Supreme Court will decide billion-dollar question for online sales: Can states collect sales taxes on all purchases?

WASHINGTON — The Supreme Court announced Friday that it will consider allowing states to require all online sellers to collect sales taxes, revoking an old rule that costs states billions in lost revenues. The justices said they would hear an appeal from South Dakota and 35 other states that says the current “physical presence” rule is… Please follow and like us:

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Tax moves you may want to consider before the end of 2017

You probably already know that big changes in the tax code are going to take effect starting January 1, 2018. What you may not know is that there are still a number of things you can do over the few couple of days to potentially leverage those changes to your own benefit. And there are other… Please follow and like us:

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House tax bill will cap mortgage interest deduction, leave 401(k)s unchanged

WASHINGTON — The House GOP tax plan would dramatically lower the cap on mortgage interest deductions used by many Californians to loans on newly purchased homes totaling no more than $500,000, down from the current $1 million, according to a draft of the plan released Thursday. It would also immediately slash the corporate rate to 20… Please follow and like us:

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