Finding Peace and Rest Amidst Social Media Noise: Psalm 3:4-6 NKJV
I cried to the Lord with my voice, and He heard me from His holy hill. Selah. I lay down and slept; I awoke, for the Lord sustained me. I will not be afraid of ten thousands of people who have set themselves against me all around. Psalm 3:4-6 When we are overwhelmed or afraid, we can find rest and…
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Washington News: January – Week 3 – 2016
IRS Opens 2016 Tax SeasonIn IR 2016-05, the IRS announced that tax season will open on January 19, 2016. Because April 15 is Emancipation Day, taxpayers may file until Monday, April 18. There are two exceptions – taxpayers in Maine and Massachusetts will observe Patriot’s Day on April 18 and may file until April 19.IRS Commissioner John Koskinen expects this…
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Washington News: January – Week 2 – 2016
Dr. Ben Carson Proposes a Flat TaxFollowing in the path of ten presidential candidates of both parties, Dr. Ben Carson published his proposed tax reform plan on January 5, 2016.Carson proposes a 14.9% flat tax on income. He would protect those with lower incomes. They would pay a very small amount until they have reached 150% of the Federal Poverty…
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Washington News: January – Week 1 – 2016
Tax Reform in 2016?With the new year, optimism for tax reform again breaks forth in Washington. In January the Senate Finance Committee and the House Ways and Means Committee will embark on a journey toward major tax reform.But what is the realistic potential in an election year? The 2016 tax reform may reflect changes in international, corporate, personal and estate…
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Washington News: December – Week 4 – 2015
Tax Season on ScheduleIn a December 21 letter (IR-2015-139) the IRS announced the opening of tax season as scheduled on January 19, 2016. Taxpayers may file from January 19 until April 18, 2016. Because Friday, April 15, is Emancipation Day, the due date is Monday, April 18. Two exceptions are the states of Maine and Massachusetts — April 18 is…
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Washington News: December – Week 3 – 2015
Permanent IRA Rollover!The Protecting Americans From Tax Hikes (PATH) Act of 2015 was passed by votes of 318 to 109 in the House and 65 to 33 in the Senate. With bipartisan support, the bill makes permanent four tax extenders that help donors support their favorite charities. President Obama signed the PATH Act on December 18, 2015.The four permanent charitable…
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Washington News: December – Week 2 – 2015
Tax Extenders - Permanent or 2 Years? There were three developments this week that affect the pending tax extenders bill. First, negotiations continue by House and Senate members of both parties. House Ways and Means Chairman Kevin Brady (R-TX) stated, “All parties are negotiating in good faith.” Minority leader Nancy Pelosi (D-CA) emphasized that Democratic negotiators are very interested in…
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