With tax laws likely changing soon, it's a good idea to follow Lackey's lead and donate before the end of the year, as one of the proposed revisions for 2013 is a cap on itemized deductions.
Not exact matches
DAY: And he says
with new
tax laws in place, his fellow CPAs are searching for info and could be more
likely to open an attachment.
While I may not agree
with 100 % of their conclusions, that
likely reflects true uncertainty around
tax law that is fundamentally complex rather than an attempt on either end to help individuals unlawfully avoid
taxes.
Even if you pay too much forcurrency conversion, the expense is
likely to be far lower than the cost of complying
with US
tax law.
With a new Criminal Finances Bill set to be enacted in 2017 to prevent the facilitation of
tax evasion, and news
laws likely in 2018 to require procedures to prevent wider economic crime, this shows no signs of abating.
There appear to be no
likely imminent changes for section 3508, the provision in the
tax law that provides qualified real estate agents (among others)
with a statutory classification as independent contractors.
«This split opinion may be due to the fact that expensive markets
with higher priced homes are more
likely to be impacted by the new
tax law because of the limit on the deductibility of state and local property
taxes.
While Trump made no specific reference during his campaign to
tax reforms that would affect real estate, industry executives are speculating that a plan to overhaul most
tax laws made last June by House Republicans will be much more
likely to proceed
with Trump in office than a Democrat, according to the Wall Street Journal.