I was reading one of my favorite “popular” (non-technical) magazines the other day. In particular, the 27 November 2017 issue of Business Week.
I’m sure you’ve heard that the Senate version of the (creatively named) Tax Cuts and Jobs Act is now going to attack PPACA (Patient Protection and Affordable Care Act), affectionately (sic) known as Obamacare. But, if you don’t truly understand the intracacies of the bill, it will be difficult to discern how NOT collecting the tax penalty on those who don’t enroll in a health care plan can be used to reduce the deficit incurred by the behemoth of a bill. (Sorry for all those negatives- but that’s the true concept.)
As of right now, there is not a lot of data. But, at Simpson Field (Alexandria), where i coached many a little league team and where my children enjoyed playing, at least 50 shots have injured (and perhaps killed) aides and elected officials practicing for a Charity Congressional baseball game. Please pray for all injured and let’s get rid of these guns that so easily devastate our lives- and, now, even our dysfunctional government.
You did it! You held on for the seven posts. Today is the last one. Where we will learn about the changes to how long extensions may be (some are shorter and some are longer than before). Oh, and penalties- they’re going up. (Of course!)
So, yesterday things changed. In 20 of these United States, the minimum wage rate has changed- plus in the District of Columbia. Now, some (9, to be precise) states will be changing the future minimum wage rates automatically. But, the other 11- plus DC- are reacting to legislative mandates. (OK, New York changed its wage laws on 31 December.)
Three really bad things can happen to you when you file your tax return late. Before you jump up and down, please remember that if you file before the expiration of any extension you requested, you aren’t filing late. (But, you also need to know that filing an extension does not mean you have an extension to pay your taxes- they are still due on the original filing date for taxes; the 15th of March (business) or 15 April (individuals.) I am really discussing the situations when you elect to file your taxes a year late, a few year’s late….