Industries

Dangerous counter-trend; compliance challenges; tax-free periods; and other highlights from our favorite tax bloggers.

A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

The so-called pied-à-terre tax is expected to take effect July 1 this year and would affect roughly 10,000 single family homes, coops and condominiums citywide.

The Top 10 Firm will acquire a consulting and technology firm that helps manufacturing and distribution companies modernize operations with digital solutions.

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.

A federal gasoline tax holiday as proposed by President Trump would result in billions of dollars in lost tax revenue each month, budget analysts say.

President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.

New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions still unresolved.

One of the nation's largest solar installers filed for bankruptcy last month, citing the phaseout of federal tax credits and Trump's executive orders.

The Top 100 Firm acquired Massachusetts-based Restaurant Accounting Solutions, strengthening its expertise in the restaurant industry.

The deal adds to Aprio Legal's Arizona footprint and marks the firm's entry into the cannabis industry.

The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.

The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on dyed fuel.

The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

U.S. states are moving to establish a pipeline of large-scale renewable energy projects that can qualify for billions of dollars in expiring federal tax credits.

Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax to agree on. Getting everyone else on board stands to be more complicated.

The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.

Sweeping review; year-end procedures; close the book; and other highlights from our favorite tax bloggers.