Charlotte-area business leaders urge tax reform
What kind of tax reform would some business leaders in the Charlotte area want to see? A tax code that spurs development, not one that stymies it. An understanding of competitiveness with other...
View ArticleINVESTORS’ CORNER: Start preparing now
We are now past the deadlines for the extensions on filing business and personal tax returns. This would be a good time to get an appointment on your tax preparer’s calendar to discuss...
View ArticleExperts more pessimistic about U.S. housing market following new tax laws
New changes to U.S. tax laws led 41 percent of survey respondents to lower their long-term expectations for the U.S. housing market, according to the 2018 Q1 Zillow Home Price Expectations Survey. The...
View ArticleKASS: Tax basis not based on appraisal
Q: I bought a co-op 10 years ago. This was an free standing house. We did a “tear down” and completely rebuilt . All the construction was on a cash basis. Question: Does the IRS allow you to...
View ArticleBERKO: Gift tax and high-yield checking account
Dear Mr. Berko: Our accountant told my wife and me that we can’t gift more than $15,000 at a time without incurring a tax. I know there are more ways to skin a cat and hope that you have some thoughts...
View ArticleENNICO: Tax Law Changes for 2020
Each year brings new changes to our Byzantine tax system, and 2020 is no different, with recent federal and state laws making the tax landscape more challenging than ever for small businesses and their...
View ArticleSCHWAB – POMERANTZ: Focusing on a Tax Refund? Do Some Tax Planning Instead
Dear Carrie: When I did my taxes this year, I wound up owing a lot to the IRS. A friend at work mentioned they got a huge tax refund. How can I get a refund next year? — A Reader Dear Reader: The end...
View ArticleMigration analysis suggests tax climate draws Americans to N.C.
By Johnny Kampis Carolina Journal News Service A recent examination by the Tax Foundation shows North Carolina’s high net migration rate may be due to its friendly tax climate. The nonprofit,...
View ArticleMillennial Money: Tackle overdue taxes this year
By DALIA RAMIREZ of NerdWallet If you have unpaid or unfiled taxes, the start of a new tax season and the looming reminders of debt might fill you with dread. […] The post Millennial Money: Tackle...
View ArticleTax season is underway. Here are some tips to navigate it
By ADRIANA MORGA Associated Press NEW YORK (AP) — It’s tax season in the U.S., and for many people, filing tax returns can be a daunting task that’s often left […] The post Tax season is underway. Here...
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