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Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show.
June 2 -
Bloomberg Tax & Accounting has improved the product to help multistate businesses with net operating losses across multiple states.
June 1 -
They claim the provision to prevent them from using federal money to fund lower taxes is unconstitutional.
June 1 -
Revenues weren’t hit as hard as many expected, but the changes to the landscape of tax are still enormous, according to experts at Avalara’s Crush event.
May 27 -
The Biden administration urged the U.S. Supreme Court to turn away a New Hampshire lawsuit that challenges Massachusetts’ practice of taxing nonresidents who once worked in the state but now do their jobs from home.
May 26 -
Investigators have been trying to determine whether the company gave an accurate valuation for its Seven Springs property when it served as the basis for about $21.1 million in tax deductions for donating a conservation easement for the 2015 tax year.
May 19 -
The last of the ‘Wayfair dominoes’ falls with Missouri’s new legislation.
May 18 -
The average American will pay $525,037 in taxes over their whole lives.
May 17 -
Ohio and Missouri judges deny injunctions because those states haven’t yet suffered any harm.
May 12 -
Democrats are making another push for the Biden administration to include a repeal of the cap on state and local tax deductions in its long-term economic program.
April 22 -
Lawmakers should closely study the impact of the deduction before making changes, the No. 3 House Democrat James Clyburn said.
April 21 -
As clients emerge from the pandemic, they'll need help in this ever-more-complex area.
April 20
CPA.com -
Increasing funding for the IRS enforcement efforts could yield enough to pay for reinstating the full deduction.
April 19 -
Democratic and Republican House members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions, demonstrating a broadening campaign to restore a valuable tax break.
April 15 -
Seventeen Democrats told House Speaker Nancy Pelosi they would be ready to oppose any tax legislation that doesn't restore the break.
April 14 -
States that pass tax cuts to conform with recent federal tax changes won’t run afoul of a rule that says states can’t use federal stimulus funding to pay for cuts.
April 8 -
Employees who move to low-tax states may still be taxed by their former residence, as more states levy taxes on cross-border business.
April 7 -
The richest New York City residents could soon face the highest combined tax rates in the U.S.
April 5 -
Democratic governors from seven states, including New York, New Jersey and California, wrote to President Joe Biden urging him to remove the cap on state and local tax deductions enacted by Donald Trump.
April 5 -
10 major developments, from the pandemic and Wayfair to sin taxes, that are all likely to play major roles.
March 29























