Sentences with phrase «account by the taxpayers»

Not exact matches

In 1996, the US General Accounting Office estimated that a tax agency reconciliation system could reduce the time spent preparing tax returns by as much as 155 million hours a year for 51 million taxpayers and reduce the IRS's costs by up to $ 37 million annually.

Rep. Blake Farenthold used taxpayer money to settle a sexual harassment claim brought by his former spokesman — the only known sitting member of Congress to have used a little - known congressional account to pay an accuser, people familiar with the matter told POLITICO.

Welcome them, starting today with Mr. Sampson and Mr. Silver, to the New York Hall of Shame, where we'll take a glance at what the leaders and all this region's legislators are doing in the middle of a budget crisis — by their own account on their taxpayer - funded websites.

Reports on the Audit Service's website (www.ghaudit / org) show that by 2014, under President Mahama, over GH cents 5 billion of taxpayers» money spent could not be accounted for and nothing has been done by the Mahama Government to trace and retrieve these funds.»

The $ 10.5 million energy and agricultural waste management project was funded by local, state and federal taxpayer dollars, including about $ 1.5 million that came directly from Cayuga County government's savings accounts.

Most of the money that flows into the MECC account is the result of a voluntary decision by individual taxpayers to make a gift to children, not to state bureaucrats.

Rep. Blake Farenthold, a Texas Republican, reportedly used taxpayer money to settle a sexual harassment claim brought by his former spokesman — the only known sitting member of Congress to have used a little - known congressional account to pay an accuser.

«The goal should be to provide relative stability for taxpayers while accounting for the costs needed to provide services — many of which are required of public schools and supported by their communities.»

As a quid pro quo to the Power Authority taking care of George's friends and family club members, George, his oversight committee, looked the other way and abrogated his responsibility to not only the taxpayers of his district but to all Western New Yorkers by letting the Cuomo / Silver progressive establishment cartel, in two successive budget bills in 2011 and 2012, sweep $ 600,000,000 from the bank account of the Power Authority to the General Fund of the State of New York — monies that should have been used for the economic benefit of Western New Yorkers.

By design, it will provide some near - term relief to taxpayers while building in greater long - term stability through special reserve accounts that will reduce future volatility.

Silver presides over the heavy Democrat majority in the Assembly and has come under criticism in recent months by members of both his own party and the Republicans for what Katz called his actions «in covering the sexual improprieties of Assemblyman Vito Lopez with taxpayer dollars by means of the «Miscellaneous Contractual Services» account.»

The Espadas» defense lawyer, the Daily News reports, is claiming the men assumed their use of taxpayer funds from the Soundview Health Clinics they controlled — to pay for things like sushi restaurant tabs and birthday party pony rides — were legal because the expenses were approved by an accounting firm.

By all accounts, these seven men and women have worked tirelessly to find the right health care provider for patients, the strongest company for employees and the best deal for county taxpayers.

ZKB, the biggest of Switzerland's publicly owned regional banks, «conspired with U.S. taxpayers to help them conceal their foreign accounts,» according to a lawsuit filed Nov. 6 by U.S. Attorney Preet Bharara in Manhattan.

So the NEA's slush fund is in fact built by taxpayer dollars, which flow directly to the NEA instead of into the teacher's own bank account.

The American public education system, by most accounts, is broken, despite taxpayers throwing billions of dollars at it.

Such a move exposes the government to less risk, and thus reduces the cost to taxpayers (using fair - value accounting practices that take into account the relative risk imposed on taxpayers by different policies).

The accounts for K - 12 schools first appeared in 2011 in other states and are popular among conservatives and opposed by Democrats and teachers unions as a new version of a taxpayer - funded school voucher.

Following criticisms made by Jason Richwine and others, Wilson argues that the New York City district schools» retirement benefits are not being adequately accounted for (or funded) and thus the official budgeted expenses grossly understate the cost, for the district and taxpayer, of educating a student.

But it's really not as sensible as Rampell says: Taxpayers in plenty of states have fully funded teachers» pensions at a huge cost already, at least by highly optimistic government accounting rules.

Accounting services will cost taxpayers 6.1 percent more this year, up from the 2016 increase of 5.3 percent, according to 30,000 firms surveyed by the National Society of Accountants.

For individual taxpayers, the best way to accomplish immediate tax savings is by setting up a traditional individual retirement account (IRA).

Contributions to retirement accounts: As long as you are eligible, 1 contributions to a traditional IRA are subtracted from your gross income, enabling you to reduce your 2017 taxable income by as much as $ 5,500 per qualified taxpayer, or $ 6,500 if you're 50 or older.

An account defined by the Internal Revenue Code as an incentive to help taxpayers save for education expenses.

However, this example overstates the average benefit by failing to account for the fact that a typical taxpayer must itemize his deductions in order to receive a benefit.

While this is explained in much more detail here, in general the vast majority of taxpayers will obtain the greatest benefit by reducing their current taxes and investing those tax savings in a taxable investment account.

«However, much of the IRS's improved performance this year is attributable to reduced taxpayer demand for services,» said Olson's report, as reported by Accounting Today.

I'm a US taxpayer (non-resident alien) and I'm being pushed by a friend to do the following: He will transfer 40k from a US bank account that he owns to my personal account.

Transaction Codes are used internally by the IRS to identify a transaction, adjust and research tax accounts and to maintain a history of actions posted to a taxpayer's account.

With a levy the IRS can take money from bank accounts, garnish wages, or even seize physical property owned by the taxpayer.

If the taxpayer pays $ 300 for glasses in February, they can use the FSA for the full expense even though the account balance would only be $ 100 by the end of the month.

Some taxpayers who filed complaints with the Federal Trade Commission (FTC) reported that, after signing up with some of these companies and paying thousands of dollars in upfront fees, the companies took even more of their money by making unauthorized charges to their credit cards or withdrawals from their bank accounts.

By incorporating more calculated, thoughtful, comprehensive and proactive efforts to take climate - related issues into account before projects are permitted or funded using taxpayer money, state and local governments can play a critically important role in protecting communities.

by Jay Syrmopoulos... While the Department of Defense can't account for $ 6.5 trillion dollars of taxpayer funds, in 2014 there were 47 million people, including over 15 million children, living in poverty in the U.S. — % 15 of the U.S. population, which is the largest total number in poverty since records began being kept 52 years ago.

In August 2013, the DOJ issued a joint statement with the Swiss Federal Department of Finance announcing the Swiss Bank Program which, subject to certain conditions, encouraged Swiss banks not subject to ongoing criminal investigations to disclose information about accounts held by US taxpayers and pay a penalty in exchange for an NPA.

Negotiate with the CRA to come up with a payment plan so that the taxpayer is able to pay the tax bill and prevent CRA collection actions including wage garnishment, bank account seizure, personal property or real estate liens and harassment by CRA collections officers;

The taxpayer responded by claiming solicitor - client privilege over details of his accounts receivable, such as client names.

We see it formally in Canada in the willingness of the Canada Revenue Agency to start to open an online account for a taxpayer by reference to an electronic banking account with a commercial bank.

An automatic method change is now available for taxpayers wishing to change their accounting method to comply with the new financial accounting standards issued by the Financial Accounting Staccounting method to comply with the new financial accounting standards issued by the Financial Accounting Staccounting standards issued by the Financial Accounting StAccounting Standards...

The Notice is sent under this Section to the taxpayer to scrutinize the documents and accounts that were submitted by him in support of the filed ITR.

Although there might be a state law that empowers the taxpayer to terminate or dismiss the escrow holder of the qualified escrow account, or the trustee of the qualified trust, these rights are overridden in this situation by Treas. Reg.

These funds are usually held by the qualified intermediary in a commingled account with the exchange funds of other taxpayers.