News Archive for March 2006

Democrats vote out spending plan

on the tax portion of the $16 ... the car tax in this proposal. That ... motor vehicle tax in the coming weeks ... the public pension plan rallied across the ... The pension is approximately $5 billion underfunded ... in future tax increases, Genuario said. The ... a two-year tax and spending plan last

Thursday March 30 2006, 11:05PM

TM: Override vote ahead

the town's pension plan could cover the ... into the pension fund for several years ... inside the tax levy. The DPW's gap

Thursday March 30 2006, 09:32PM

Liberty tax service helping soldiers

Liberty tax service helping soldiers [published on ... McHENRY – Liberty Tax Service, 5017 W ... and 401K pension plan. FULL AD FT

Thursday March 30 2006, 06:47PM

Miron to propose 3-mill tax hike

propose 3-mill tax hike Says increase needed ... fund balance, pension fund, Public Works FRED ... for a tax increase of more than ... The tax rate for the current fiscal ... 98 mills, making the proposed tax rate ... Miron said the relatively hefty tax increase ... the town's pension fund, and the need ... Pension fund deficient The town pension fund ... future employee pension obligations, according to Miron ... to the pension fund, he said, and ... of the pension fund requires an "actuarially ... The town's Pension Board is in the ... As with the pension fund and the

Thursday March 30 2006, 06:33PM

A triple A governor for an Aa3 state

of the pension and employment compensation funds ... the sales tax, and they're looking around ... the depleted pension fund. Never mind that ... to tackle pension reform and property tax

Thursday March 30 2006, 06:25PM

Teachers seek to stem pension fund shortfall

to stem pension fund shortfall   Email ... of their pension fund. (Kathleen O’Rourke/Staff ... to stem pension fund shortfall   By ... their state pension fund. As bullhorns blared ... They use our pension fund as their ... The state's teacher pension fund has an ... by the pension fund actuary each year ... performance of pension investments, the union said ... 2 percent Social Security tax, teachers said ... To earn a full pension in Connecticut ... a full pension, the average pension payout ... of the pension, is diluted by provisions ... underfund the pension in "emergency" or "extraordinary ... fund the pension without an amendment or

Thursday March 30 2006, 01:32PM

Keyport taxpayers brace for big hikes

its municipal tax rate 24 cents, from ... as salaries, pension benefits and health insurance ... A 24-cent tax rate increase would translate ... … the tax rate would increase about ... increase its tax rate about 10 cents ... this year's tax increase,'' Councilman Robert ... a larger tax ratable base or significantly ... the property tax … the situation for ... stop a tax increase is by eliminating

Thursday March 30 2006, 11:59AM

JOHN BELL / DAILY RECORD

The brunt of Corzine's tax increases fall ... the sales tax from 6 percent to ... size of tax write-offs on income taxes ... of any tax increases," said Joseph R ... state employees pension system as a way ... the current pension system, which guarantees payouts

Thursday March 30 2006, 09:57AM

County sues over pensions

Milwaukee Journal Sentinel - Hoping to recoup at least $100 million paid out in the controversial pension deal that still dogs its finances, Milwaukee County on Wednesday sued its former actuarial firm, claiming malpractice. The federal lawsuit targets a deep pocket: Mercer ...

Thursday March 30 2006, 04:35AM

Village property owners could face 9.4 percent tax hike

4 percent tax hike MARIA McBRIDE BUCCIFERRO ... The current tax rate of $68.15 ... ' Contributions to employee pension funds, as ... This year, the pension fund contribution will

Tuesday March 28 2006, 09:52AM

Consider all factors before deciding on buyout offer

a lump-sum pension payment, it will be ... into a tax bracket "you've never dreamed ... But careful tax planning might help you ... their federal tax returns may find that ... higher state tax payment  which is ... a higher tax bracket. "Employment outlook. When

Tuesday March 28 2006, 09:52AM

Vernon delays budget unveiling

17 percent tax increase, the Township Council ... of municipal tax levies. The $1 million ... raise the tax levy. Ferraioli blamed the ... 000 and pension costs are to increase ... the state pension system. "This is just ... out their pension payments over 10 years ... He said pension costs are expected to ... with more pension payments to come. "We'll

Tuesday March 28 2006, 07:51AM

Senior tax breaks could break Illinois budget

NFS-MONITOR-FLAG" /

Tuesday March 28 2006, 07:08AM

Renew Shreveport police, fire tax

police, fire tax Revenues will help recruit ... quarter-cent sales tax first approved in 2002 ... from the tax was designated for salaries ... and fire pension plans. The poor performance ... to these pension funds. With Shreveport's contribution ... the sales tax gave the city a ... Losing the tax now -- up for ... This tax, coupled with the enhanced sales ... Revenues from the tax are expected to ... the sales tax, have grown increasingly frustrated ... A vote to renew this tax could ... the original tax vote in 2002, that ... indicate this tax, nor similar propositions in ... the sales tax levels higher, making it ... police, fire tax • Janet Parker: Nonprofits

Tuesday March 28 2006, 12:34AM

State pension systems in crisis, commission finds

KFOR - OKLAHOMA CITY – Oklahoma's seven state pension systems are in crisis, carrying more than $10 billion in unfunded liabilities, according to a report released Friday by the Oklahoma Pension Oversight Commission that calls on Gov. Brad Henry and the ...

Monday March 27 2006, 07:48PM

Powers proposes tax break for seniors

Powers proposes tax break for seniors   ... Security and pension benefits earned by seniors ... state's income tax under a bill introduced ... state income tax on their earnings prior ... state income tax, with joint filers paying ... exemptions or tax credits for pension and ... state income tax. Delaware exempts Social Security ... state income tax, and taxpayers 60 and ... and qualified pension income, according to Wetzel's ... change Connecticut's tax code may be an ... several recommended tax code changes, including a ... Connecticut's estate tax. All four members of ... the controversial tax last year after its ... The estate tax generates more than $150 ... the income tax exemption. The exemption would ... Security and pension benefits earned by veterans ... state's income tax. "Obviously, people have paid ... into their pension plans. As we know ... to the tax code, retirement planners say ... what the tax situation is going to

Monday March 27 2006, 01:57PM

Voters say yes to sales taxes

local sales tax had prevailed. With 18 ... the sales tax referendum in Brookfield is ... The tax is expected to bring in ... use sales tax revenue to pay the ... posted anti-sales tax signs at various locations ... local sales tax to 1 percent passed ... the sales tax hike by a count ... local sales tax on retail sales in ... half-percent sales tax by a margin of ... 8 million from the new tax, which ... the village’s pension funds. Sales tax a ... local sales tax turned down at the ... 1 percent tax on retail sales in ... from the tax will be used to

Saturday March 25 2006, 09:49PM

Mayors wary of Corzine's state budget

the municipal tax levy this year after ... promises of tax relief. On Tuesday, Governor ... promised property tax relief," Dancer said. "But ... is property tax grief." Dancer said he ... without property tax relief. "Something is fundamentally ... corporations business tax which is a 2 ... Dancer briefly discussed the sales tax increase ... The tax would rise from six to ... a sales tax less than seven percent ... the sales tax includes certain landscaping services ... local purpose tax since 1990. "We spend ... the sales tax increase from six to ... to the pension fund was approximately $14

Saturday March 25 2006, 06:57PM

Corzine's Budget Plan Includes New Taxes

the sales tax to seven percent, hold ... provide a tax break to the poor ... expand property tax rebates and to fully ... the state pension funds. His budget proposal

Saturday March 25 2006, 03:58PM

Don't just jump at a buyout offer

your current pension, your company's retirement-savings plan ... sum plus pension plus health coverage for ... to the Pension Benefit Guaranty Corp., which ... up for pension and health-care benefits the ... $1,400-a-month pension they're being asked to ... much higher tax burden if you must ... the 2005 Tax Rules." Kent says it ... from a tax standpoint to structure a ... - Have your pension plan directly transfer ... owe income tax on the money. - ... about traditional pension plans these days, considering

Saturday March 25 2006, 03:51PM

E. Hanover budget shows small tax hike

Hanover budget shows small tax hike By ... a large tax increase. The $18,144 ... for a tax levy of $11,918 ... a municipal tax rate of 49.9 ... relatively stable tax rate, according to Township ... numerous successful tax appeals by industries and ... single large tax appeal that hurt the ... for employee pension fees, Paduch said. The ... includes a 1-cent tax for open space ... lower the tax rate. The repair projects

Saturday March 25 2006, 03:51PM

Vilsack: GOP destroying “Great American Bargain”

with a pension and dignity. He contended ... the estate tax, which they call the ... tax,' and replacing it with a ... tax.' Each child born in America

Saturday March 25 2006, 12:59PM

Consider a tax-filing extension

up their tax prep software or pulling ... Tax professionals say this myth has no ... of their tax strategy. Those who want ... Simplified Employee Pension, or SEP plan, can ... of their tax returns, including that extra ... Individual Income Tax Return, with the IRS ... money, the tax agency has restructured the ... It's also included in tax prep software ... Or a tax professional can do it ... paying your tax in April; the government ... how much tax you owe, that could ... need a tax professional, but be forewarned ... CPAs and tax attorneys aren't taking on

Saturday March 25 2006, 11:33AM

Hard-won pension benefits are not gifts

TURN Hard-won pension benefits are not gifts ... Pension benefits as well as health benefits ... of the tax money, we should get ... and all pension plans for their retirees ... aids pension thefts The pirating of health-care ... and pension funds by corporations has reached

Saturday March 25 2006, 08:56AM

Chief of Pension Benefit Agency to Leave

Chief of Pension Benefit Agency to Leave

Friday March 24 2006, 07:27PM

Group organizes campaign to fight ban on gay marriage

of "inheritance tax" to the "death tax ... your spouses pension or social security benefits ... Head of household" on a tax for ... given a tax break for buying a ... getting some tax "breaks", it is no ... our current tax system. If someone or ... the same tax benefits, insurance benefits, and ... the same tax benefits, insurance benefits, and ... the same tax benefits, insurance benefits, and ... the same tax benefits, insurance benefits, and

Friday March 24 2006, 07:27PM

A Retail Manager'On the ball Crackerjack'wanted to manage ...

7% employer pension contribution, 5+ wks paid ... stock and pension opportunities. We are looking ... and 990 tax return. Required: Associate's Degree

Thursday March 23 2006, 05:41PM

Mexican Workers, H-1B, Wal-Mart

defined benefit pension system, which promises workers

Thursday March 23 2006, 05:34PM

N.J. pols hash over budget, tax boost

pols hash over budget, tax boost Corzine ... increased sales tax and did so only ... of eliminating tax increases, if the state's ... increase property tax rebates and fully fund ... state's pension system. Other savings came from ... slashing property tax rebates. The final budget ... before endorsing tax hikes. Several pointed to ... several unpopular tax proposals. Corzine told reporters ... the sales tax from 6 to 7 ... 1-cent sales tax hike. "I don't really ... the sales tax hike might not come ... on better tax revenues unless they seem

Thursday March 23 2006, 11:07AM

New laws give Katrina breaks

for a tax deduction. The same ... Katrina Emergency Tax Relief Act of ... Melanie Woodrick, tax manager at Grantham ... You can learn about tax relief ... accountant or tax preparer and also ... TAX HELP Free online tax preparation ... earned income tax credit. Eligible taxpayers ... Mississippi State Tax Commission site: www ... and federal tax preparation and e-filing ... Participating tax software companies use individual ... of the tax relief acts. "We're ... under three tax laws," he said ... current tax code, the Katrina Emergency ... Katrina Emergency Tax Relief Act of ... the two tax relief acts. "It's ... the Katrina tax relief." If a ... from Katrina tax relief. "If you ... or a pension plan to cover ... to additional tax, she said. The ... his income tax return prepared, and ... with Katrina tax relief provisions. "I've ... a tax lady I usually take ... of income tax returns with him ... of all tax forms. John S ... The Katrina Emergency Tax Relief Act ... zones for tax years 2005 or ... that offers tax incentives. A business ... take a tax credit for 40 ... Free online tax preparation services are ... earned income tax credit. Eligible taxpayers ... Mississippi State Tax Commission site: www ... and federal tax preparation and e-filing ... Participating tax software companies use individual

Thursday March 23 2006, 11:07AM

Writer's opinions are out of touch

his county tax burden even though he ... his military pension? Would the two thirds

Thursday March 23 2006, 11:07AM

BA to pay 500 mln stg into pension scheme to tackle deficit UPDATE

stg into pension scheme to tackle deficit ... its main pension fund as part of ... final salary pension scheme with no changes ... pension benefits already earned and no increase ... New Airways Pension Scheme (NAPS) include raising ... than inflation, pension increases on retirement capped ... similar annual pension, but one that is ... This should address the pension problem at ... said BA's pension plans would be scrutinised

Thursday March 23 2006, 11:00AM

Planning pros can help with mom's finances

Stock market Tax guide Technology Columnists Casual ... deceased father's pension rollover. Will there be ... big tax consequence if I move this ... IRA distributions, pension and interest. She has ... without any tax consequences, as long as ... without any tax consequences. Second, it doesn't

Thursday March 23 2006, 10:24AM

Pension controversies nothing new

23, 2006 Pension controversies nothing new EDWARD ... The temptation to abuse pension funds is ... But the Pension Fund Was Just Sitting ... con man Duke uses pension money to ... its employee pension fund. Northwest issued a ... Regardless of specifics about Northwest, pension fund ... estimate that pension plans are under-funded in ... Nonetheless, pension plans are inherently problematic. Incentives ... The deficiencies in many government pension funds ... benefited from pension plans before the 1940s ... to dedicated pension funds. Deciding exactly how ... Retirees enjoy pension benefits for more years ... Meeting pension obligations is a slam-dunk. When ... earnings or tax receipts are depressed. Rules ... fudge some pension assumption to solve their ... that many pension funds, both private and

Thursday March 23 2006, 09:05AM

Read the full story

impose excise tax By MARK DOTSON BELLEAIR ... premium excise tax on insurance companies that ... The tax was previously imposed by the ... The purpose of the excise tax is ... statewide Firefighters’ Pension Trust Fund, per Florida ... 85 percent tax on certain insurance policies ... The tax is a percentage of the ... ” The tax is due annually on ... impose excise tax "  IRB Rotary’s Pancake

Thursday March 23 2006, 08:15AM

Unisys Announces Changes to U.S. Pension Plans as Part of Ongoing ...

Pension Plans as Part of Ongoing Commitment ... defined benefit pension plans effective December 31 ... pension plans affect most U.S. employees ... defined benefit pension plans for employees while ... vested accrued pension benefits of former employees ... defined benefit pension plans, Unisys will record ... its 2006 pension expense worldwide to be ... controlling our pension costs and continuing to ... and expected pension expense in 2006 are

Wednesday March 22 2006, 05:21PM

Bill defending tax breaks awaits ruling

Bill defending tax breaks awaits ruling Last ... Bill defending tax breaks awaits ruling BY ... to offer tax breaks to businesses. But ... dollars in tax credits for businesses that ... who noted tax reconciliation and pension bills ... the state's tax credit on new equipment ... challenged the tax incentives when their homes ... forego the tax breaks to expand elsewhere ... Bill defending tax breaks awaits ruling LOCAL ... Bill defending tax breaks awaits ruling •

Monday March 20 2006, 09:48PM

Workers face pension shortfalls

19, 2006 Workers face pension shortfalls By ... up for pension benefits I was expecting ... month by pension expert Jack L. VanDerhei ... replace lost pension benefits. A cut, either ... defined benefit'' pension plan, a common type ... If the pension plan remained in place ... by the pension freeze.'' To get ... their lost pension benefits with fairly modest ... is given tax benefits to pre-fund its ... Today, the private pension system provides about ... Some big pension plans are in trouble

Monday March 20 2006, 08:43PM

Today's Small-Cap Winners and Losers

additional noncash tax expenses. The prior-year fourth

Monday March 20 2006, 08:36PM

Private firms replace public companies as timber owners

But tax and business changes over the ... Pension funds are the biggest investors in ... Federal tax rulings in recent years have ... same favorable tax treatment they have with

Monday March 20 2006, 06:56PM

State wrong to spend projected surplus »

for teachers’ pension systems, and the state’s ... in its pension arrears. That makes it ... Scott Pruitt’s $480 million income tax cut ... afford that tax cut voted for the ... most Oklahomans’ tax rates from 6.25

Monday March 20 2006, 04:47PM

Most investors should take

a company-funded pension or a 401(k) with ... deductibility and tax deferral benefits afforded in ... Tax deferral means you do not pay ... deductibility or tax deferral, but it's tax-free

Monday March 20 2006, 10:13AM

Still time to set up a 2005 retirement plan

of the tax filing season, small-business owners ... Simplified Employee Pension. Creating a retirement plan ... of your tax return — April 17 ... simplified employee pension or any other retirement ... For the 2005 tax year, an employer ... But the tax breaks are much better

Monday March 20 2006, 10:06AM

Cities want to change pensions

Police Pension Funds pay the pension, but ... place heavy tax burdens on the others ... a disability pension in 2001. The city ... The pension fund also pays each about ... Courts have given local police pension boards ... The pension fund was a year old ... on the Pension Board, which oversees his ... Other pension board members are two active

Monday March 20 2006, 09:31AM

Beacon school tax may rise

Beacon school tax may rise Board looks ... an average tax rate hike of up ... calls the tax estimate a "worst-case scenario ... local property tax burden. In the meantime ... another large tax increase like the one ... The district's tax levy, the amount of ... That increase resulted in tax rate hikes ... School tax rates within a school district ... insurance premiums, pension payments, special education expenses ... boost its tax levy by 12 to ... another large tax hike. "We cannot go

Monday March 20 2006, 08:05AM

Last year’s tax return is soooo last year

the best tax tip of all: Do ... a few tax tweaks that can trip ... Last year’s tax return is soooo last

Monday March 20 2006, 06:10AM

Trustee: Official abused firm funds

Orange County Register - Chriss Street, the leading candidate to become county treasurer-tax collector, has been accused of"mismanagement, conflicts of interest and greed"in a bankruptcy-court document filed this week. The document reports on what was formerly Fruehauf ...

Saturday March 18 2006, 10:59AM

Report all income for tax

income for tax By ALAN CAPLAN, EDMONTON ... ALL TAX SLIPS IN HAND By now ... and education tax credit receipts. Those who ... capital gains tax liability or they may ... the Canada-Germany tax treaty allowed them to ... Germany recently overhauled its pension legislation, so ... social security pension payments that would be ... COMPLICATED TAX TREATY A Canadian resident who ... social security pension in 2005 must include ... and pay tax on it to the ... when the pension started and some other ... a capable tax accountant familiar with the

Saturday March 18 2006, 09:40AM

Better tend your own nest egg

ending traditional pension plans in favor of ... check my pension was supposed to provide ... the company, pension type, investment choices offered ... company freezes pension coverage and replaces it ... $35,989 pension on retiring at 65 ... the yearly pension benefit to $13,596 ... make up the pension shortfall: The employees ...  " House and Senate pension bills let

Saturday March 18 2006, 09:33AM

Heights tax situation needs to be cleared up

  Advertisements   Heights tax situation needs ... face large tax hike," in the March ... 20 percent tax increase. This is inaccurate ... last year's tax increase at 4 percent ... wages and pension costs that must be

Saturday March 18 2006, 08:36AM

Letter: Gay marriage is issue of equal provision

right to pension benefits from a spouse's

Saturday March 18 2006, 08:07AM

Church helps reimburse victims of member's fraud

in deferred tax valuation. The year-earlier period ... for a pension settlement. Revenue fell 12

Saturday March 18 2006, 08:00AM

Retirement plan couldn't be simpler

Seattle Post Intelligencer - NEW YORK -- In the waning weeks of the tax filing season, small-business owners can still grab hold of a huge deduction by setting up a retirement plan known as a Simplified Employee Pension. Creating a retirement plan is one of those tasks that many ...

Saturday March 18 2006, 05:37AM

O'Connor, GOP meet

Pittsburgh's ailing pension fund into the state's ... percent parking tax, which is scheduled to ... the city's pension fund or stop the ... tax from dropping. "We all agreed that ... parking tax has been a real negative ... for Pittsburgh's pension would come from a ... the city's pension problem isn't unique. "The

Saturday March 18 2006, 05:29AM

Billionaire relents in pension showdown

Personal Finance Tax Tactics U.S. Business ... showdown over pension Government threatened to seize ... steelmaker’s underfunded pension plan, likely capping a ... for the pension plan — underfunded by ... and the Pension Benefit Guaranty Corp., which ... the unfunded pension liabilities. In doing so ... take over pension obligations from cash-depleted companies ... cover the pension obligations. The PBGC is ... to cover pension obligations, “depending on the ... The pension stays unchanged. There are no ... fund the pension plan to meet its ... “By assuming WCI’s existing pension plan, Renco ... by the pension plan. © 2006 The ... relents in pension showdown • Whirlpool, Maytag

Friday March 17 2006, 11:53PM

Payment to city ends pension fight

Payment to city ends pension fight By ... the city pension fund’s dispute with two ... the General Pension Board the city has ... The documents speak for themselves," Pension Board ... persuaded the pension board to hire money ... Phillips, who managed the pension fund from ... The Metro Nashville pension, which used Mr ... the city’s pension was losing money and ... million general pension fund, which provides retirement ... kick in tax dollars to ensure the ... 1 million in tax dollars to the ... Eichenthal said during the Pension Board meeting

Friday March 17 2006, 06:57AM

Huge tax deduction for business owners

Personal Finance Tax Tactics U.S. Business ... Simplified Employee Pension can be huge tax ... of the tax filing season, small business ... Simplified Employee Pension. Creating a retirement plan ... of your tax return — April 17 ... For the 2005 tax year, an employer ... But the tax breaks are much better ... or other tax professional. © 2006 The

Wednesday March 15 2006, 10:58PM

Blagojevich hopes list of accomplishments outweighs voter doubts

government, no tax increase. The first-term Democrat ... pay off pension debt by borrowing new ... to state pension systems. For Blagojevich, the ... or sales tax and still managed to ... the delayed pension payments will come due

Wednesday March 15 2006, 10:08PM

Santorum's primary challenger drops out of race

a flat tax. On Friday, Santorum's campaign ... and Philadelphia pension lawyer Alan Sandals, are

Wednesday March 15 2006, 08:49PM

Net mutual fund sales hit C$4.9 bln in February

Small business owners can still grab hold of a huge tax deduction by setting up a retirement plan known as a Simplified Employee Pension.

Wednesday March 15 2006, 07:09PM

Ex-Burruss execs convicted for stealing from employee medical ...

they stashed tax refunds, equipment sales proceeds ... At the same time, employee pension plans ... In 1999, Burruss owed the pension plan ... to the pension plan. The payment was ... to the pension plan on Sept. 15

Wednesday March 15 2006, 05:22PM

Conn. man said to launder $500M

Service, and tax evasion and obstruction of ... from union pension funds, according to federal ... to union pension and welfare funds, Ryan ... Castello was charged with tax evasion in ... amount of pension fund and tax losses

Wednesday March 15 2006, 03:42PM

Levy tries closing budget gap

costs, higher pension costs, existing union contract ... lower-than-expected sales tax revenues. The county legislature's

Wednesday March 15 2006, 01:40PM

Costain FY pretax surges, current yr starts well UPDATE

AM (adds detail on pension scheme) ... and the pension deficit. It said it ... into the pension scheme pound for pound ... In order to address the pension scheme ... the Costain Pension Scheme from 15.6 ... The active members of the Pension Scheme ... address the pension scheme deficit which, as ... of deferred tax. Costain said formal clearance

Wednesday March 15 2006, 09:22AM

Huntley: No

5-cent tax rate for a pension fund ... The new tax rate would shift that ... the new tax. In other words, this ... is a tax increase for residents. And ... and 401K pension plan. FULL AD FT

Wednesday March 15 2006, 08:11AM

Feb. 11 Editorial: Corzine must keep no-tax promise

of lax pension rules that offer more ... add a tax on untaxed items, such ... heavily the tax burden weighed on New

Wednesday March 15 2006, 07:56AM

London shares extend gains midmorning with Vodafone higher after Gent ...

Ontario Teachers' Pension Plan on a possible ... before interest, tax and goodwill of around

Monday March 13 2006, 10:36AM

Losing vacation time to bankruptcy

SHOPPING business Tax Talk 2006 Q&A Losing ... Is Catholic school tuition tax deductible? ... for income tax purposes. There are several ... regarding your tax basis. Additionally, if you ... We filed a married joint tax ... of the tax year. However, you may ... for income tax purposes. If you have ... consult your tax adviser regarding the possibility ... a gift tax return. Ron, Bel Air: ... Do I qualify for Maryland's pension exclusion ... the 2005 tax year? SC&H Group: If ... $21,500 pension exclusion as long as ... received a pension from an annuity, pension ... [Simplified Employee Pension Plan] SEP-IRA or a ... our 2005 tax return. Should we file ... to a tax professional as there a ... your marginal tax rates. Roger, Parkville: I ... $60,000 tax deduction for a [sport-utility ... to the tax law change that limits ... accountants a tax question Jim Wilhelm Jim ... is a tax partner with SC&H Group ... is a tax partner with SC&H Group ... How to file an amended tax return ... deducting sales tax, medical expenses Feb 12 ... Tax Talk 2006 Tax Talk 2005 Tax ... more complex tax forms • Drivers left

Monday March 13 2006, 09:32AM

Governor: Topinka

solvency of the state pension fund, ... from the pension fund, Topinka says, and ... in a "tax swap" between state and ... and 401K pension plan. FULL AD FT

Monday March 13 2006, 08:42AM

Top 5 Reasons to Roll Over to an IRA

CHARLOTTE -- Personal Finance & Tax II ... year - tax season. And while finances ... limiting the tax and penalty burden. Diversify ... an immediate tax expense, a Roth IRA ... manage your tax bill, now and in ... to under-funded pension plans or 401(k) plans

Monday March 13 2006, 08:27AM

Is it good for a C note?

of city tax liens, a pension bond

Monday March 13 2006, 08:13AM

National briefs | Greenspan agrees to book deal

GM ANNOUNCES CHANGES TO PENSION PLANS General ... to cut pension costs, will shift its ... through their tax returns using a home ... The number of tax returns sent electronically

Monday March 13 2006, 12:13AM

Full Story  

work on pension reform Midland Daily News ... the nation's pension laws in a generation ... defined benefit pension plans.     "It has ... versions of pension reform.     "These reforms ... the nation's pension plans and protecting our ... Improving our pension laws will help businesses ...     To ensure employers fund their pension promises ... workers, the Pension Protection Act, as passed ... a company's pension liabilities, which will help ... fully fund pension plans so no worker

Sunday March 12 2006, 12:46PM

Property tax lunacy

2006 Property tax lunacy Expert: It's 'the ... skyrocketing property tax assessments that are squeezing ... skyrocketing property tax assessments, which have many ... the biggest tax grab in a decade ... enjoying massive tax revenue windfalls and that's ... Ontario's property tax burden through the roof ... But Ontario's property tax burden was already ... powers to tax us. Expect the other ... a property tax specialist, who points to ... to higher tax rates." Now here's the ... sweetening OMERS pension for police and firefighters ... our property tax bills. When will this

Sunday March 12 2006, 10:30AM

Partner With No Paycheck? Try IRA

ADVERTISEMENT She'll have a pension for her ... on the tax return. Investments grow tax-deferred ... regular income tax on withdrawals in retirement ... There's no upfront tax break. But the ... Nobody knows what future tax rates will ... Each account gives a tax break upfront ... You will pay regular income tax on ... any self-employment tax - Social Security and ... Simplified Employee Pension Plan, better known as

Sunday March 12 2006, 08:07AM

Opinion by Kathy Kristof : Personal Finance

federal income tax return. Many students, seniors ... federal income tax through paycheck withholding. More ... any income tax. But if they don't ... tax returns, they can't get a refund ... Earned Income Tax Credit, a valuable break ... have paid tax but not to have ... realize that tax is being withheld from ... pension or investment earnings, and immigrant workers ... For the 2005 tax year, unmarried people ... people had tax withheld from their paychecks ... have a tax due," explained Mark Luscombe ... tax analyst with CCH Inc., a Riverwoods ... -based publisher of tax information. "But if ... you've paid tax. It's worth your while ... Volunteer Income Tax Assistance programs in hundreds ... At the program's sites, tax professionals and ... fill out tax forms and sometimes file ... file a tax return qualifies for the ... how much tax was withheld, plus any ... To find a Volunteer Income Tax Assistance ... free file" tax preparation service. The program ... the appropriate tax forms. All the forms

Sunday March 12 2006, 07:03AM

Capitol Chat transcript: Senate Minority Leader Mike Hewitt, R-Walla ...

pass the pension bill, the disorderly conduct ... a gas tax for road repairs and ... was a tax credit to supplement the ... fund the pension obligations, didn't fund gain-sharing ... the death tax, did nothing to protect

Friday March 10 2006, 10:28PM

Senate approves pay raises

7 percent pension increase for retired state ... 4 percent pension boost for retirees that ... estimates the pension increase for retired state ... of greater-than-expected tax revenue coming into the

Friday March 10 2006, 09:17PM

State record payout passes for schools

to our pension plan and it funds ... a needed tax cut for Alabama’s working ... 7 percent pension increase to education retirees

Friday March 10 2006, 09:10PM

NEW LOCAL: Two city cops may get buyout

A proposed city pension plan amendment would ... “We’re in no position to tax the ... Under terms of the current pension plan ... into the pension plan for two years ... “The financial condition of the pension fund ... to its pension funds. “I don’t think ... finances and pension fund. Councilman Will Quimby

Friday March 10 2006, 08:27PM

New IRS Rule Targets Employers Who Hire Illegal Workers By Joe Cobb

comply with tax laws. The workers often ... social security pension. This is "free money ... for income tax preparers who file tax ... more income tax returns have been filed ... major income tax companies such as H&R ... and Liberty Tax Service, as well as ... software like Tax Cut or Turbo Tax ... require income tax preparers to identify workers ... the income tax preparers they cannot file ... tax return electronically. It has to be ... these mailed tax returns from the millions ... thousand income tax returns will be mailed ... file their tax returns. Every W-2 has

Friday March 10 2006, 07:01PM

Tax filing may be smart even if you don't have to

10, 2006 Tax filing may be smart ... federal income tax return. Many students, seniors ... federal income tax through paycheck withholding. More ... any income tax. But if they don't ... tax returns, they can't get a refund ... earned income tax credit, a valuable break ... have paid tax but not to have ... realize that tax is being withheld from ... pension or investment earnings, and immigrant part-time ... For the 2005 tax year, unmarried people ... people had tax withheld from their paychecks ... have a tax due," explained Mark Luscombe ... tax analyst with CCH Inc., a Riverwoods ... -based publisher of tax information. "But if ... you've paid tax. It's worth your while ... Volunteer Income Tax Assistance programs in hundreds ... At the program's sites, tax professionals and ... fill out tax forms and sometimes file ... file a tax return qualifies for the ... how much tax was withheld, plus any ... To find a Volunteer Income Tax Assistance ... free file" tax preparation service. The program ... the appropriate tax forms. All the forms

Friday March 10 2006, 06:18PM

You Can Have It Both Ways

Personal Finance Tax Tactics U.S. Business ... grant expenses, pension costs, restructuring charges from ... Excluded from the definition are pension gains ... on the tax consequences of making any

Friday March 10 2006, 04:02PM

First Republican candidate for comptroller steps forward

delay of pension payments that could have ... a small tax preparation business in addition ... Stories Assembly tax plan emphasizes low- and

Friday March 10 2006, 02:22PM

Retirement Planning : Plan assets can be withdrawn early

Memphis Commercial Appeal - There are times when a pension plan or an IRA participant may want, or really need, to get at his IRA savings to weather a financial or medical catastrophe, or simply for an immediate important purpose other than saving for retirement. First off, if ...

Friday March 10 2006, 07:48AM

Profiting from pension freezes

profit from pension freezes New research shows ... company freezes pension benefits. By Jeanne Sahadi ... freeze their pension plans. But for some ... research by pension expert Jack VanDerhei of ... a company's pension plan was not considered ... its cash-balance pension plan and agrees to ... That assumes the pension would have paid ... Pension plan participants over 53 would need ... But since pension benefits in traditional plans ... If a pension plan is very generous ... profit from pension freezes Retiree health costs

Thursday March 09 2006, 07:02PM

David Hawpe: The old aren't always poor, and it's costly to treat them ...

and property tax breaks given to all ... and unjustified tax concessions for the already ... care and pension checks. Elizabeth McNichol, a ... States should consider whether their tax policies ... That means tax strategies adopted when elderly

Wednesday March 08 2006, 10:49AM

GM to cut salaried pension benefits

cut salaried pension benefits 42,000 will ... the traditional pension benefits of its U ... lifetime monthly pension payment plan it helped ... a monthly pension for salaried workers hired ... the guaranteed pension plan and replace it ... its salaried pension programs would affect 36 ... The pension changes do not affect current ... reduce its pension liability by $1.6 ... GM's pension liability was $10.92 billion ... to cut pension costs. About 80 percent ... match GM's pension changes "in a matter ... health and pension plans. The pension changes ... accountants a tax question New section Working ... cut salaried pension benefits • Educate Inc

Wednesday March 08 2006, 08:19AM

May 15, 2005, Editorial: Taxpayers can't keep coddling government

-- your tax dollars are being used ... New Jersey's Pension Peril: Why it will ... a generous pension and almost-free health care ... Then there's the pension, including an annual ... properly investing pension funds. New Jersey is ... billions of pension dollars each day. That ... support the pension fund if the return ... most public pension funds are invested showed ... The idea of the pension system is ... a bank-breaking pension upon retirement. Take Damien ... an annual pension of about $141,000 ... Russo could have collected a pension of ... collect a pension for only one job ... Base pension on career average salary. Currently ... $1,100 pension skyrocketed to $24,240 ... his state pension. He currently is collecting ... $54,066 pension for his years as ... collect a pension from taxpayers even though ... would force pension boards to nullify benefits

Wednesday March 08 2006, 07:57AM

GM to Cut Retirement Costs

freezing its pension program. With the pension ... Bloomberg News) Tax Time 2006 Not quite ... Afraid of the tax man? These tips ... lower its pension obligations by $1.6 ... to the pension liability. A year ago ... said its pension obligations totaled about $89 ... federal government's Pension Benefit Guaranty Corp. takes ... its "traditional" pension program in 2001, instead ... cash balance" pension plan. These plans are ... affect the pension benefits by current employees

Wednesday March 08 2006, 04:58AM

GM cuts pension benefits for salaried workers

Reuters - DETROIT (Reuters) - General Motors Corp. (GM.N: Quote , Profile , Research ) said on Tuesday it would reduce pensions for salaried employees and shift to a defined contribution plan as part of a broad cost-cutting program it says is vital to its ...

Tuesday March 07 2006, 11:29PM

GM to cut traditional pension benefits

Personal Finance Tax Tactics U.S. Business ... cut traditional pension benefits   Financial Times • ... reduce traditional pension benefits for veteran salaried ... year-end 2006 pension liability by about $1 ... GM's pension liability at the end of ... from traditional pension plans that guarantee retirees ... defined contribution pension plan and will receive ... its pre-tax pension expense by about $420

Tuesday March 07 2006, 09:06PM

GM changes salaried retirement benefits

Resources Free Tax Help Ex-Enron CFO Takes ... freeze accrued pension benefits for U.S ... year-end 2006 pension liability by about $1 ... its pre-tax pension expense by about $420 ... its long-term pension liability. Assuming the remeasurement

Tuesday March 07 2006, 04:41PM

Fired up about the future

the future Pension fund for Russellville firefighters ... trouble Current pension won't be able to ... com The retirement pension fund for Russellville ... special-called fire pension board meeting last month ... Russellville Fire Pension Board. Turbeville said the ... department's pension board needed to attempt to ... 4 mill property tax that had contributed ... 4 mill tax would help prevent the ... 1 mill tax, the fund would have ... Under current conditions, the retirement pension cannot ... 7 million in the pension fund supports ... police retirement pension. The fire pension doesn't ... The police pension fund is about 180 ... and fire pension boards, admitted the police ... Had the fire pension been able to ... 4 mill tax, the fund still would ... Had a 1 mill tax been in ... the police pension fund. Because the fund ... on the pension plan couldn't afford to ... 4 mill tax would have earned last ... Mill history The property tax for the ... pension fund was voted in by Russellville ... according to pension board co-chair Hack Horton ... the original tax. During the next 20 ... police millage tax for "city purposes." The ... tax was not popular and was repealed ... repealed the tax, the city council attempted ... 8 mill tax through the Pope County ... The police retirement pension board sued the

Tuesday March 07 2006, 03:30PM

The Old Cliche's True - The Rich are Getting Richer, The Poor Getting ...

President Bush's tax cuts, which provided large ... under Bush's tax cuts. Most tax breaks ... Bush's never-ending push for tax cuts seem ... and these tax cuts only give us ... latest income tax data, the top one ... Two new tax cuts, known as "PEP ... These tax cuts ensure that the very ... stocks and pension plans, equity in property

Sunday March 05 2006, 03:25PM

Our issues

Orange County Register - Each year, the editorial board of the Register chooses six critical issues that it believes are important to the cause of advancing human liberty, one of the twin missions of the Register's editorial pages. These key issues are followed throughout ...

Sunday March 05 2006, 02:35PM

Pension risks are harder to duck

AM MST perspective Pension risks are ... That's why so many conventional pension plans ... gets bigger tax breaks. Employers may have ... them a pension on top, their workers ... and their pension programs would crash with ... Employers often, if short-sightedly, prefer pension increases ... Pension increases don't come due until the ... Frequently, the compromise is big pension increases ... in their pension plans would enjoy ridiculously ... These pension plans earned ordinary rates of ... goes to pension payments. This is just ... of their pension programs. Their pension payments ... of the pension payments they have agreed ... defined benefit" pension was the most common ... In this pension, employers promised workers fixed ... underestimates of pension costs - puts us ... So, lots of pension plans aren't able ... the government-run pension insurance agency, a program ... by the pension plans. To that extent ... with their pension plans, encouraging irresponsibility even ... The number of pension plans that are ... The defined benefit pension is just about ... defined contribution" pension and then give it ... defined benefit pension plans gave us all

Sunday March 05 2006, 02:13PM

Bills of local interest

of property tax and state tax credits ... homestead property tax credit percentage for the ... property tax in Washington County. Heard March ... building excise tax imposed in Washington County ... an income tax credit for renewable energy ... homestead property tax credit percentage for the ... property tax in Washington County. Hearing scheduled ... the federal tax identification number of the ... retirement and pension systems to receive service ... retirement and pension systems. Heard Feb. 21

Sunday March 05 2006, 01:23PM

Plenty to choose from on GOP slate

The Louisiana Weekly Newspaper has articulated the interests of New Orleans' and Louisiana's African-American and minority communities for more than seventy-five years.

Sunday March 05 2006, 01:16PM

Employers are starting to offer Roth 401(k)s

But you don't get a tax break ... with no tax strings attached when you ... 0 percent tax rate." Not all of ... a high tax bracket now, but will ... a lower tax bracket when you retire ... you no tax break up front. Instead ... gets the tax break up front. On ... Goldstein, a pension administrator in Plainview, N ... If they aren't, they face tax penalties ... Consult a tax expert, human or electronic

Sunday March 05 2006, 12:54PM

Bite the bullet, stop spending

temporarily higher tax revenues have fixed the ... personal income tax and much of that ... fully funded pension plans thanks to record ... on such tax windfalls to pay for ... personal income tax revenue on permanent programs ... ill-advised tax cuts, leaving nothing for bailout

Sunday March 05 2006, 10:24AM

Save for college: IRA ins, outs

I am 61, self-employed and have a 13-year-old child, whom I adopted as a single parent. He's an excellent student. I have no savings. I pay taxes on about $20,000 of income a year. I intend to work until 70. (When I'm 62 years and 6 months, I can collect $750 per month for myself and $250 for my child from Social Security. If I wait longer, I'll collect $1,000 for myself and $500 for him.) It's possible that I may get a full-time job at $50,000. What's the best way to save for his college education and my retirement if I continue consulting? If I get a job?" /

Sunday March 05 2006, 09:34AM

'Loser fees'taking place of new taxes

to raise tax rates. But life's temporary ... No politician wants to raise tax rates ... without income tax. I just call it ... to State Tax Notes and a public ... much a tax — a compulsory payment ... as a tax alternative, all such fees ... city's general tax fund. When Municipal Court ... the gas tax. But the money doesn't ... Officials say the cigarette tax helps ... The tax collects more than $400 million ... (It also indirectly raises the pension of ... proposed "snack tax," which would add an ... percent sales tax to junk food and

Sunday March 05 2006, 06:28AM

Ride Into Retirement

Tax Tips Washington Post personal finance ... basic income tax issues. Weekly E-letter Personal ... take your pension, if you are still ... a traditional pension. You have to decide ... his maximum pension payment rather than choosing

Sunday March 05 2006, 03:58AM

Mayor Sanders:

a massive pension deficit include everything from ... of the pension deficit and a failure ... of six pension board members and the ... the six pension board members refused to ... a possible tax increase. They set aside ... into the pension debacle and see what ... of the pension system, its lawyer and ... change the pension plan and reduce operating ... when the pension board is expected to ... the city's pension payment to be as ... than the pension board. Some boards, including ... in employee pension benefits. Sanders wants them

Friday March 03 2006, 10:26AM

''Connecticut Water Subsidiary Sells 109 Acres of Land to the Town of ...

its federal tax liabilities over five years ... our federal tax liabilities by approximately $950 ... energy rates, tax rates, stock market trends ... earned on pension assets, and compliance with ... current state tax benefits relating to the

Friday March 03 2006, 10:19AM

Mayor lays out'tapestry'of city

and fire pension system, allowing minors in ... countywide sales tax for parks. "This all ... and fire pension system. "The pension is

Friday March 03 2006, 09:15AM

Ford swipes at GM's troubles

sales, mounting pension and health care costs ... of meeting pension and health care obligations ... pleads for tax breaks $115 million couldn't ... sues over pension GM to offer Roth

Friday March 03 2006, 09:15AM

Police, city contract talks falter

the police pension plan, union leader Jeff ... a small tax levied against casualty insurance ... into the pension fund. Instead, it was ... about rising pension costs. "Right now we're ... Commissioners held the tax rate steady but

Friday March 03 2006, 07:56AM

H.J. Cummins

Fretting over state's tax on health care ... pay, your pension and your health insurance ... a company's tax deduction on any salary ... Pension plan funding Bills in the House ... to their pension funds, including interest rate ... Companies with pension plans say that ... Tax advantages for health savings account plans ... wants more tax breaks for health savings ... no income tax, so tax breaks are

Friday March 03 2006, 03:10AM

Tax break festival in full swing

Business Politics Tax break festival in full ... slate of tax breaks lawmakers are considering ... get a tax credit. Several legislators are ... to find tax breaks for several groups ... Several of the tax breaks carry hefty ... craft property tax relief. A proposal that ... retired firefighters tax break, as well as ... tax relief and the military retiree tax ... pension enhancement, too, projected to weigh ... The tax breaks do not impress Christopher ... about serious tax relief,” he said ... people who propose the tax credits are ... in the tax code to target specific ... spread the tax breaks out to all ... all election-year silly tax gimmicks,” ... The tax break debate, however, is being ... re-elections with tax cuts. Some of the ... sponsored the tax break for the retired ... proposed no tax cuts of his own ... Teachers pension enhancement. The state teachers union ... Expansion of the property tax ‘‘circuit breaker ... Recoupling the state inheritance tax to federal ... Expansion of a tax credit for long-term ... A tax credit for employers to pay ... A tax break for long-term caregivers. Cost:$4 ... A tax credit for buildings using clean ... An income tax credit for first-year teachers ... vehicle excise tax for electric and hybrid ... Changes to the tax credit for historic

Friday March 03 2006, 03:03AM

Senators ponder separate airline pension relief

Senators ponder separate airline pension relief By ... to insert pension relief for airlines into ... unrelated tax bill in order to get ... nation's defined-benefit pension system. "The airline provisions ... nation's troubled pension system. Both bills would ... in underfunded pension plans, and would require ... to the Pension Benefit Guaranty Corp., which ... for troubled pension systems. Among the bills' ... The pension talks are being held up ... of the pension bill, adding them to ... tax reconciliation bill, and the rest of ... keep additional pension obligations from being terminated ... of the Pension Benefit Guarantee Corp.," Frist ... the broader pension package could actually work ... dynamics of pension reform," said Greg Kelly ... Under current law, pension liabilities are determined ... on the pension overhaul. Copyright ©2006 MarketWatch

Thursday March 02 2006, 10:02PM

Proposals to ward off hostile bids may not meet goals

influence of pension funds in the UK ... It runs the massive pay-as-you-go pension system ... add to tax bill 3/02/2006

Thursday March 02 2006, 09:41PM

State considers task force on city pension problems.

on city pension problems. By Bryan Chambers ... and fire pension problems over the next ... study municipal pension problems during the Legislature’s ... the city’s pension dilemma, which has been ... dealing with pension problems and come up ... 10 years, pension costs are scheduled to ... million unfunded pension liability and implement a ... percent payroll tax to pay off the ... defined benefit pension plan and establish a ... to their pension funds. While the bill ... ” Huntington’s police and fire pension boards ... to the pension plans, but also save ... Eastham said the pension boards and unions ... because the pension plans would remain as ... support any pension solution unless it involves

Thursday March 02 2006, 04:30AM