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MasterCard to block subscriptions from charging you after free trials – CNET Download.com

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  MasterCard is adding a safety net policy for anyone who forgot cancel a free trial, according to a blog post. Merchants often let customers try out their product for a set number of days before charging the subscription fee. It’s frustrating, though, when you wind up paying for something that you weren’t satisfied with because of a complicated cancellation process. The financial services company announced a change in their rules that would require merchants to gain cardholder approval at … Continued

U.S. Supreme Court To Hear Key Income Tax Issue For $120 Billion Trust Industry

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  The U.S. Supreme Court has announced it will hear a trust tax case that has significant implications for states and trust beneficiaries: Hundreds of millions of dollars of annual tax revenue hang in the balance. “It’s a big development,” says Carol Harrington, an estate lawyer with McDermott Will & Emery. The question posed in North Carolina Department of Revenue v. the Kimberley Rice Kaestner 1992 Family Trust is: Does the due process clause prohibit states from taxing trusts based … Continued

The Ultimate 2019 Tax Planning Guide

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  Tax reform ushered in major changes for the U.S. taxation system for the 2018 tax year, with the Tax Cuts and Jobs Act introducing new rates and brackets, expanded deductions and credits, and new limits on certain tax breaks. You probably had to do some pretty substantial tax planning to cut your tax bill due this spring, by taking full advantage of these adjustments. While the 2019 tax year is shaping up to be much quieter in terms of … Continued

2019 Estate and Gift Tax

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The IRS has published new guidelines relating to estate and gift tax changes for 2019. Starting this year, estates of decedents who die during 2019 have a basic estate tax exemption amount of $11,400,000 (increased from $11,180,000 in 2018). This means that the estate of a person dying in 2019 with more than $11.4 million in assets may pay a federal estate tax (on assets which do not pass to charity or to a surviving spouse). Over both deaths of … Continued

It’s Official — Here’s When You Can File Your Tax Return in 2019 — The Motley Fool

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  To the relief of millions of Americans expecting tax refunds in the next few months, the IRS and the Trump administration recently announced that the start of tax season and the issuance of tax refunds would not be affected by the government shutdown, even if it lasts well into the start of tax season. If you’re wondering when you’ll be able to file your taxes, or if you want to know when you can expect your tax refund to … Continued