David Thompson predicts that designated parking spots for pastors in Charleston, the so-called "Holy City," may soon disappear as churches realize they can't afford a new tax on employee parking. "It's a 21 percent tax on that spot that says 'preacher parking,' " said Thompson, the vice president of public policy for the National Council of Nonprofits."The churches have said it's nuts, and we believe they're right," he said.A little-noticed provision in the Republican-driven federal Tax Cuts and Jobs Act created the new tax requirement for churches and charities which offer transportation-related fringe benefits, like parking, to their employees.Nonprofit employers, including schools like Charleston Southern University, hospitals like Roper St. Francis, and religious groups — churches, synagogues and mosques — will now have to pay a 21 percent tax on the parking they provide to their employees.The law went into effect last year, but 2019 is the first tax … [Read more...] about 21 percent federal tax on church, nonprofit parking spaces creating confusion in SC
Federal taxes us
WASHINGTON — New Jersey residents got back just 82 cents for every $1 paid to Washington in 2017, according to a new report. That means federal tax dollars paid by the residents of New Jersey and nine other states subsidize states across the nation. And that was before President Donald Trump signed legislation limiting how much in property and income taxes they could deduct from their federal taxes each year.The second annual study by the State University of New York’s Rockefeller Institute of Government, released Tuesday, found that New Jersey taxpayers fared worse than residents of almost every other state. Only Connecticut, at 74 cents, received less on a per person basis. And only New York, with $35.6 billion, had a bigger gap than New Jersey’s $21.3 billion when it comes to how much money went to Washington versus how much state residents got back.Since then, Trump and congressional Republicans enacted a tax law that capped the federal deduction for state and … [Read more...] about Lots of states mooch off New Jersey and your federal tax dollars. And Trump’s tax law could make it worse.
Grace Schneider Louisville Courier Journal Published 9:15 AM EST Dec 31, 2018 The leaders of several Louisville nonprofit organizations are hoping — praying actually — that when donors write year-end checks to charity this week, givers will feel as generous as they always do, despite big changes in the federal tax law that make dialing back donations very appealing. Under the Tax Cuts and Jobs Act of 2017, roughly 21 million households aren't expected to claim an itemized deduction for their gifts to nonprofits for this year, leading tax policy analysts to estimate a resulting shrinkage in charitable giving by $20 billion annually in the next two years. "We're hoping and trusting people will continue to support us, regardless of the tax law," said Stan Siegwald, a spokesman at Dare to Care, the area's largest food bank. Previously, most people itemized what they paid in state and local income taxes, mortgage … [Read more...] about Federal taxes 2018: Kentucky nonprofits worry about changes
Richard S. Lehman, Tax Attorney in Boca Raton, FL Richard S Lehman, Video on IRS Amnesty FATCA and FFI Reporting on Youtube Website of Richard S. Lehman, U.S. Tax Attorney Office, Richard Lehman, Tax Attorney in Boca Raton, FL Richard Sam Lehman, tax video on IRS Streamlined Compliance on YouTube Flexible Payment Plans for domestic and international clients with tax issues relating to Ponzi Scheme Loss and Federal Clawbacks United States Taxation and Immigration Law, LLC (N/A:N/A)Today’s United States tax laws offer significant tax savings that should be taken advantage of; both by United States taxpayers and international taxpayers who do business in many forms with the US”— Richard Sam Lehman, Tax Lawyer in FloridaBOCA RATON, FLORIDA, UNITED STATES, October 24, 2018 /EINPresswire.com/ -- Finding and retaining a lawyer can be difficult and stressful in many circumstances, however, it is further magnified in those cases involving clients who suffered significant loss … [Read more...] about Florida Tax Attorney Richard S. Lehman introduces Flexible Payment Plans for clients with Federal Tax issues
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Adam Sennott Globe Correspondent October 16, 2018 The owner of a Hyde Park auto body shop pleaded guilty to federal tax fraud charges on Monday, the US attorney’s office for the District of Massachusetts said Tuesday.Richard Poillucci, 62, of Easton, pleaded guilty to three counts of aiding the preparation of false tax returns for failing to report about $569,367 in income generated through his company, Automotive Specialties Inc., the US attorney’s office said in a statement. Poillucci avoided paying about $215,552 in federal income taxes by filing the false returns. Advertisement For each count, Poillucci faces a sentence of up to three years in prison, three years of supervised release, and a fine of $250,000, or twice the gross loss or gain, according to the statement. He is scheduled to be sentenced in January. Adam Sennott can be reached … [Read more...] about Hyde Park auto body shop pleads guilty to federal tax fraud charges