[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.
Tax return attorney fees
If you're a real estate investor or own a rental property, be aware there aren't calculators for amortization and depreciation, nor are there audit protections for self-employment income. The major perk is that TaxSlayer offers a no-interest advance on your tax refund -- receive either $500 or $1,000 once the IRS accepts your filing and receive the funds on a Green Dot Prepaid Visa card in as little as 24 hours. Once you receive your refund, TaxSlayer will deposit the rest after deducting your advance and any applicable fees. … [Read more...] about Best tax software for 2020: TurboTax, H&R Block, TaxSlayer and more
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
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
Tyrese just filed docs responding to Norma Gibson's request for him to pay for her divorce attorney, and they reveal some serious monthly expenses. According to the docs, Tyrese says he's dropping about nearly $114k each month for his mortgage, child care, groceries, utilities and $10k in child support payments to Norma. … [Read more...] about Tyrese Says He’s Spending Way More Than He Makes, Can’t Afford Ex’s Attorney
Yet were they to be widely known, the facts about corporate welfare would electrify our debates about public spending and the role of the state. On Wednesday, Osborne will set about chopping into our social security budget. Among the measures he is believed to be considering is taxing disability benefits. That will raise about £900m, according to the Institute for Fiscal Studies. That is about the same sum as the state gives every year to managers who buy shares in, say, their dotcom startup and see them soar in value, without having to pay much tax on the gain, thanks to a scheme called Enterprise Management Incentives. … [Read more...] about Direct aid, subsidies, tax breaks – the hidden welfare budget we don’t debate