Latest Stories
Week in Insights: Figuring Out How to Quiet the Noise
This week, our experts covered topics ranging from Disney’s special taxing district to Donald Trump’s alleged tax fraud. For a look at the latest commentary and analysis, check out our weekly roundup.
New Mexico Governor Vetoes Broad Tax Cuts, Keeps $500 Rebates
New Mexico Gov. Michelle Lujan Grisham signed provisions of a sweeping tax bill to give $500 tax rebates to all filers and expand the state’s film and TV tax credit but used her line-item veto authority Friday to reject broad changes to personal and business taxes.
IRS May Only Use ‘Deposit’ as Payment if Penalties Were Assessed
The IRS must figure out whether it satisfied a notice requirement concerning penalties against a taxpayer before it applied the money he sent toward the penalties, the Third Circuit ruled Friday.
Louisiana Legislature Nibbles at Reforming Sales Tax System
The week in state tax news: Louisiana has a reputation for operating perhaps the most complicated and fragmented sales tax system in the country. Will lawmakers address these problems when the 2023 legislative session kicks off next week? Meanwhile, Texas lawmakers are exploring options for replacing the state’s expired business tax incentives program, and the Maryland Supreme Court received a flurry of briefs addressing a challenge to the state’s digital advertising tax.
Defenders of Tax Sale Practices Speak Out to Supreme Court
State and county governments, groups representing government officials, and two tax professors threw their weight behind a Minnesota county whose tax sale practices are at the heart of a US Supreme Court case.
IRS $80 Billion Roadmap Tees Up Congressional Funding Fight
The IRS plan for spending its $80 billion contains a warning: The windfall won’t be nearly as effective if Congress doesn’t also provide the agency with adequate annual funding.
It’s Tax Season! Here Come the ‘Leech Brands’: Ben Schott (1)
Happy tax season to all who celebrate! Which is (or should be) everyone. But as you strive to do your civic duty (under penalty of perjury) ponder this: Just 2.4% of the 104 million US taxpayers eligible to use the IRS Free File Program did so in 2020. And more than 14 million of the lowest-paid Americans may have paid unnecessary commercial fees to file their 2019 taxes.
