Sentences with phrase «federal and state tax planning»

Steven Chung is a tax attorney in Los Angeles specializing in federal and state tax planning and tax dispute resolution.

From 2002 to 2006, Ms. Austrian was Vice President of Domestic Tax at PepsiCo, where she provided leadership in U.S. federal and state tax planning, with a focus on mergers and acquisitions and operations.

Not exact matches

Remember, your 401 (k) plan or traditional individual retirement account is tax - deferred money — meaning, for every dollar you take out, you will owe taxes (federal and state).

Western Australia's hospitality and agricultural industries have welcomed the federal government's decision to amend its planned backpacker tax, but the tourism body says it will cost the state jobs nevertheless.

Also, without an estate plan in place, you will pay higher federal and state estate taxes and inheritance taxes.

A tax plan approved by the House of Representatives on Thursday would sharply curtail a federal deduction that millions of Americans can now claim for tax payments to state, county, city and town governments.

When you contribute to a traditional retirement plan, you receive a current tax deduction for both federal and state income taxes.

He is a Certified Specialist both in Taxation Law and in Estate Planning, Trust & Probate Law (The State Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporatState Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporatstate civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporations.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan.

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The generalized information we provide regarding tax minimization planning is not intended to, and can not, be used by anyone to avoid paying federal, state, or local municipalities, taxes, or penalties.

Working closely with tax and estate planning professionals will help you create a plan that is right for you, complies with federal and state laws, and fully considers income, estate and gift - tax consequences.

That reflects a compromise, as an earlier version of the Republican tax plan would have would have eliminated the ability for people to deduct their state and local tax payments from their federal tax payments.

Gov. Andrew Cuomo on Thursday ripped the Republican - proposed plan for federal taxes that would place new limits on deductions for state and local taxes.

De Blasio said he's not worried yet about Trump's plan to eliminate state and local tax exemptions on federal filing, referring to the the proposed national reform package as a «pipe dream.»

The state's governor and senior senator teamed up Monday to urge New York's congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state's taxpayers and economy.

Speaking outside a suburban home in Albany County, Sen. Chuck Schumer and Gov. Andrew Cuomo called the federal plan to get rid of the state and local tax deductions «double taxation.»

Schumer and Cuomo called their press conference to denounce a federal tax overhaul plan that also could affect the state's budget.

In his most recent State of the State address, he listed several priorities, including reforming the criminal justice system, holding pharmaceutical distributors responsible for their role in the opioid crisis and fighting the federal government on its tax plan and policies on immigration, abortion, the environment and health care.

The conservative increase in outlays is prudent given vicious likely spending cuts from Washington and a federal tax plan that could hammer the state's economy.

Congressional Democrats in New York are criticizing a federal budget approved by the House on Thursday that paves the way for a tax reform plan that could include the elimination of the state and local deduction, or SALT.

Cuomo has been speaking out nearly every day against a proposal in the federal tax overhaul plan to eliminate state and local tax deductions from federal income tax filings.

Trump's plan to do away with state and local deductions on federal income tax returns would disproportionately affect New York residents that itemize their taxes, according to the state Comptroller's Office.

There is a great deal of uncertainty surrounding that budget as Governor Andrew Cuomo continues to consider what exactly to propose in terms of overhauling the state tax system in response to the new federal tax code, which has especially significant ramifications for New York, and in terms of a congestion pricing plan for New York City.

Several Democrats also indicated that changes to the state tax code, designed as workarounds on new federal limits on the deductibility of state and local taxes, will be part of the spending plan in some form.

He said he is seeking a deal with the IRS to settle his tax debt for less than the full amount and that he plans to work with the state to settle his debt if the federal effort is successful.

«The federal tax plan is a devastating and targeted attack on New Yorkers that threatens the economic competitiveness of our state,» Cuomo said.

This year, in a speech that included applause for Cuomo's criminal justice reform efforts such as strengthening state oversight of jail and his plan to fight the federal government on the tax law, Cuomo sought to give shootouts to individual members of the Legislature and praise Attorney General Eric Schneiderman as well as DiNapoli.

We do know Sen. Latimer will raise taxes / fees on Westchester residents, he'll have to do that to pay for all the spending he's got planned, Latimer's notion that Westchester can simply get more federal and state aid to fund his spending plans is also rather stupid.

Cuomo interpreted the victories by Democrats in New York as a rejection of President Donald Trump, congressional Republicans and a GOP - backed tax plan on the federal level he has criticized for its potential to have a negative impact on the state.

In addition to federal funding being at risk, the tax reform plan proposed by Trump and the GOP, which will eliminate a popular state and local tax deduction on which high - tax states such as New York, New Jersey, California and Virginia depend.

WASHINGTON — President Donald Trump's plan to take away the federal deduction for state and local taxes will hit hard in New York, but the pain will be spread unevenly among taxpayers across the state, tax experts say.

In a conference call, New York Gov. Andrew Cuomo said the federal tax overhaul plan that severely restricts state and local tax deductions is «political retaliation» against 12 states that are run by Democrats.

WASHINGTON, D.C. - New York taxpayers stand to lose about $ 68 billion that they now deduct from their federal taxes if President - elect Donald Trump and House Speaker Paul Ryan move forward with their tax reform plans next year, according to state officials and tax experts.

The tax overhaul plan proposed by President Trump and now being considered in Congress would end the deduction on federal income tax forms for state and local property taxes.

Cuomo in the coming week is expected to unveil at least a partial plan in an attempt to do an end - run around the new federal tax law that restricts what people can deduct in state and local taxes, such as property taxes.

ALBANY — New Jersey and Connecticut are joining New York in planning to sue Washington over the Republican - led federal tax overhaul, the Democratic governors of the three states announced Friday.

Cuomo also outlined plans to deal with the federal tax changes that result in the loss of the state and local tax deductions, which hits New York and other relatively high tax states hard.

The state's governor and senior senator teamed up to urge New York's congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state's taxpayers and New York's economy.

Cuomo is a moderate to liberal Democrat, but many Republicans in the state are also against the federal tax plan, including five of the state's nine Republican Congressmen and women.

Heastie says he agrees with Cuomo's plan to create a payroll tax to make up for the loss of some state and local tax deductions, in the federal tax overhaul.

The governor also plans to preview legislation that would provide tax relief to property owners, a key issue in light of the federal move to reduce state and local property tax deductions.

ALBANY — Local mayors from across New York are the latest to join a chorus of opposition to federal Republican tax plans that call for elimination of state and local tax deductions.

Andrew Cuomo of New York, Dannel Malloy of Connecticut and Phil Murphy of New Jersey announced Friday that they're talking to leaders of other states that stand to be hurt by the federal tax plan that's expected to cost taxpayers in their states billions of dollars.

Groups opposing the federal tax overhaul plan held a demonstration Friday at the State Capitol, chanting «kill the bill,» and saying the measure is bad for New York and the nation.

Democratic 2016 frontrunner Hillary Clinton rolled out a plan to boost manufacturing in the United States and assist recovering post-industrial communities, part of a package of tax credits and federal research funding.

New York taxpayers could be on the hook if state and local deductions are eliminated by the federal government, as backed by Trump's tax plan.

If taxpayers and lawmakers were expecting that a new 37 - page report from the state Tax and Finance Department would provide a definitive road map of how New York might sidestep the effects of Trump's new federal tax plan and its sharp reduction in the deductibility of state and local taxes, they instead got a view of just how complicated this Tax and Finance Department would provide a definitive road map of how New York might sidestep the effects of Trump's new federal tax plan and its sharp reduction in the deductibility of state and local taxes, they instead got a view of just how complicated this tax plan and its sharp reduction in the deductibility of state and local taxes, they instead got a view of just how complicated this is.

By Sean Ryan Planners of the Kenosha - Racine - Milwaukee commuter rail Monday gave up on waiting for state approval for transit taxes and chose to apply for federal planning money.