Taxation in the United States

LifeYield Connects Social Security Optimizer to InsurMark’s Advisor Growth Platform

Retrieved on: 
Tuesday, July 6, 2021
Software, Seniors, Insurance, Human resources, Data management, Professional services, Technology, Consumer, Taxation in the United States, Liberalism in the United States, Social Security, LifeYield, InsurMark, LIFEYIELD, INSURMARK

LifeYield gives our advisor partners a better answer.

Key Points: 
  • LifeYield gives our advisor partners a better answer.
  • LifeYields Social Security+ technology integration with InsurMarks Hubbard platform enables advisors to show on demand the dollars-and-cents impact of an investors Social Security filing strategy, and how a spouses circumstances and other factors influence the optimal time for each individual to claim their benefits.
  • LifeYield coordinates and optimizes the levers of cost, risk, tax and Social Security to produce better financial outcomes and quantify the benefits in dollars and cents.
  • LifeYield Social Security+ software helps over 90,000 advisors plan optimal filing strategies as clients near retirement and provides guidance on how to build a comprehensive income stream.

Defiance Grants Stock Options

Retrieved on: 
Friday, July 2, 2021
Options, Employee stock option, Employee compensation in the United States, Taxation in the United States, Articles, Incentive stock option, Economy, OTC Markets Group, Incentive, Economics

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2021) - Defiance Silver Corp. (TSXV: DEF) (OTCQX:DNCVF) (FSE:D4E) ("Defiance" or the "Company") announces it has granted incentive stock options to certain directors and officers to purchase of an aggregate of 1,425,000 common shares of the Company at an exercise price of $0.90 (the"Options") in accordance with the terms of the Company's incentive stock option plan.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - July 2, 2021) - Defiance Silver Corp. (TSXV: DEF) (OTCQX:DNCVF) (FSE:D4E) ("Defiance" or the "Company") announces it has granted incentive stock options to certain directors and officers to purchase of an aggregate of 1,425,000 common shares of the Company at an exercise price of $0.90 (the"Options") in accordance with the terms of the Company's incentive stock option plan.
  • The Options are exercisable for a ten-year term expiring June 30, 2031 and vest as follows: one-third on the date of grant, one-third twelve months following grant date and one-third twenty four months following grant date.
  • The Company has also made certain grants to other employees and consultants in accordance with the terms of the Company's incentive stock option plan.
  • Defiance is managed by a team of proven mine developers with a track record of exploring, advancing and developing several operating mines and advanced resource projects.

New state budget increases allocation to PHFA Mixed-Use Development Tax Credit Program from $3 million to $4.5 million

Retrieved on: 
Thursday, July 1, 2021
Tax, Property tax, Tax credits, Taxation in the United States, Pennsylvania Film Production Tax Credit

HARRISBURG, Pa., July 1, 2021 /PRNewswire/ --The Pennsylvania Housing Finance Agency is pleased to announce that the newly signed state budget increases the allocation of tax credits for its Mixed-Use Development Tax Credit Program by $1.5 million to now total $4.5 million.

Key Points: 
  • HARRISBURG, Pa., July 1, 2021 /PRNewswire/ --The Pennsylvania Housing Finance Agency is pleased to announce that the newly signed state budget increases the allocation of tax credits for its Mixed-Use Development Tax Credit Program by $1.5 million to now total $4.5 million.
  • These tax credits will be used by the winning bidders which can be companies, organizations or individuals to reduce their state tax liability.
  • This state tax credit program was created as part of the commonwealth's fiscal year 2016/2017 budget (implemented July 1, 2017), and PHFA was directed to administer the credits.
  • More information about the mixed-use development tax credit and the current bidding process is available on the PHFA website (scroll down).

Mix of Affordable Housing Properties Capture Novogradac Honors

Retrieved on: 
Thursday, July 1, 2021
Affordable housing, Housing in the United States, Low-Income Housing Tax Credit, Taxation in the United States, Tax credit, Economy, Urban Land Conservancy, National Equity Fund, Inc.

The awards go to participants who strive for excellence in affordable housing, with properties financed by low-income housing tax credit (LIHTC) equity or with U.S. Department of Housing and Urban Development (HUD) funding.

Key Points: 
  • The awards go to participants who strive for excellence in affordable housing, with properties financed by low-income housing tax credit (LIHTC) equity or with U.S. Department of Housing and Urban Development (HUD) funding.
  • Culpepper Garden I in Arlington, Virginia, for Preservation of Existing Affordable Rental Housing.
  • "We continue to be impressed with how affordable housing developers find ways to creatively meet the needs in their communities," said Michael J. Novogradac, managing partner of national accounting and consulting enterprise Novogradac.
  • Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy.

First Trust Enhanced Equity Income Fund Issues Notice Regarding June 2021 Distribution

Retrieved on: 
Wednesday, June 30, 2021
Other Professional Services, Professional services, Finance, Economy, Money, Finance, Financial ratios, Income tax in the United States, Form, Rate of return, Return of capital, Taxation in the United States, Tax, IRS tax forms, Passive foreign investment company

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.

Key Points: 
  • The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Inequities From Property Tax Limits Grow With Rising Home Values, Report Shows

Retrieved on: 
Wednesday, June 30, 2021
Tax, Income tax in the United States, Property taxes, Income tax, Taxation in the United States, Property tax in the United States

The 50-State Property Tax Comparison Study explores several key factors influencing property taxes, providing a comprehensive analysis of effective property tax ratesthe tax paid as a percentage of market valuein 123 cities and towns in every U.S. state and Washington, DC.

Key Points: 
  • The 50-State Property Tax Comparison Study explores several key factors influencing property taxes, providing a comprehensive analysis of effective property tax ratesthe tax paid as a percentage of market valuein 123 cities and towns in every U.S. state and Washington, DC.
  • Cities with high local sales or income taxes do not need to raise as much revenue from the property tax and thus have lower property tax rates on average.
  • Cities with low property values need to impose a higher tax rate to raise the same revenue as cities with high property values.
  • Highest and Lowest Effective Property Tax Rates on a Median-Valued Home Among Largest Cities in Each U.S. State (2020)

From the Tax Law Offices of David W. Klasing - What is the IRS Targeting This Year (2021)?

Retrieved on: 
Wednesday, June 30, 2021
Tax, Taxation in the United States, Internal Revenue Service, Tax investigation, Certified Public Accountant, Tax evasion

Knowing who might be subject to more rigorous scrutiny can help you prepare for an intrusive criminal tax investigation or audit.

Key Points: 
  • Knowing who might be subject to more rigorous scrutiny can help you prepare for an intrusive criminal tax investigation or audit.
  • As a result, the IRS as a watchdog of the national treasury will be watching business deduction claims paid with PPP funds closely.
  • To make sure that you are protected, contact the California criminal tax defense attorneys and CPAs at The Tax Law Office of David W. Klasing today.
  • The agency has identified tax compliance related to online gambling as a priority for audit and criminal tax investigation.

Families can easily estimate their advance child tax credit payments with H&R Block’s online calculator

Retrieved on: 
Tuesday, June 29, 2021
Tax, Taxation in the United States, Tax credits, Taxation in the United Kingdom, Tax forms, Child tax credit, Calculator, Tax return, Internal Revenue Service, IRS tax forms

Now people can better understand how much money they might receive and the impact of the changes to their tax return next year, with the help of H&R Blocks new online calculator.

Key Points: 
  • Now people can better understand how much money they might receive and the impact of the changes to their tax return next year, with the help of H&R Blocks new online calculator.
  • The H&R Block child tax credit calculator at hrblock.com/CTC will help families estimate what to expect simply by inputting their filing status, 2020 income, and the number and ages of their children.
  • The calculator reflects the amount families can expect in monthly payments, July to December, and an estimate of the credit amount they may receive when they file their taxes next year.
  • There are also answers to common questions such as where the advance payments will be deposited, how to update information with the IRS, and the online child tax credit calculator .

MEDIA ALERT — From tariffs on tea to income taxes

Retrieved on: 
Monday, June 28, 2021
Accounting, Professional services, Taxation in the United States, Accountability, Constitutional law, No taxation without representation, Sovereignty, Tax, Articles, Income tax in the United States, Constitution of the United States, Income tax, Boston Tea Party

The American Revolution was in large part the result of Britain imposing taxes on the colonies without the colonies having representation in Parliament.

Key Points: 
  • The American Revolution was in large part the result of Britain imposing taxes on the colonies without the colonies having representation in Parliament.
  • The Constitution came about in substantial part due to the Articles of Confederations failure to give the federal government taxing power.
  • The federal income tax required a further amendment to the Constitution to become the law of the land.
  • After growing colonial opposition to taxation without representation, many of these taxes were repealed except the tax on tea.

Miller Shah LLP Announces Proposed Class Action Settlement on Behalf of Former Participants in the Novitex Enterprise Solutions Retirement Savings Plan

Retrieved on: 
Friday, June 25, 2021
Retirement plans in the United States, Individual Retirement Accounts, Finance, 401, Taxation in the United States, Money, Pension, Economy, Investment

TO: ALL FORMER PARTICIPANTS IN THE NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN, (THE "NOVITEX PLAN") WHO WERE PARTICIPANTS IN THE PLAN BETWEEN JANUARY 1, 2014 AND DECEMBER 31, 2018 (THE "SETTLEMENT CLASS PERIOD").

Key Points: 
  • TO: ALL FORMER PARTICIPANTS IN THE NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN, (THE "NOVITEX PLAN") WHO WERE PARTICIPANTS IN THE PLAN BETWEEN JANUARY 1, 2014 AND DECEMBER 31, 2018 (THE "SETTLEMENT CLASS PERIOD").
  • This Settlement will provide for a payment of $750,000, less any Court-approved fees and expenses, and administrative costs, to the Exela 401(k) Plan ("Exela Plan"), the successor-in-interest to the Novitex Enterprise Solutions Retirement Savings Plan (the "Novitex Plan"), which money will then be allocated to the accounts of former participants of the Novitex Plan who had accounts in the Novitex Plan during the Settlement Class Period.
  • You do not need to send in a claim or take any other action to participate in the Settlement.
  • Your share (if any) of the Settlement Fund will depend upon the amount and value of your Novitex Plan account(s) during the Settlement Class Period.