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(BPT) - If you own a small business, every dollar matters - especially when it comes to taxes. Whether your business is a partnership or corporation, Uncle Sam offers some sizeable deductions to lower your liability, allowing you to put those dollars toward capital and employees.
(BPT) - The majority of this year's key tax law changes were the result of two acts - the Affordable Care Act of 2010, also known as Obamacare, and the American Taxpayer Relief Act of 2012.
Key tax law changes that could impact your return
(Family Features) This holiday, give entertainment lovers of every age the perfect gift with easy access to the newest and most popular movie and TV show releases.
(BPT) - More than 43.6 million Americans prepared and e-filed their own income tax returns in 2013, up 4 percent from the year before, according to the IRS. In addition to being more affordable than a storefront or accountant, online and mobile solutions have made doing your own taxes exceptionally easy and fast.
(BPT) - The shiny paint. The new car smell. Many aspects about buying or leasing a new vehicle can excite your senses.
Attorney General Eric T. Schneiderman, Comptroller Thomas DiNapoli and New York City Department of Investigation (NYC DOI) Commissioner Rose Gill Hearn today announced the arrest of a nonprofit executive accused of pocketing taxpayer dollars intended for public services and capital improvements in New York City. A multi-agency joint investigation, including NYC DOI and two federal agencies, exposed the theft of approximately $373,000 in public funds provided by New York State, the New York City Council, and federal earmark grants.
Mayor-Elect Bill de Blasio today announced his appointment of William J. Bratton to serve as New York City’s next Police Commissioner.
In selecting Bratton to lead the New York Police Department, de Blasio emphasized his commitment to proactive policing to protect New Yorkers, while simultaneously respecting their civil liberties.
All that a 38-year-old Robert Giugliano wanted was to leave his city office by 2 p.m. on Dec. 7, 1993 to see his daughter rehearse for a Christmas event. But, work kept him long, and so he ended up taking his usual 5:33 p.m. LIRR train to Hicksville, nodding to familiar commuters and taking his regular third seat on the third train.
And then at Garden City, Colin Ferguson stepped on, permanently and horrendously changing Giugliano’s life.
City Comptroller John Liu is not wrapping up his term in office quietly.
Liu announced on Wednesday that his office is suing the Bloomberg administration in order to access data on tax records that the city has denied even after being subpoenaed for it by the comptroller in October.
Three men, Redinel Dervishaj, Besnik Llakatura and Denis Nikolla, have been charged with extorting money from an Astoria restaurant owner.
“The defendants told their victims they offered ‘protection,’ but in reality, they peddled fear and intimidation through the Albanian community — their community — of Queens,” said United States Attorney for the Eastern District of New York Loretta Lynch. “When one victim turned to law enforcement for help, he was betrayed again by a corrupt officer on the take, who turned his back on his badge, his oath, and his friend in exchange for extortion money in his pocket.”
It goes without saying, we Americans love parades. However, there is one parade which has no cheering crowd, only whispers of shame. To give this “Parade of Shame” a sense of reality, it will consist of three units, each led by a GOP president, followed by their “criminal” aides.
Since all parades have a grand marshal, I selected Spiro Agnew. Why? Because as Baltimore county executive, he was accused of illegal activities. Agnew plea bargained a nolo contendere and resigned as vice president!
The first unit is led by Warren Harding carrying a banner “Teapot Dome Scandal.” Several of Harding’s Ohio boys who were convicted in this corrupt oil scandal are now marching behind him.
Unit two, the mother of presidential scandals, is led by Richard M. Nixon, who is proudly wearing his bold printed banner “Watergate!” This ill-advised endeavor resulted in indictments, trials, convictions and incarcerations of 48 Nixon aides, including Bob Haldeman and John Ehrlichman. They are all walking behind the Nixon banner.
The final unit in our shame parade is led by the “Teflon” president, Ronald Reagan. His banner reads “Iran Contra Affair.” Congress ruled it illegal to provide arms to the Contras. Reagan violated the law by secretly selling arms to Iran in exchange for cash to buy arms for the Contras. Two Reagan aides — John Poindexter and Oliver North — worked through CIA and military channels. Reagan admitted he supported the sale. Ten officials were convicted. They are now marching proudly behind their “Teflon” president.
Epilogue: Fox and friends have been beating their drums while shouting that the Barack Obama presidency is not only anti-American but the worst ever. Folks, you will never see Obama lead a fourth unit in the Parade of Shame!
Defending and debating the virtues of liberty and freedom in a world of entitlements, welfare and redistribution of wealth is an exercise in futility. Either knowingly or unwittingly, many Americans have accepted and even voted for laws that abrogate Constitutional individual rights, freedom of choice and expropriate private wealth in the name of “fairness.” Admonitions such as “be the best that you can be” or “the sky’s the limit” no longer apply since incomes are capped and too much affluence and prosperity are punished. By penalizing the most productive among us, we nurture mediocrity.
It has become necessary to suppress my inclination to live as I choose because I am compelled to abide by the wisdom and beneficence of the government or be fined, taxed or arrested. The new paradigm is to each according to his needs and from each according to his ability. There is little doubt the ruling elite is victorious and has the upper hand. I just hope the promised utopia arrives before we run out of my and other peoples’ money.
As more and more liberals, socialists and progressives are elected, it is inevitable their utopian vision will prevail. The ash heap of history is replete with examples of utopian visions reduced to rubble yet we choose to ignore those lessons. In spite of the grim historical facts, the new elitists persist in their arrogance, restricting our individual rights and freedoms that threaten their vision of the “greater good.”
Will we forfeit our individual rights, our right to life, liberty and the pursuit of happiness for the promise of abundance in a new world order that will control where and how we live, what we eat and drink, what we wear, what kind of cars we drive, which doctor we may visit? Will we at last be free from freedom?
Queens officials are hailing the City Council’s passage of a bill that will result in speed humps on busy streets that run past schools, and are pulling for one that would reduce speed limits on some side streets while mandating approval of slow zones.
Bill 732-A, introduced by Councilwoman Debi Rose (D-Staten Island), mandates that the Department of Transportation install one or more speed humps on a minimum of 50 streets per year adjacent to public or private schools.
The Queens Historical Society is jazzing up its 26th annual holiday historic house tour on Sunday, Dec. 8 with six buildings in Flushing and the addition of the Louis Armstrong Museum in Corona.
The open houses will run from 1 to 5 p.m., with each facility offering activities, refreshments and a little history thrown in. Participants will be able to access a free trolley that will take visitors to all the sites.
The Affordable Care Act is less about healthcare and more about collecting fees, taxes, personal data and promoting a single payer system. The schemes and machinations inflicted on Congress to facilitate the passage of Obamacare have prompted many to ask if it is constitutional for the government to make any law it wishes for the sake of society, grant exemptions and exceptions to those who wrote the law and their constituents and, in the process, limit freedom and confiscate wealth?
A society that can give you everything you need is able to take everything you have. For almost 100 years, our politicians have been trying to persuade us that wealth and property are not individual but communal. The traits of charity and benefaction have been superseded by the notion that everyone, no matter their value to society, should have everything that everyone else has, simply by virtue of existing. If everyone owns everyone else’s wealth collectively, political campaigns are merely never ending conflicts about who gets what. If a person does not own what he or she produces, then who does?
The contentious issues generated by Obamacare are symbolic of the basic conflict in the world today. It is between two principles; individualism and the sanctity of private property and collectivism, where man lives for the sake of the group or collective. History books are testament to George Washington’s prophetic declaration and admonition that “private property and freedom are inseparable.” The ash heap of history is littered with governments that plundered and enslaved their citizens.
We have reached the point in America where the government is unconstrained to do anything it pleases while citizens may act only by permission.
It was only last week that the Borough Board approved the city’s sale of 23 acres of Willets Point to a development group composed of the Mets’ real estate arm and the Related Companies for all of $1. So we see no reason the city can’t wait a little longer for the many small businesses it’s kicking out of the area to move.
In order to get the full year’s rent money they were promised for their new locations, businesses must move out by this weekend. But many are not ready to do that. If they move by Jan. 1, they can get six months’ worth of rent.
Six new laws designed to make buildings more resilient when hit by storms such as Hurricane Sandy were signed by Mayor Bloomberg last week.
The measures all stem from recommendations made by the city’s Building Resiliency Task Force. And they use new flood maps created by the Federal Emergency Management Agency as the standard for what areas are susceptible to deluges like those created by Sandy in South Queens, the Rockaways and other areas. Some rules affect new construction and some affect existing buildings.
The ongoing Willets Point development plan is hard to pin down. It is a project with many moving parts that has been lauded as one of the best development deals made in the borough’s history, while at the same time denigrated as an attack on the lower class and outer-borough business owners.
But the colossal plan that has struggled to get its bearings for some time has gained stability over the past few months — after the City Council approved the revised version — and will take its first steps on Saturday when the first round of business relocations will be completed.
The City Council’s Public Safety Committee, chaired by Councilman Peter Vallone Jr. (D-Astoria), held a hearing on the councilman’s proposed law that would require the Police Department to submit reports of crime in all parks and playgrounds that are greater than one acre in size to the Council.
As it stands, the NYPD only discloses crime data from the city’s 31 largest parks.
Four 112th Precinct police officers were honored as Cops of the Month at the Nov. 20 meeting of the precinct’s community council.
Officers Raymond Abear, Anthony Lomonaco, Brian Benedict and Ronald Scrimenti were celebrated for helping apprehend a notable alleged thief and recovering two loaded firearms in the month of October.
Nineteen people, including six Queens residents, have been arrested as a result of a 3-year investigation into rings that allegedly made, imported and sold counterfeit designer clothing, watches and cigarettes.
At a joint press conference on Nov. 20, Queens District Attorney Richard Brown, NYPD Commissioner Ray Kelly and James Hayes Jr., special agent in charge of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations, said four trademark-counterfeiting rings operating from self-storage facilities in Queens and Brooklyn imported items from China and sold them in 21 states and the U.S. Virgin Islands, generating about $10 million in gross revenue per year.