ohio has also extended its deadline to July 15, 2020 by action of the Tax Commissioner of the State of Ohio and Ohio House Bill 197, which was signed by Governor Mike DeWine today. … [Read more...] about City Of Akron Extends Income Tax Filing Deadline To July 15
Edward J. McCaffery is Robert C. Packard trustee chair in law and a professor of law, economics and political science at the University of Southern California. He is the author of "Fair Not Flat: How to Make the Tax System Better and Simpler" and founder of the People's Tax Page. The opinions expressed in this commentary are his own. View more opinion at CNN. … [Read more...] about The stimulus bill includes a tax break for the 1%
Reality TV star Michael "The Situation" Sorrentino, along with his brother Marc, pleaded guilty Friday to tax crimes, federal prosecutors announced Friday.Jersey Shore star is facing the maximum sentence of five years in prison after pleading guilty to one count of tax evasion, according to the Department of Justice. His brother faces three years in prison for pleading guilty to one count of aiding in the preparation of a fraudulent tax return. … [Read more...] about Mike “The Situation” Sorrentino Is Facing Five Years In Prison For Tax Evasion