Taxation in the United States

Tax Preparation Software Now Reviewed By WatchTheReview.com

Retrieved on: 
Monday, June 10, 2019

To solve the shortage of information in the current marketplace, Watch the Review has created in-depth overviews of leading tax preparation software.

Key Points: 
  • To solve the shortage of information in the current marketplace, Watch the Review has created in-depth overviews of leading tax preparation software.
  • Additionally, modern tax preparation software is constantly updated to account for the latest changes to the tax code.
  • Tax programs eliminate the need for most tax preparation activities by using advanced programs to automate the completion of tax returns.
  • The bottom line is that taxpayers from all walks of life who take full advantage of tax software can feel more confident in the accuracy of their tax preparation work while saving a significant amount of money.

IRS Commissioner Rettig to Address Nation's Largest Tax Prep Association

Retrieved on: 
Monday, June 10, 2019

APPLETON, Wis., June 10, 2019 /PRNewswire-PRWeb/ -- The National Association of Tax Professionals (NATP) is pleased to announce the scheduled appearance of IRS Commissioner Charles Rettig at its upcoming National Conference being held in Chicago from July 22-25.

Key Points: 
  • APPLETON, Wis., June 10, 2019 /PRNewswire-PRWeb/ -- The National Association of Tax Professionals (NATP) is pleased to announce the scheduled appearance of IRS Commissioner Charles Rettig at its upcoming National Conference being held in Chicago from July 22-25.
  • Commissioner Rettig's address to the tax professional crowd will focus on his observations from the first tax season since the implementation of the Tax Cuts and Jobs Act and the new Form W-4, as well as updates on IRS emerging issues and modernization plans.
  • Mr. Rettig was sworn in on Oct.1, 2018, making him the 49th commissioner of the IRS.
  • The NATP was formed in 1979 and is the nation's largest association dedicated specifically to excellence in federal tax preparation.

Urstadt Biddle Properties Inc. Reports Second Quarter Operating Results for Fiscal 2019

Retrieved on: 
Friday, June 7, 2019

(NYSE: UBA and UBP), a real estate investment trust, today reported its operating results for the three and six months ended April 30, 2019.

Key Points: 
  • (NYSE: UBA and UBP), a real estate investment trust, today reported its operating results for the three and six months ended April 30, 2019.
  • At April 30, 2019, the companys consolidated properties were 92.3% leased (versus 93.2% at the end of fiscal 2018) and 90.7% occupied (versus 91.7% at the end of fiscal 2018).
  • In last years second quarter, we received a $3.7 million lease termination payment from Acme at our Newark, NJ property.
  • This increase was the result of net operating income generated from property acquisitions in fiscal 2018 and the first quarter of fiscal 2019, as well as organic net operating income growth in our existing portfolio of investment properties.

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund and AllianzGI Equity & Convertible Income Fund Declare Quarterly Distributions

Retrieved on: 
Friday, June 7, 2019

The distributions will be payable on June 28, 2019 to shareholders of record on June 17, 2019 with an ex-dividend date of June 14, 2019.

Key Points: 
  • The distributions will be payable on June 28, 2019 to shareholders of record on June 17, 2019 with an ex-dividend date of June 14, 2019.
  • Additional information as applicable regarding the composition of the distributions will be made available at us.allianzgi.com/closedendfunds after the payable date.
  • In January 2020, Form 1099-DIV (or substitute Form 1099-DIV) will be sent to shareholders and will state the aggregate amount and tax characteristics of distributions for the 2019 calendar year.
  • It is anticipated that the Funds next quarterly distribution will be declared on or about September 6, 2019 and be payable on or about September 27, 2019.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Month of June, July, August and September 2019

Retrieved on: 
Thursday, June 6, 2019

The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.

Key Points: 
  • The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.
  • This press release is not for tax reporting purposes but is being provided to announce the amount of each Funds distributions that have been declared by the Board of Trustees.
  • For more information about the Funds, please call 1-888-777-0102 or consult the Funds web site at www.lmcef.com .
  • Legg Mason and its affiliates do not engage in selling shares of the Funds.

U.S. Bank Receives $70 Million in Tax Credit Allocations

Retrieved on: 
Wednesday, June 5, 2019

U.S. Bancorp Community Development Entity, LLC (USBCDE), the community development arm of U.S. Bank, received $70 million in tax credit allocations from the U.S. Department of Treasury to help address persistent gaps in economic outcomes in lower-income communities.

Key Points: 
  • U.S. Bancorp Community Development Entity, LLC (USBCDE), the community development arm of U.S. Bank, received $70 million in tax credit allocations from the U.S. Department of Treasury to help address persistent gaps in economic outcomes in lower-income communities.
  • The $70 million allocation is part of the $3.5 billion New Market Tax Credit (NMTC) Program from the Treasury.
  • The NMTCs provides a unique opportunity for us to invest in economic development projects that make a difference in our communities.
  • This is USBCDEs ninth allocation under the NMTC program, bringing its total community investment across the country to $795 million.

MEDIA ALERT: New College Graduates Face a Whole New World, Including a Whole New Tax World

Retrieved on: 
Monday, June 3, 2019

They may be moving for the first time from being dependents on their parents tax return to filing their own tax return.

Key Points: 
  • They may be moving for the first time from being dependents on their parents tax return to filing their own tax return.
  • College may have prepared you for your profession, but it may not have prepared you for tax proficiency, said Mark Luscombe, JD, LLM, CPA and Principal Federal Tax Analyst for Wolters Kluwer Tax & Accounting.
  • Here are some of the tax issues that college graduates should contemplate:
    Coordinate taxes with your parents.
  • You or your parents may have been getting tax breaks for tuition, fees and other college expenses while in school.

HVUT Form 2290 Filing is Now Open

Retrieved on: 
Monday, June 3, 2019

Each individual and business that owns a heavy vehicle in the US now needs to file the IRS Form 2290 to avoid penalties and stay compliant.

Key Points: 
  • Each individual and business that owns a heavy vehicle in the US now needs to file the IRS Form 2290 to avoid penalties and stay compliant.
  • Beginning on June 3, 2019 truckers are able to file their 2290 online in just a few minutes.
  • By pre-filing before July 1st, 2019, clients can be assured that their form is at the top of the list with the IRS.
  • Now, ExpressTruckTax pre-filing clients can also enjoy the additional time they have to re-submit if a completed Form 2290 is rejected by the IRS.

Bitauto Announces First Quarter 2019 Results

Retrieved on: 
Thursday, May 30, 2019

Net income attributable to Bitauto in the first quarter of 2019 was RMB32.5 million (US$4.8 million), compared to a net loss attributable to Bitauto of RMB167.6 million (US$25.0 million) in the corresponding period in 2018.

Key Points: 
  • Net income attributable to Bitauto in the first quarter of 2019 was RMB32.5 million (US$4.8 million), compared to a net loss attributable to Bitauto of RMB167.6 million (US$25.0 million) in the corresponding period in 2018.
  • Non-GAAP net income attributable to Bitauto in the first quarter of 2019 was RMB152.1 million (US$22.7 million), a 126.3% increase from the corresponding period in 2018.
  • Bitauto reported revenue of RMB2.73 billion (US$407.5 million) for the first quarter of 2019, representing a 26.0% increase from the corresponding period in 2018.
  • Net income attributable to Bitauto in the first quarter of 2019 was RMB32.5 million (US$4.8 million), compared to a net loss attributable to Bitauto of RMB167.6 million (US$25.0 million) in the corresponding period in 2018.

Center for Cyber Safety and Education Elects Two New Trustees

Retrieved on: 
Wednesday, May 29, 2019

Matt Loeb, CGEIT, CAE,ASAE,and James McQuiggan, CISSP, join four existing trustees in advising on the mission to bring online safety learning opportunities to families across the globe.

Key Points: 
  • Matt Loeb, CGEIT, CAE,ASAE,and James McQuiggan, CISSP, join four existing trustees in advising on the mission to bring online safety learning opportunities to families across the globe.
  • The Center is based in the U.S. as a 501(c)(3) charitable trust and its trustees are challenged to grow the global scope of the Center's mission.
  • The Center for Cyber Safety and Education is a nonprofit charitable trust committed to making the cyber world a safer place for everyone.
  • Our vision is supported by our commitment to educate and reach the general public through our charitable foundation The Center for Cyber Safety and Education .