This discussion examines the proposed workarounds to reduce the anticipated increased tax burden on individual taxpayers caused by the state and local tax deduction limitation created by the TCJA.
Four states have sued in U.S. district court, asking to invalidate the $10,000 limit on the deduction for state and local taxes enacted as part of last year’s tax overhaul.
State are weighing the many consequences of federal tax reform.
This item looks at how soda taxes have changed over the years and puts the newest batch of taxes in perspective.
This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.
Nevada, once viewed as a “tax-friendly” state, implemented a $1.5 billion tax plan to fund its education system.
While it is termed a “small business” deduction, larger business owners may avail themselves of it as well.
This item briefly explains the issue of carrying over NOLs after a merger or reorganization as applied in certain states still following the Internal Revenue Code of 1939.
Troy Lewis, chair of the AICPA’s Tax Executive Committee, testified in favor or the Mobile Workforce State Income Tax Simplification Act.
In a case of first impression, the New York Supreme Court ruled that New York’s metropolitan commuter transportation mobility tax “was unconstitutionally passed by the New York State Legislature.”
Part I of this two-part article focuses on nexus, tax base, allocable/apportionable income, and Sec. 338(h)(10) transactions.
During 2008, there were many changes in the area of state and local corporate income taxation. This article focuses on some of the more interesting items in the following corporate income tax areas: nexus, tax base, allocable/apportionable income.