New York added new guidance for individuals planning to take advantage of the state’s pass-through entity tax, a move that “may impact PTET returns and payments” that are due in September, according to the state Department of Taxation and Finance.
The US accounting standard setter said Monday it would press on with a project that would force companies to share more details about the income taxes they pay—despite pressure from lawmakers and business groups to drop the proposal.
California cities will seek legislation to limit tax-sharing arrangements that give windfalls to a handful of cities and millions in public money to retailers like Apple Inc., Best Buy Co. Inc., and Williams-Sonoma Inc.
The week in state tax news: Cities hosting Taylor Swift and Beyoncé concerts can expect tax revenue boosts as ‘Swifties’ and ‘Beyhivers’ open their wallets for more than just tickets and merchandise. Meanwhile, California cities agree to rein in tax sharing deals with retailers that create windfalls for some, and a New York bill to reveal beneficial owners of LLCs may not be tough enough.
Washingtonians challenging their state’s new capital gains tax told the US Supreme Court on Monday that the ruling upholding the levy “opens a pandora’s box of dangerous practical implications on a national scale.”
A taxpayer who defeated an IRS penalty can’t add evidence to the US Tax Court’s record that he argued would make him entitled to sanctions for a discovery violation, a federal appeals court ruled.
Washingtonians challenging their state’s new capital gains tax told the US Supreme Court on Monday that the ruling upholding the levy “opens a pandora’s box of dangerous practical implications on a national scale.”
Three conservation easement donors have asked the IRS to admit it backdated penalty approval forms in their cases, after the agency recently admitted it backdated an approval form in a separate easement case.
New York added new guidance for individuals planning to take advantage of the state’s pass-through entity tax, a move that “may impact PTET returns and payments” that are due in September, according to the state Department of Taxation and Finance.
The US accounting standard setter said Monday it would press on with a project that would force companies to share more details about the income taxes they pay—despite pressure from lawmakers and business groups to drop the proposal.
This week, our experts covered topics ranging from Michigan’s sales apportionment formula to clean energy tax credits for low-income communities. For a look at the latest commentary and analysis, check out our weekly roundup.
A trial court was right to throw out two proposed class actions challenging taxes imposed by two Michigan cities to fund pension and healthcare benefits for retired police and fire employees, a state appeals court ruled.
The week in state tax news: Cities hosting Taylor Swift and Beyoncé concerts can expect tax revenue boosts as ‘Swifties’ and ‘Beyhivers’ open their wallets for more than just tickets and merchandise. Meanwhile, California cities agree to rein in tax sharing deals with retailers that create windfalls for some, and a New York bill to reveal beneficial owners of LLCs may not be tough enough.
The taxable value of the historic St. Francis hotel in San Francisco will be reduced, after a California appeals court ruled that the city’s assessment board of appeals used improper methodology in reaching its $785 million figure.
If you walk in certain circles, it’s easy enough to believe that Puerto Rico has moved past devastating hurricanes and the
The US accounting standard setter said Monday it would press on with a project that would force companies to share more details about the income taxes they pay—despite pressure from lawmakers and business groups to drop the proposal.
The SEC said New York-based fintech investment adviser Titan Global Capital Management has been charged for using misleading hypothetical performance metrics in advertisements between 2021 and 2022.
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US law firms troubled by China’s security clampdown, Taiwan warnings, and civil liberties limits are turning to Singapore as a place to expand their Asia presence.
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 Oregon Department of Revenue (DOR) Aug. 3 announced that the online film and video tax credit auction for individual income and corporate income tax purposes will begin at 9 ...
The West Virginia Tax Division July 1 released Form PT-100ELF, Election for Elective Pass-Through Entity, for individual income tax purposes. Pass-through entities must fill out this form in order to ...
The West Virginia Tax Division May 1 released Schedule EK-1, WV Partner/Shareholder/Member/Beneficiary Elective Pass-Through Entity Income Credit, with instructions, for individual income and corporate income tax purposes. The instructions include: ...
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