Tag: tax reform
Democrats take final swipe at SALT cap before year’s end
WASHINGTON – House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But...
Survey: Most affluent taxpayers maintained charitable giving levels following tax reform
PROVIDENCE – In a recent survey conducted by Fidelity Charitable, 76% of affluent taxpayers said they gave about the same to charity in 2018,...
Corporate America is repatriating offshore cash at slower pace
WASHINGTON – Corporations brought $88.3 billion of overseas profits back to the U.S. in the second quarter, marking nearly $1 trillion that has returned since...
Sept. 12 last day to register for RIMA Congressional Manufacturing Summit
PROVIDENCE – Rhode Island Manufacturing Association will host a Congressional Manufacturing Summit at the Providence Marriott Downtown from 8-11 a.m. on Sept. 23.
Registration for...
Early tax preparation for pass-through entities
(Editor’s note: This is part 2 of a two-part column on new tax regulations for pass-through entities. See part 1 here.)
Last week’s column discussed...
Corporate America is repatriating a fraction of foreign profits
WASHINGTON – Corporations brought $100.2 billion of overseas profits back to the United States in the first quarter, marking $876.8 billion that has returned...
Five Questions With: Lynn O’Marra
Lynn O’Marra is a principal in the tax department of accounting firm BlumShapiro in Cranston. She has more than 20 years of experience providing...
Four states claim federal tax-deduction cap infringes rights
NEW YORK - Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and...
S&P 500 firms declared record dividend payouts last quarter
NEW YORK - One-third more S&P 500 companies boosted dividends in the second quarter compared to a year earlier, with record dividend payouts of $124...
How to rescue neighborhoods
More and more, American leaders are realizing that economic policies must be designed with a specific region in mind. Usually, the context is discussion...