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John J. Hart

Income tax

Your questions: Income tax | The financial express

John J. Hart May 24, 2022
By Chirag Nangia *I opted for the new tax regime at the beginning of the year 2021-22 and there is an excess tax deduction. How do I switch to the old tax regime when filing the ITR? —Atoul Khare It has been clarified by the CBDT that…
Property tax

Startups near state lines gravitate to reduced property tax side • News Service • Iowa State…

John J. Hart May 24, 2022
University Professor of Economics Peter Orazem at UIS. Bigger picture. Christopher Gannon/Iowa State University AMES, IA — Researchers at Iowa State University have found that vastly different state tax rates affect where new…
Estate taxes

Are TOD CD accounts subject to inheritance tax?

John J. Hart May 23, 2022
Certificates of deposit (CDs) are a low-risk way to save money for the short to medium term, and are a popular way for seniors to earn a modest return on their savings. As a result, CDs are often included in inheritance settlements,…
Income tax

German Ministry of Finance publishes final letter on tax treatment of cryptocurrencies

John J. Hart May 23, 2022
Almost a year after the initial announcement by the Federal Ministry of Finance (Bundesministerium für Finanzen or BMF) draftthe BMF has just published its last letter on the tax treatment of cryptocurrencies. Completed definitions As can…
Property tax

How Cities Can Fight CT’s Unfair Property Tax Rules

John J. Hart May 23, 2022
New Haven just won a big battle. April 5, Elm City approved historic agreement that would see Yale increase its next six annual payments to the city by millions of dollars. Although the agreement represents only a fraction of the…
Income tax

Chief Justice reviews trial court ruling in income tax case

John J. Hart May 21, 2022
Fadley Faisal On May 16, the High Court overruled a lower court order in an income tax case by finding the lower court's decision "untenable". Chief Justice Dato Seri Paduka Steven Chong reviewed the decision due to the prosecutor's…
Property tax

Seniors can apply now to defer 2022 property tax payments

John J. Hart May 21, 2022
Low-income BC seniors aged 55 and over can apply now to defer their 2022 property tax payments through the provincial government's property tax deferral program. Low-income BC seniors aged 55 and over can apply now to defer their…
Estate taxes

How Much Are Center County School Districts Raising Property Taxes?

John J. Hart May 20, 2022
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Property tax

Seniors can apply now for the deferral of the payment of the property tax 2022 | Life

John J. Hart May 20, 2022
VICTORIA – British Columbia homeowners age 55 and older can apply now to defer their 2022 property tax…
Income tax

The essential basics of income tax in India

John J. Hart May 20, 2022
Income tax is a levy imposed by the government on your total income. Whether you are an employee, self-employed or business owner, you will have to pay income tax depending on the category to which your income tax bracket belongs.It can be…
Property tax

Governor Reminds Wyoming Residents of Property Tax Refunds Available Under New Law; deadline is…

John J. Hart May 18, 2022
Governor Mark Gordon delivers his State of the State Address to the 2022 Joint Session of the Wyoming State Legislature. (Dan Cepeda, Oil City) CASPER, Wyo. - Wyoming residents have until…
Estate taxes

Notice of property taxes due – Royal Examiner

John J. Hart May 18, 2022
Warren County Board of Supervisors Chair Cheryl Cullers opened the open session of Tuesday night's regular meeting by commenting on how pleased she was to see a good turnout from those in attendance for May 17.and Meet. By…
Income tax

Your questions – Income tax: NRIs can claim benefits under tax treaties

John J. Hart May 18, 2022
By Chirag Nangia I have been working in Zambia since 2000 and send my salary to my NRE account in India. Is it taxable in India? If it is taxable, in which section should I indicate it when filing the computerized declaration?—RajaIt…
Property tax

Governor Polis Signs $700 Million Property Tax Relief Bill, Another Legislation Aimed at Cutting…

John J. Hart May 16, 2022
Gov. Jared Polis on Monday signed a series of bills that supporters say will save Coloradans money,…
Property tax

Pima County Property Tax Rate to Decrease Slightly in Fiscal Year 2023 | Government and politics

John J. Hart May 15, 2022
As Pima County prepares to pass its budget for the next fiscal year, it discusses the annual property tax rate it will charge to fuel much of the budget spending.The property tax rate under the proposed budget for fiscal…
Estate taxes

Warrenton council votes to equalize property taxes; mayor, top executives worry

John J. Hart May 14, 2022
Left to right, Warrenton Councilman William Semple (Ward 2), Mayor Carter Nevill, Councilor Brett Hamby (Ward 3) and Vice Mayor James Hartman (Ward 4) vote on a motion to equalize the rate the city's property tax office at a May 10…
Income tax

Sena chief Yashwant Jadhav’s cup of woes overflows with income tax department expanding…

John J. Hart May 14, 2022
Shiv Sena leader and BMC Standing Committee Chairman Yashwant Jadhav is overflowing with the Income Tax (IT) Department expanding the list of properties acquired during the Covid19 pandemic lockdown from 36 to 56, with jewelry…
Property tax

PA officials call for strengthening rental property tax rebate program

John J. Hart May 13, 2022
Pennsylvania lawmakers and community leaders gathered in Montgomery County on Wednesday, urging the General Assembly to use unspent $204 million US rescue plan funds to help seniors through property taxes and rent…
Income tax

UAE: Ministry of Finance consultation paper on corporation tax

John J. Hart May 12, 2022
After the announcement of the introduction of a federal corporate income tax in the UAE ("ICT”) on January 31, 2022, the United Arab Emirates Ministry of Finance (“Ministry of Finance”) recently published a public consultation document on…
Property tax

City won’t increase tax rates or fees, but property tax increases with inflation

John J. Hart May 12, 2022
City of Statesboro staff is proposing a budget for fiscal year 2023 that does not include any increase in municipal tax rates or fees. However, it is enjoying an estimated 7% growth in property tax revenues and is expected to draw more…
Property tax

Pennsylvania governor calls for property tax relief package

John J. Hart May 11, 2022
Governor Wolf asks the General Assembly to invest in older Pennsylvanians and people with disabilities through a property tax relief programHarrisburgPA (STL.News) Governor Tom Wolf was joined by Rep. Steve Malagari, Senator Maria Collett…
Income tax

Income tax filing deadline is approaching

John J. Hart May 11, 2022
It's May again, which means the deadline for submitting our annual tax return is fast approaching. Avoid sticking to the last minute – if you are earning income from various sources and/or from abroad, it can sometimes get a bit…
Income tax

Income Tax: Should I Advertise for a Maternal Health Fund? – 05/10/2022

John J. Hart May 10, 2022
I pay for my mother's health insurance. The invoice is in my name. Can I deduct these expenses? (NBC) As an insured person, you cannot deduct amounts related to your mother if you declare it separately. Your mother can be…
Property tax

Shimla MC names and shames property tax defaulters : The Tribune India

John J. Hart May 10, 2022
Tribune press service Subhash RajtaShimla, May 9The Shimla Municipal Corporation has resorted to exposing and shaming property tax defaulters. With…
Income tax

Wyoming leaders discuss property tax increases after failed income tax proposal

John J. Hart May 10, 2022
WYOMING, MI — Wyoming city leaders are considering several different property tax increase options to offer voters to fund approximately $6 million in annual public safety and parks needs.The discussion in the Wyoming City Council on…
Income tax

Avon mayor still hopes to preserve future parks, despite income tax failure

John J. Hart May 9, 2022
AVON, Ohio — Mayor Bryan Jensen remains hopeful the city will be able to preserve land for future parks, even as voters on May 3 rejected an income tax hike that would have paved the way to this future.The city was seeking a 0.15% increase…
Property tax

Texas voters approve two modest property tax relief measures

John J. Hart May 7, 2022
Subscribe to La Brèveour daily newsletter that keeps readers informed of the most important news from Texas.As the state's housing market rages, Texas homeowners will enjoy a slight reduction in their property tax bills after Texas voters…
Income tax

New income tax system: is the reduced tax rate option right for you?

John J. Hart May 7, 2022
There is a lot of confusion about the new tax regime. People are not able to decide which one to go for. The new tax regime is available only to individuals as well as to a HUF whether you are resident or non-resident and is…
Property tax

Have a question about property tax in Texas? As the protest deadline approaches, we ask Glenn

John J. Hart May 6, 2022
For someone trying to save you money, Glenn Goodrich has an appropriate last name.He is a licensed property tax consultant and founder of Propertytax.ioa unique company that prepares protest packages for customers.The watchdog gets many…
Property tax

Governor Celebrates Property Tax Cuts for Kansas Residential Properties with Ceremonial Bill Signing

John J. Hart May 5, 2022
TOPEKA — Governor Laura Kelly ceremoniously signed legislation at a Topeka home on Wednesday to celebrate the bipartisan passage of Bill 2239, which cuts property taxes. It provides additional tax relief to Kansas veterans and seniors…
Estate taxes

Virginia Beach, Don’t Raise Property Taxes During High Inflation – The Virginian-Pilot

John J. Hart May 4, 2022
More revenue is going to the resort, and the budget proposed by the Virginia Beach City Council increases property tax revenue by 12%.Meal tax revenue increases by 43%, which we pay when we buy a Happy Meal at McDonald's or a pre-cooked…
Income tax

No lower property tax, no city income tax

John J. Hart May 4, 2022
WYOMING, Mich. — Two ballot proposals failed Tuesday that would have cut property taxes and enacted a city income tax. Both proposals had to be approved for either to pass. The first proposal would have reduced property taxes in the town,…
Property tax

Property tax assessments for the Natrona County Mail Wednesday; valuations up around 15%

John J. Hart May 4, 2022
Assessor Matt Keating meets with the Natrona County Commission 4/5/22 (Gregory Hirst, Oil City) CASPER, Wyo.– Natrona County property tax assessment notices will be issued by the assessor's office on Wednesday, May…
Income tax

A 1% income tax is on the ballot again in Beavercreek, Ohio

John J. Hart May 2, 2022
Beavercreek is one of only three cities in Ohio with no income tax. However, that could change after voters head to the polls on May 3. In nearly 40 years, this is the fifth time the controversial…
Property tax

JOEL BLAU: Nova Scotia’s non-resident property tax badly misses the mark

John J. Hart May 2, 2022
Joel Blau Joel Blau is Emeritus Professor of Social Policy at Stony Brook University School of Social Welfare, Stony Brook, NY, where he has taught public policy for the past 40 years. He is the author of, among…
Income tax

Inherited house bought by the father and you want to sell it? Income tax rules explained

John J. Hart Apr 30, 2022
My father bought a house in 1995. He died in 2009. We are three brothers who inherited the house equally. I bought one brother's share in 2013 and another brother's share in 2014. Now I have become the owner of the whole building.…
Property tax

Recover 90% of property tax assessments this fiscal year, government tells Mcg | Gurgaon News

John J. Hart Apr 29, 2022
Gurgaon: Highlighting the poor performance of the MCG in property tax collection over the past fiscal year, the Urban Local Bodies Department (ULB), Haryana has ordered the MCG to recover at least 90% of the unpaid property taxes in…
Property tax

Recommended lower property tax rate in Pinehurst | News

John J. Hart Apr 29, 2022
Property owners in Pinehurst, which have long enjoyed Moore County's lowest property tax rate, may soon see…
Income tax

The Implied Receipt Doctrine – Income Tax

John J. Hart Apr 29, 2022
April 29, 2022 law of the free man…
Property tax

What property tax will I pay on a second home in Turkey?

John J. Hart Apr 28, 2022
Every week, Mansion Global poses a tax question to real estate tax lawyers. Here is this week's question. Q: I am a resident of Great Britain and am looking to buy a second home in Izmir, Turkey.What are the property taxes like!-- >!-- >!-- >!-- >…
Income tax

Tax traps for start-ups with no income – Tax authorities

John J. Hart Apr 28, 2022
To print this article, all you need to do is be registered or log in to Mondaq.com. It has been said that two things in life are certain: death and taxes. Although a corporation can cheat death, taxes are certain and if…
Estate taxes

Lacson vows to collect unpaid inheritance tax if elected │ GMA News Online

John J. Hart Apr 27, 2022
ORMOC CITY, Leyte -- Presidential candidate and senator Panfilo Lacson pledged on Wednesday to demand payment of unpaid inheritance tax if elected at Eleksyon 2022. The legislator made the promise when an attendee at their town hall…
Estate taxes

Isko reveals it’s his idea to raise Marcoses’ unpaid property taxes

John J. Hart Apr 27, 2022
Metro Manila (CNN Philippines, April 27) – Aksyon Demokratiko presidential candidate Isko Moreno has revealed that it was his idea to raise the Marcos family's unsettled property taxes in public. "I personally brought it up, not my band,"…
Property tax

VN will study property tax as part of comprehensive tax reform

John J. Hart Apr 27, 2022
VIETNAM, April 27 - A tax on real estate assets will be considered as…
Income tax

Your questions – Income tax: No HRA tax benefit if only the spouse stays in the rented…

John J. Hart Apr 26, 2022
By Chirag Nangia I live in Japan on a long-term deputation. My wife stays in India. Can I claim HRA benefits from my company for the rent I pay for my wife's stay in India? My company in India deducts hypotax from my salary.— Sudheer…
Property tax

When will Cook County property tax bills be late?

John J. Hart Apr 25, 2022
Best-case scenario, Cook County Council member says: mid-November, "if everything goes perfectly", with a strong possibility that bills won't be due until January, a full six months beyond the normal August 1 . . Today's hearing was…
Income tax

How did the 1857 revolt sow the seeds of income tax law in India? All you need to know

John J. Hart Apr 25, 2022
New Delhi | Manich Mishra: If you are employed and your income is more than Rs 2.50 lakh, you have to pay income tax to the government. Do you know that income tax is linked to the 1857 revolt against British rule? You will be surprised…
Property tax

Letter: Limiting property tax would help seniors | Letters to the Editor

John J. Hart Apr 23, 2022
On “St. Charles County Leaders Call on State Legislators to Stop Phasing Out Personal Property Taxes” (April 8): I believe a personal property tax cut won’t do much -thing, if anything, for any of us. However, capping property taxes will.…
Estate taxes

Pay your property taxes or you could lose your home.

John J. Hart Apr 23, 2022
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Income tax

Benami Law vs Income Tax Law: Perception and Reality – Opinion

John J. Hart Apr 22, 2022
It is said that perception is stronger than reality. Perception is what we perceive with our senses in the presence of some level of consciousness. Since our early childhood, our repository of notions continues to be built up on the basis…
Income tax

Itr forms: Income tax return forms for fiscal year 2021-22: 9 changes requiring additional…

John J. Hart Apr 22, 2022
The Income Tax Department has notified the Income Tax Return Forms (ITR) for the 2021-22 fiscal year or AY 2022-23. A tax year (AY) is the year followed by the fiscal year and AY is the year in which income earned by an individual during…
Property tax

People are worried about rising property assessments | Kentucky News

John J. Hart Apr 22, 2022
MCCRACKEN COUNTY, KY - This is a shock. That's what some McCracken County homeowners are saying after…
Income tax

A guide to rental income tax for residential properties

John J. Hart Apr 21, 2022
With the April 30 deadline fast approaching, many will be rushing to file our tax returns. As you check off your checklist, you may be wondering if you forgot any taxable items. If you are a landlord and you rent your premises, did you…
Estate taxes

How the Rich Use Loans to Pay Estate Taxes Without Selling Their Inheritance

John J. Hart Apr 20, 2022
Cash-poor but asset-rich families can use loans to pay property taxes rather than selling inherited assets. For those with illiquid estates, they can even deduct…
Property tax

The Day – Norwich considering tax breaks to convert historic Hale Mill into hotel

John J. Hart Apr 20, 2022
Norwich – A $26 million project to convert the historic old Hale Mill into a hotel could benefit from a property tax abatement under the city's Mill Improvement Incentive Scheme , with construction ready to start pending council!-->…
Property tax

7 commercial property tax tips after the pandemic

John J. Hart Apr 19, 2022
Record commercial real estate trading activity in 2021 is having a marked impact on property values ​​in 2022. Transactions in 2021 were up 88% from 2020 and were 35% above 2019 levels, according to Ernst & Young. The large number of…
Estate taxes

Remembrances of paying income, property taxes

John J. Hart Apr 19, 2022
Beating last Monday's deadline to file tax returns reminded me of a recent decision by Comelec. "Failure to file tax returns is not inherently wrongful in the absence of a law punishing it." In crafting this, commissioners Aimee Ferolino…
Income tax

Two Major Changes to Beavercreek’s Income Tax Levy in May Election

John J. Hart Apr 18, 2022
BEAVERCREK, Ohio (WDTN) — The May 3 primary is two weeks away. In Beavercreek, voters will decide whether the city will impose its first income tax. Voters declined a similar levy in November, but city officials say they have…
Income tax

County closes in on income tax cut deal

John J. Hart Apr 17, 2022
April 17 - CUMBERLAND - Allegany County officials announced Thursday that they are closing in on an agreement on income tax rate reduction plans.The Allegany County Board of Commissioners discussed a rate reduction, sometimes called a…
Estate taxes

Property tax relief for residents of Saint-Louis

John J. Hart Apr 16, 2022
ST. LOUIS, Mo. — The Real Estate Tax Relief Fund helps address the displacement of St. Louis homeowners who are unable to pay their property tax bills. After a great start in just over a month, the mayor's office has decided to…
Property tax

NMC to develop mobile app to boost property tax collection

John J. Hart Apr 16, 2022
Staff reporterTo boost property tax collection, Nagpur Municipal Corporation (NMC) is developing an application to bring access to tax database at fingertips for citizens as well as tax assessors. The property tax monitoring mobile app…
Property tax

Prop 13 analysis shows wealthier, whiter neighborhoods pay less property tax

John J. Hart Apr 15, 2022
By Jesse Bedayn Cal Matters According to a new report based on a study by the Tax Fairness Project and the San Francisco Bay Area Planning and Urban Research Association. The report takes aim at Proposition 13, a 1978…
Income tax

Council approves income tax study to fund city schools

John J. Hart Apr 15, 2022
At Wednesday night's meeting, members of the Jersey City City Council approved a feasibility study of a possible income tax to fund the Jersey City School Board. He also greenlighted a residential development project on Route 440,…
Estate taxes

Quaker Valley School District to raise property taxes by 2.9%

John J. Hart Apr 14, 2022
Property owners in the Quaker Valley School District should expect to see a 2.9% property tax increase as a result of next school year's budget. Board members voted unanimously to approve the proposed final budget for 2022-23 on April 12.…
Property tax

🌱 Property Tax Increase for New Owners + LHS Softball Wins

John J. Hart Apr 13, 2022
Hello again, Cedar Park-Leander! Important Update: All of you as readers have made Cedar Park-Leander Daily such a success that I am honored to announce the next phase of the newsletter. The fix is looking for a local writer and…
Estate taxes

Property taxes boost number of first-time home buyers in BC, report finds – BC News

John J. Hart Apr 12, 2022
More first-time buyersGraeme Wood, Glacier Media - April 12, 2022 / 2:01 PM | History: 365827 Photo: archive photo BC's NDP government introduced three new tax measures during its first term and Statistics Canada now says there is…
Estate taxes

Be aware of applicable inheritance tax laws

John J. Hart Apr 12, 2022
If you've thought about estate tax for as long as I have, you'll remember the estate tax exemption of $600,000 per person. Twenty-five years ago, many more people than today had to consider "death tax." Many…
Property tax

NYS Budget offers property tax rebate

John J. Hart Apr 11, 2022
by: Amal Tlaige Post : April 11, 2022 / 5:58 p.m. EDT Update: April 11, 2022 / 10:46 p.m. EDT ALBANY, NY (NEWS10) - The state budget is now providing 2.5 million…
Income tax

The Role of Income Tax in Nation Building

John J. Hart Apr 11, 2022
By Tashriq Ahmad Each country must have infrastructures and equipment for its citizens which must correspond to their standard of living. It requires a large amount of money to create advanced infrastructure and provide better facilities…
Property tax

State lawmakers seek to expand property tax exemptions for disabled veterans

John J. Hart Apr 10, 2022
By MADISON HIRNEISEN THE CENTER SQUARE (The Center Square) — California lawmakers on Thursday passed two separate measures proposing extensions to tax exemptions for disabled veterans. Senate Bill 1073, authored by Sen.…
Income tax

Itr Deposit: Income Tax Rules for Crypto, Virtual Digital Assets You Need to Know

John J. Hart Apr 10, 2022
The government is working on a cryptocurrency taxation FAQ, which will provide nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said.…
Property tax

Time is running out to apply for a property tax reduction

John J. Hart Apr 8, 2022
BOISE, Idaho (KIFI) — Monday, April 18 is the last day for some homeowners and disabled veterans to apply for relief from their 2021 property taxes. They must submit completed applications!-->!-->…
Property tax

California lawmakers seek to expand property tax exemptions for disabled veterans | California

John J. Hart Apr 7, 2022
(The Center Square) — California lawmakers on Thursday passed two separate measures proposing extensions to…
Income tax

‘I refuse to pay my federal income tax,’ says Westchester resident, who wants to spend…

John J. Hart Apr 7, 2022
Tony Futia By Dan Murphy The Internal Revenue Service, IRS, has always been regarded by Americans as the least popular government agency. Mark Twain said it best when he joked, "What's the difference between a…
Income tax

What Are My Options for Getting a Tax Refund Loan?

John J. Hart Apr 7, 2022
Many people associate filing federal income taxes with receiving a return. According to the IRS, the average tax refund in 2021 will be $2,800 (up from $2,500 in 2020). Taxpayers frequently use this money to supplement their retirement!-->…
Income tax

Rental income: tax benefits available to owners

John J. Hart Apr 6, 2022
Rental income falls within the scope of income tax laws in India. If you own a property and have rented it out to someone, you need to understand how to reduce your tax burden. Rental income from property investments can make a big…
Property tax

Bexar County Commissioners Support Public Awareness Campaigns on Property Tax Assistance and Mail-in…

John J. Hart Apr 6, 2022
Bexar County Tax Assessor-Collector Albert Uresti told county commissioners on Tuesday that eligible property taxpayers in arrears can apply for assistance, but accessing the application is difficult…
Estate taxes

Marcoses is not insolvent: Koko requests an investigation into Marcos’ property taxes

John J. Hart Apr 5, 2022
Presidential aspirant Bongbong Marcos Jr. visits Guiguinto, Bulacan as part of the election campaign on March 8, 2022. Mark Demayo, ABS-CBN News MANILA — The Senate's proposed investigation into the Marcos family's…
Property tax

Solan Municipal Corporation issues notices to 45, just three property tax filings: The Tribune India

John J. Hart Apr 5, 2022
Tribune press service Ambika SharmaSolan, April 4Only three of the 45 defaulters filed their pending property taxes after notices were issued in…
Income tax

Connecticut Bills May Bring Changes to Property and Income Tax Calculations | national news

John J. Hart Apr 4, 2022
(The Center Square) - As inflation hits 40-year highs, Connecticut lawmakers are considering a set of bills…
Property tax

FOR YOUR CONSIDERATION: What you can do about your property assessment | Columns

John J. Hart Apr 3, 2022
Your property assessment has just arrived and you are shocked. How on earth has your property value…
Income tax

Return more state income tax to local government

John J. Hart Apr 3, 2022
Few Illinoisans realize this, but when the state created an income tax, it promised it would return some of your income taxes to the community where you live. These…
Estate taxes

Does tax season make you think about estate taxes?

John J. Hart Apr 3, 2022
When I meet with clients to discuss their estate planning documents, the issue of taxes is always part of the discussion. Broadly speaking, there are three categories of taxes to consider when planning an estate:!-->…
Property tax

Business News | Stock and Equity Market News | Financial news

John J. Hart Apr 2, 2022
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Income tax

Wilmington Schools Seek Income Tax Renewal

John J. Hart Apr 1, 2022
WILMINGTON — With the May 3 primary election approaching and an existing levy up for renewal, the Wilmington City Schools (WCS) treasurer presented a financial report at this week's school board meeting. The WCS District is seeking to…
Estate taxes

Tulfo says Filipinos must pay inheritance tax, but walks away from Marcoses tax issue

John J. Hart Apr 1, 2022
Metro Manila (CNN Philippines, April 1) — Senate candidate Raffy Tulfo believes that all Filipinos should settle their inheritance tax. But a similar issue involving the heirs of late dictator Ferdinand Marcos has simply become "too…
Property tax

Oswego County Settles with Mexico, Considers Property Tax Exemption for Seniors, Allows More Money…

John J. Hart Apr 1, 2022
OSWEGO COUNTY — Three issues of interest were raised during the March 10-16 meetings of the county…
Income tax

Billionaires’ income tax would make them pay their fair share

John J. Hart Mar 31, 2022
Opinion: Some assume there is no solution to the gap between the ultra-rich and the average American. There is: The billionaire income tax.Erin Scharf | opinion contributorToday, 11 Arizonans have nearly as much wealth like all of the…
Estate taxes

Duterte at BIR: Go after unpaid property taxes

John J. Hart Mar 30, 2022
President Rodrigo Roa Duterte speaks with the people after holding a meeting with key government officials at the Arcadia Active Lifestyle Center in Matina, Davao City on March 29, 2022…
Estate taxes

Sara refuses to elaborate on dad’s property tax comment

John J. Hart Mar 30, 2022
Vice-presidential candidate Davao Mayor Sara Duterte addresses the crowd during the large "UniTeam" rally held at the WES Arena in Punturin, Valenzuela city, on February 10 2022. George Calvelo, ABS-CBN News/File …
Estate taxes

Marcos’ “Unpaid Property Taxes”: The Biggest Lie of This Election Season

John J. Hart Mar 30, 2022
Read this in the Manila Times digital edition. THE 203 billion pesos that presidential candidate Isko Moreno Domagoso and retired judge Antonio Carpio have…
Property tax

Governor Calls on Lawmakers to Invest More in Property Tax Relief Program

John J. Hart Mar 29, 2022
Gov. Tom Wolf was joined by Rep. Steve Samuelson in calling on the Pennsylvania General Assembly to immediately use $1.7 billion in unspent dollars from the American Rescue Plan Act to help older Pennsylvanians and people with disabilities…
Income tax

How cryptocurrency investors will be taxed from April 1

John J. Hart Mar 29, 2022
Income Tax Calculator: Starting April 1, 2022, many changes to income tax rules announced in the 2022 budget will be implemented across the country. The new tax law on cryptocurrency and other digital assets is one of…
Capital gain tax

KTBA offers up to 20% real estate capital gains tax

John J. Hart Mar 27, 2022
KARACHI: The Karachi Tax Bar Association (KTBA) has proposed up to 20% real estate capital gains tax with elimination of all exemptions and concessions. The KTBA, in its proposals for the 2022/2023 budget, suggested that the…
Property tax

Property tax undervaluation is a golden egg for some KMC officials

John J. Hart Mar 27, 2022
KAMMAM: Khammam Municipal Corporation (KMC) loses ₹15 crore per year in property tax due to three major flaws in its revenue department – ​​under-assessment of properties, abnormal delay in assessment of new properties and…
Estate taxes

Rio de Janeiro will accept Bitcoin for property taxes from 2023

John J. Hart Mar 27, 2022
The Brazilian city of Rio de Janeiro will officially begin accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, aka Imposto sobre a propriedade predial e territorial urbana (IPTU).As reported by…
Estate taxes

Bongbong Marcos spox on unpaid property taxes: It’s all about politics

John J. Hart Mar 26, 2022
Atti. Victor Rodriguez, chief of staff and spokesman for Ferdinand "Bongbong" Marcos Jr. PTV screenshot MANILA, Philippines — The Marcos family estate tax liability issue is simply being used to score political points for the upcoming…
Income tax

5 high-value cash transactions that can land you an income tax notice

John J. Hart Mar 26, 2022
Cash deposit into a savings bank account The cash deposit limit of a bank account is Rs 10 lakh. The Income Tax Department may issue an income tax notice to a savings account customer who deposits more than Rs 10…
Property tax

House Provides Property Tax Relief to Operators of Disability Certified Family Homes | Eye on Boise

John J. Hart Mar 25, 2022
The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic…
Income tax

Donations to Ukraine: review of corporate tax treatment in Spain and Poland

John J. Hart Mar 25, 2022
Since the start of the invasion of Ukraine, many companies have made donations to support relief efforts after the invasion. In this commentary, we review the main tax implications of these donations for Spanish or Polish resident…
Property tax

Property Tax Bills and Assessment Notices to be Mailed Friday for Douglas County | Local News

John J. Hart Mar 24, 2022
Alexandria, MN — Real estate values ​​in Douglas County are strong. “The continued demand for homes in the…
Estate taxes

Residential property taxes proposed by Loudoun County will be discussed at the March 24 city council…

John J. Hart Mar 24, 2022
Loudoun County and, by extension, the City of Middleburg are proposing to raise property taxes. This is the result of an increase in county-monitored and assessed land value assessments. A combination of inflation and a 10-25%!-->…
Income tax

Legislature seeks ways to eliminate state income tax in Mississippi – FOX13 News Memphis

John J. Hart Mar 23, 2022
DESOTO COUNTY, Miss. – How does a little more jingle in your pocket sound? This could be the case if you live in Mississippi. The Mississippi state legislature continues to seek a way to eliminate state income tax. Several northern…
Property tax

Applications Due April 18 for Property Tax Program | News

John J. Hart Mar 23, 2022
GRANGEVILLE — Low-income homeowners 65 or older, widowed, or disabled can get property tax relief through an…
Estate taxes

Can the daughter deduct property taxes on the house she inherited from her mother without a will?

John J. Hart Mar 23, 2022
She died two years ago. She wanted me to stay home as long as I wanted because I was the only person taking responsibility for her care.I have several brothers and sisters. All have their own house and have no desire to remove me from it.…
Estate taxes

Pimentel wants executive action on Marcos’ uncollected property taxes

John J. Hart Mar 23, 2022
Metro Manila (CNN Philippines, March 23) — Senator Koko Pimentel criticized the Bureau of Internal Revenue's (BIR) late collection of unpaid property taxes from the Marcoses, noting that the matter calls for executive action. "Executive…
Income tax

Income tax: you want to benefit from double deductions on investments, rental income, etc. ? Here…

John J. Hart Mar 22, 2022
People with high salaries not only have to pay taxes on wage income, but also on investment income as well as rent and other unearned income, etc. Persons with high salaries must not only pay taxes on wage income, but also on the returns…
Estate taxes

Palace refuses to comment on Marcos family’s unpaid P203-B property taxes

John J. Hart Mar 22, 2022
FILE. Former first lady Imelda Marcos (R) with children Ferdinand Marcos Jr. and Imee Marcos, singing the Philippine national anthem before the flag-draped casket bearing the remains of the late strongman Ferdinand Marcos…
Estate taxes

“Marcos property taxes don’t refute ill-gotten wealth”

John J. Hart Mar 22, 2022
Former President Ferdinand Marcos (center) poses with members of his family on January 15, 1986, namely: his wife Imelda; eldest daughter Imee and her then-husband Tomas Manotoc (right); youngest daughter Irene and husband…
Property tax

colonies: 15,000 houses in the colonies ready to pay property tax | Chandigarh News

John J. Hart Mar 21, 2022
Chandigarh: The Municipal Corporation (MC) is to bring settlement homes within the scope of tax to fill its dwindling coffers in a major move. Homes with an area of ​​500 square feet or more will have to pay property tax. A survey by the…
Income tax

Income tax 2022: How is the payment of rent declared?

John J. Hart Mar 21, 2022
Although the taxpayer paying the rent cannot deduct these expenses from income tax, the payments must be reported so that tax authority Review the data and ensure that the values ​​reported by the landlord and tenant are…
Estate taxes

Common Misconceptions Reported With Deceased Estate Taxes

John J. Hart Mar 21, 2022
Speaking in a recent podcast, Colonial First State Technical Services Manager Craig Day said that when a client dies, it's a common misconception that as long as the estate is held open, no beneficiary will 'needs to…
Property tax

Property tax relief available for Richmond seniors

John J. Hart Mar 19, 2022
RICHMOND, Va. (WRIC) — If you live in Richmond and are over 65 or disabled, you could get a significant reduction in your property taxes this year. The city is helping eligible homeowners complete their applications for a…
Income tax

I’m selling an apartment and buying another. Income tax rules explained

John J. Hart Mar 19, 2022
I have two small residential apartments. One was bought in 2001 and we lived there until 2017, then we moved to a smaller apartment bought in 2016 by taking out a housing loan. Now we want to buy a bigger house for self use…
Estate taxes

DOF pushes BIR to collect property taxes from Marcos heirs to generate more revenue for government

John J. Hart Mar 18, 2022
Metro Manila (CNN Philippines, March 18) — The Ministry of Finance is pushing the Bureau of Internal Revenue to collect the $203 billion in unpaid property taxes from the Marcos heirs to generate more revenue for the government, which…
Property tax

Republicans propose plan to uncap NJ property tax deductions

John J. Hart Mar 17, 2022
NEW JERSEY — A group of Republican New Jersey state lawmakers is proposing a plan that would give a boost to homeowners who pay more than $15,000 in property taxes.According to Senator Joe Pennacchio (District 26) and Declan O'Scanlon…
Income tax

More states are joining the bandwagon to cut income taxes

John J. Hart Mar 17, 2022
The South Carolina State House Getty Income tax cut bills continue to sweep through state legislatures in 2022. Remarkably, they do so in many cases with broad support from Democrats and Republicans alike. . In…
Estate taxes

Illinois Leaks | Rental property taxes for dummies –

John J. Hart Mar 16, 2022
Shelby County, IL. (ECWd) - the Property tax code is clear: tenants are responsible for paying property taxes on property they rent to an entity (local government) that is otherwise tax-exempt. We covered property taxes on…
Property tax

LA County waives property tax late fees for landlords with non-paying tenants

John J. Hart Mar 15, 2022
Start your day with LAist…
Income tax

S Corp M&A: Three Options for Solving Income Tax Problems

John J. Hart Mar 14, 2022
The boom in M&A, or M&A, activity throughout 2021 and into 2022 has consequently led to more S corporations as target companies for M&A transactions. S corporation status is a popular option for small businesses, as it provides…
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