By Marco Vigliotti iPolitics Tues., Feb. 5, 2019 The federal Conservatives are promising to immediately start negotiations with Quebec on moving toward a single tax return for the province if they form government after this fall’s election, though the Liberals say it’s an “empty promise” that threatens thousands of jobs. Tory Quebec lieutenant Alain Rayes moved a motion in the House on Tuesday calling on Ottawa to work with the province to implement a single tax return, arguing it would help reduce waste and slash the paperwork burden for taxpayers. Quebec is the only province that independently collects its own taxes, with all others delegating that responsibility to the Canada Revenue Agency. As a result, Quebecers must file separate returns to the federal and provincial governments. Conservative Leader Andrew Scheer has promised to allow Quebec’s revenue agency to collect federal taxes for the province if he becomes prime minister … [Read more...] about Tories promise single tax return for Quebec, though Liberals warn of job losses and logistical challenges
Help completing tax return
By David Barstow The New York Times Susanne Craig Russ Buettner Wed., Oct. 3, 2018 President Donald Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, legendary New York City builder Fred C. Trump, provided almost no financial help. But The Times’ investigation, based on a vast trove of confidential tax returns and financial records, reveals that Trump received the equivalent today of at least $413 million (U.S.) from his father’s real estate empire, starting when he was a toddler and continuing to this day. Much of this money came to Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts … [Read more...] about Donald Trump engaged in suspect tax schemes as he reaped riches from his father, investigation reveals
By Robb Engen Special to the Star Mon., April 16, 2018 Canadian taxpayers have until April 30 to submit their personal taxes for 2017. Despite that deadline fast approaching, many wait until the last minute to prepare and file their taxes. The good news for do-it-yourself tax filers is that basic tax preparation software is free and rather intuitive to use. Two of the main free software providers are TurboTax and SimpleTax. Here’s how they compare: TurboTax Free Company: TurboTax is part of the Intuit family and is Canada’s number one tax software, providing free options for Canadian tax filers for more than a decade. Article Continued Below Who it’s for: Anyone can use TurboTax Free as it works on PC or Mac and covers simple to complex tax situations. Features: TurboTax Free can instantly import tax information from the Canada Revenue Agency with Auto-Fill My Return. The software includes a complete A-Z list of deductions to make it … [Read more...] about Which free software should you use to file your income tax return?
Jakarta. Indonesia's tax office plans to spend hundreds of millions of dollars to update its outdated technology to boost low tax compliance and raise revenue collection in Southeast Asia's largest economy, the country's tax chief told Reuters. Indonesia completed one of the world's most successful tax amnesties in 2017, but its very success has created headaches. The tax office has to use old technology or even manual labor to deal with a wealth of new data, said Robert Pakpahan, director general of the finance ministry's tax department. A standard method of assessing companies' profit margins, for example, has to be done manually by tax officials, said Robert. "It should be done by machines, through automation so that it's accurate." The majority of Indonesia's more than 250 million people do not pay tax and many are not even familiar with the concept of paying. Only 38 million are registered taxpayers, including corporations, and less than a third submit tax returns. A nine-month … [Read more...] about Indonesia Goes Hi-Tech in Hunt for Tax Assets After Amnesty
Tax Day falls on April 17 this year, but you can file your taxes as soon as you have the correct forms from your employer. The IRS recommends filing your taxes online and requesting direct deposit for your tax refund. H&R Block and TurboTax both offer free tax filing if you made less than $66,000 in 2017. It’s mid-February – a full two months before tax day – and I’ve already filed my taxes using H&R Block. It feels great to have checked that daunting task off my to-do list, especially since I’ve already received my state tax refund via direct deposit and should be getting my federal tax refund any day now. Up to now, I had been using my parents’ accountant to file my taxes and he opted for the traditional pen and paper method rather than filing electronically. Last year, I was waiting for my tax refund to come in the mail for about two months before I realized … [Read more...] about Last year my tax refund was stolen — here’s what you should do so it doesn’t happen to you