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Tag Archives: taxes

Need help with taxes? Here’s where to turn for info, help

It’s tough to know all the answers at tax time, particularly in a year with massive tax law changes. Sometimes people need help, but where should they turn? Here are a few options: IRS The IRS has answers to most tax questions online. Its website also has a number of tools to help you find what you need, including an ...

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BILL CRAWFORD: What a disappointing tax season

Started your tax return yet? I have and it’s so disappointing. I had looked forward to the simpler, easier tax filing promised by President Donald Trump’s tax cuts. Take the increased standard deduction and forget all that work to compile medical and dental expenses, taxes paid, interest paid, charitable contributions, and so on. This was going to be a breeze. ...

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Mississippi cities approve tax increases for parks, tourism

Voters in two Mississippi cities have approved a sales tax to raise money to provide tourism services. WLBT-TV in Jackson reported that voters in Pearl have approved a 1 percent sales tax increase on restaurant bills and a 3 percent tax on hotel bills. Pearl Mayor Jake Windham said the money will be used for a new pavilion at a city ...

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Jury out on whether tax cuts have resulted in more investing

By BECKY GILLETTE The recent GOP tax cuts have put more money in the pockets of some workers who are now having less federal tax deducted from their paychecks. And some taxpayers such as those with Subchapter S corporations might end up with a windfall because of changes in the tax law. It has been estimated that three quarters of ...

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Time to look ahead at 2019 tax year

By CALLIE DANIELS BRYANT Pencils down. Papers filed. Tense shoulders can now relax – we’re a month past the 2018 tax deadline, unless your tax return was smaller than hoped, or worse, you owe IRS.  It’s never too early to plan ahead on how you can have a better tax season by 2019’s deadline, so we spoke to accountants and ...

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JOHN FLETCHER: Internet sales tax gets its day in court

» Supreme Court hears arguments in major case challenging Quill Like kids queuing for the next iPhone or Star Wars episode, state and local tax experts from across the country last week camped out overnight to witness U.S. Supreme Court arguments in the internet sales tax case, South Dakota v. Wayfair.  The online seller, along with Overstock.com and Newegg, challenged ...

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Many other states have increased gas tax for transportation

Mississippi is not the only state struggling with transportation needs, according to a report by the Legislature’s Performance Evaluation and Expenditure Review Committee. The report released this week cites the National Conference of State Legislatures as saying states have been in “a near constant state of crisis for about a decade” in terms of funding for transportation needs. The report ...

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Tax break might mean relief for craft brewers

By BECKY GILLETTE Here’s news you can lift a mug and do a “cheers” to. In late December the U.S. Congress passed a two-year version of the Craft Beverage Modernization and Tax Reform Act, which cuts the federal excise tax for craft breweries in half from $7/barrel to $3.50/barrel for domestic brewers producing less than two million barrels annually. The ...

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JOE BABB: Political ramifications of tax reform still unknown

President Reagan signed the Tax Reform Act of 1986 on Oct. 22 of that year. The bill, which enjoyed wide bipartisan support, became law 323 days after its initial introduction in the House. The Tax Cuts and Jobs Act of 2017, the largest tax code overhaul since 1986, was signed just 42 days after it was introduced and did not ...

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