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Here are your articles for Nov 17, 2016.

On Saturday, November 5, 2016, CDL was once again the Premier Presenting Sponsor for the Crohn's and Colitis Foundation of America's (CCFA) Take Steps Walk.  This was CDL's fifth year participating in the walk that took place in West Palm Beach's CityPlace.  We showed up in record breaking numbers totaling 65 CDL staff and family members and raised over $80,000 for the cause!




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President-Elect Donald Trump's victory, along with a Republican-controlled Congress, is likely to mean significant tax changes in 2017 and beyond. Trump and Congressional Republicans have proposed to overhaul a variety of tax breaks and make changes to individual and business tax rates. Here's a rundown of the president-elect's tax-related campaign promises and what the future might hold.



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The U.S. Department of Labor's Wage and Hour Division (WHD) recently announced that the minimum wage rate for federal contractors will increase by 15 cents per hour, effective January 1, 2018. This article reveals the new minimum wage rate, and details what non-federal contractor employers in various states must pay staff members and tipped employees.


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Individuals who take work-related courses may be eligible for some lucrative federal income tax breaks. But the rules can be confusing. Here's what employees and self-employed individuals need to know to make the most of work-related education tax breaks, including the American Opportunity and Lifetime Learning credits, employer-provided educational assistance plans and reimbursements, and miscellaneous itemized deductions for work-related education.


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Q. How much money can you give to one person without triggering a gift tax return in 2017?
a. $14,000
b. $15,000
c. It depends on your income
d. Any amount

Click "Full Article" for the answer



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The election is finally over, and it's time to focus on the future. Republicans are calling for tax reform — and when they take control of Congress and the White House in 2017, tax rates and other rules could change. Have you factored the election results into your year-end tax plans? Here are some tips for individual taxpayers to consider before December 31.
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November 29 is a lesser-known holiday called #GivingTuesday on social media. It was launched to encourage online charitable donations. This event generated $39.6 million last year, and contributions from Giving Tuesday 2016 are expected to be much higher. Regardless of whether you participate or prefer more traditional holiday giving, your charitable donations may qualify for a tax deduction. Here are the rules.
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When a retiring employee receives payment for unused sick and vacation leave, the tax treatment of the payments may be straightforward. But it gets more complicated when some of those benefits accrue while the employee is on temporary disability leave. Read what happened when one police detective contended that part of his retirement payout wasn't taxable and how the U.S. Tax Court unraveled the case.
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People who are in the process of divorce are still considered married for tax purposes. This article provides the five categories for individuals filing their annual tax returns. It also explains the situations a marriage is considered terminated for tax purposes. In some divorce situations, a spouse may be reluctant to file a joint return due to the liability. And in some cases, completing the divorce may save taxes.
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Making progress in daily work -- especially experiencing little "wins" -- is the single most effective motivator for employees. That's the surprise finding in research detailed in the new book The Progress Principle. To ignite loyalty and productivity in employees, you don't have to invest big in bonuses, rewards, and other favorite "motivators."  Keep reading for an explanation of the motivating progress principle.
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Our firm provides the information in this e-newsletter for general guidance only and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, expressed or implied, including but not limited to warranties of performance, merchantability and fitness for a particular purpose.


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