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Now that taxes aren’t such a big worry, here’s what’s keeping investors up at night

Now that taxes aren’t such a big worry, here’s what’s keeping investors up at night

Finance
With individual tax rates down, a new boogeyman is haunting investors: inflation worries. Those were the findings from the American Institute of CPAs' Personal Financial Satisfaction Index, which measures investors' "financial pleasure" or "financial pain" based on a range of economic factors, including personal taxes, inflation, job openings and real home equity. Overall, the Personal Financial Satisfaction Index has crept up to 27.7 in the second quarter, from 27.0 in the first three months of the year. This reflects increased job openings and strong stock market performance. ...
You can start filing your 2017 taxes on …

You can start filing your 2017 taxes on …

Finance
Your tax reform questions answeredAmid the frantic push by Republicans to pass a tax overhaul by Christmas, it's easy to forget that you still have to contend with your 2017 taxes. The IRS on Thursday said it would start accepting 2017 federal income tax returns on Monday, January 29. But if you're not an early bird filer, you'll have until Tuesday, April 17 to get yours in. If even that's too soon for you, file for an automatic 6-month extension. Just remember an extension to file is not an extension to pay. You still need to pay Uncle Sam what you owe for last year by April 17, if you want to avoid late-payment penalties. Normally, April 15 is the final filing deadline, but it falls on a Sunday this year. And Monday, April 16 is Emancipation Day, a legal holiday in the District of Col...
What to do right now if you want to prepay 2018 property taxes

What to do right now if you want to prepay 2018 property taxes

Finance
Homeowners wondering whether they should pay their 2018 property taxes in advance of the changing tax law don't have much time left to act.Because of guidance issued by the Internal Revenue Service, the decision may be moot. In the midst of taxpayers across the country lining up at their local tax offices to pay those bills early, the federal agency threw a last-minute wrench into taxpayer plans by limiting what payments can count against their 2017 tax returns."A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017," according to the IRS announcement.Basically, this means:If you have a property tax bill in hand — which means the tax has been assessed — you should be good to go. Even if it isn't due until next year, you can prep
How much taxes will take if you win Friday's $323 million Mega Millions

How much taxes will take if you win Friday's $323 million Mega Millions

Finance
The Mega Millions jackpot has jumped to $ 323 million, after Tuesday's drawing failed to yield a winner for the top prize.If the prize amount doesn't go up before the 11 p.m. ET drawing Friday, it will be the 10th largest Mega Millions jackpot (although, only the 29th largest in U.S. lottery history).The most recent big Mega Millions win — $ 536 million in July 2016 — was the third-largest in the game's history, and the seventh-largest in U.S. history. It was the most ever awarded to a single Mega Millions winner, and the highest cash-value jackpot awarded to a single winner in a U.S. lottery.Of course, if you are lucky enough to pick the winning combo for this weekend's drawing, you won't walk away with the full amount.Lottery site USAMega.com estimates the federal tax withholding on the
Google not liable for back taxes in France

Google not liable for back taxes in France

Technology
Google will not have to pay 1.1bn euros (£970m) in back taxes, after the technology giant won a legal case brought by the French authorities.A court in Paris ruled that the internet search firm's Irish subsidiary was not liable for tax in France. Google employs 700 people in France, but advertising contracts sold for display in France are booked through its subsidiary in low-tax Ireland. In 2015 the company paid just 6.7m euros in corporate taxes in France.The court was advised that Google did not have a "permanent establishment" or sufficient taxable presence in France to justify the bill."Google Ireland Ltd isn't taxable in France over the period 2005-2010" the court said in a statement. European authorities have become increasingly tough on American technology giants including Google an