State taxes

The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.

The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.

These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.  

Possible staffing remedies; declared dead; Moore moves; and other highlights from our favorite tax bloggers.

The Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.

That's an improvement over the first quarter, where they lost twice as many as they won.

If you have clients with businesses in multiple states, product or service sales in different states, or employees in other states, they need to know a thing or two about nexus.

Sales of non-fungible tokens are taking place across jurisdictions, both state and national, and tax authorities are starting to take notice.

California may have some of the highest personal income taxes in the country, but it's one of the few states that doesn't tax lottery wins.

The former governor said he would keep the cap if elected president, declining to roll back a policy that has become a flashpoint for taxpayers in his own state of New Jersey.

A bill in the state seeks to tax rich colleges that favor families of alumni and donors in admissions policies and give the money to poorer community colleges.

The differing fortunes highlight the growing divisions between the largest Democrat- and Republican-led states as they compete for businesses and people to relocate.

It is still not clear that the IRS will treat payments for this year the same as payments for last year.

Governor Phil Murphy and state legislators are offering incentives to prevent senior residents from moving to low-tax states.

The ramifications of the momentous Supreme Court ruling continue to unfold.

The North Dakota governor started his career growing accounting software company Great Plains Software into a company that was acquired by Microsoft for $1.1 billion.