Tax

Many employers are questioning the benefit of the payroll tax deferral.

As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens.

We started 2020 with hopes of a solid season after a rebuilding year following the Tax Cuts and Jobs Act. Instead, this season threw us more curveballs, changeups, game delays, and empty seats than any season in history.

Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.

Taxes, relief and partisanship; more than a nickel; a new pair; and other highlights from our favorite tax bloggers.

The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness.

The hope is that local jurisdictions will sign on so businesses don’t have to reach out to each individually.

The Manhattan district attorney said press reports suggesting potential misdeeds by President Donald Trump and his company could justify a grand jury subpoena of the president’s taxes and other financial records.

But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.

The regs clarify that certain deductions aren’t to be considered miscellaneous itemized deductions.