Oklahoma lawmakers approved bills to eliminate the state’s franchise tax and soften income tax rates for married filers shortly before adjourning for the year Friday.
The week in state tax news: Iowa, Hawaii, Montana, and Nebraska have all acted on legislation creating “SALT cap workarounds” this month. Also, the Supreme Court offered some views on what should happen to surplus proceeds when a property is seized and sold to settle tax debts.
The son of a woman killed in a natural gas explosion will get another chance to seek a refund of estate taxes paid to New Jersey on the settlement he received.
Local governments that keep surplus proceeds when a homeowner’s property is seized and sold to settle tax debts commit unconstitutional takings, the US Supreme Court ruled Thursday.
California would offer free tax return filing with automatically filled-out forms to help low-income wage earners claim tax credits under a Senate bill advancing through the Legislature.
The week in state tax news: Iowa, Hawaii, Montana, and Nebraska have all acted on legislation creating “SALT cap workarounds” this month. Also, the Supreme Court offered some views on what should happen to surplus proceeds when a property is seized and sold to settle tax debts.
Oklahoma lawmakers approved bills to eliminate the state’s franchise tax and soften income tax rates for married filers shortly before adjourning for the year Friday.
The son of a woman killed in a natural gas explosion will get another chance to seek a refund of estate taxes paid to New Jersey on the settlement he received.
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.
South Korea’s
More than $3.3 billion will be sent back to Nebraska taxpayers over the next six fiscal years under legislation approved by the state Legislature Thursday that lowers and flattens income tax rates, shields Social Security income from tax, and grants a new child care tax credit.
A man convicted of defrauding the federal government out of more than $1 million in Paycheck Protection Program funds saw his 17 year prison sentence affirmed, after the Eleventh Circuit said the unusually high sentence wasn’t unreasonable.
California would offer free tax return filing with automatically filled-out forms to help low-income wage earners claim tax credits under a Senate bill advancing through the Legislature.
Minnesota became the second state to fund its transportation infrastructure with a fee on the growing volume of packages delivered to the doorsteps of consumers under legislation signed by Gov. Tim Walz on Wednesday.
A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.
The typically hyper-volatile
Gulf Binance, a joint venture between Binance and Gulf Innova, has received digital asset operator licenses from Thailand’s Ministry of Finance for a digital asset platform, according to a statement from Binance.
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.
European financial firms catering to crypto companies are competing for top compliance staff as they manage a wave of demand following the collapse of US heavyweights
The cryptocurrency sector could be the subject of new regulation in California, and industry lobbyists are pushing back to ensure their businesses can still operate under new proposed scrutiny.
Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.
The Wisconsin Department of Revenue (DOR) May 25 issued a reminder to taxpayers that various property tax reports are due on June 1. The DOR will apply a non-appealable late ...
The Wisconsin Court of Appeals May 24 found Taxpayers, cheese manufacturing and distribution companies, weren’t entitled to the manufacturing personal property tax exemption for clean-in-place (CIP) equipment that they used ...
The Texas Comptroller of Public Accounts May 1 published a list of cities that have changed their boundaries through annexation of territory into their city limits or disannexation of territory ...
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: