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A rare show of bipartisan unity unfolded Tuesday, with 18 lawmakers making the case for an expansion of the state and local tax deduction.
June 30 -
Trump’s family real-estate company expects to be accused of tax crimes relating to its payment of perks and benefits to favored employees.
June 28 -
The Supreme Court rejected a New Hampshire challenge to Massachusetts’ practice of taxing people who started telecommuting from elsewhere during the pandemic.
June 28 -
Companies and their advisors first need to determine who has the authority to grant such tax benefits.
June 23
McGuire Sponsel -
Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.
June 23 -
Some in Washington have slammed states for what they consider kicking their own residents while they’re down — against the intent of Congress.
June 8 -
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



















