Last year, Ohio made news as the first state in the nation to accept tax payments using cryptocurrency. Less than a year later, the program
Read MoreCategory: state & local
Following Wayfair, New Sales Tax Rules Take Effect
If you made a purchase on the internet yesterday, you might have noticed something different: sales tax. Changes in sales tax compliance laws for remote
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Courts Say No To SALT Deduction Challenge
It turns out that there is such a thing as too much SALT. U.S. District Judge J. Paul Oetken has dismissed a lawsuit filed by
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Thrift Store Worker Shocked To Receive $216 Million Tax Bill
Nobody likes getting a tax bill in the mail. It’s especially concerning when your tax bill is a bit higher than you anticipated. But what
Read MoreCongress May Take Another Look At State And Local Tax (SALT) Deduction Caps
As part of the Tax Cuts and Jobs Act (TCJA), Congress capped the amount of state and local taxes (SALT) that taxpayers can deduct on
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Sales Tax-Free Shopping Holidays Start Soon
Ready for back to school shopping? According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, total spending for K-12 schools and college
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Gas Taxes Are Going Up In Some States
If you’re planning a trip this holiday week, don’t forget to figure in the cost of gasoline. Drivers in some states will feel a pinch
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Supreme Court Rules That Residency Is Not Sufficient To Tax Income In Trust Case
The Supreme Court issued a decision in North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust—and it’s unanimous. The Court ruled that
Read MoreIRS Tips Hand On SALT Cap Workarounds
The Internal Revenue Service (IRS) has issued additional guidance on state or local tax (SALT) cap workarounds, and there are no real surprises. The guidance
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Ohio Will Allow Taxpayers To Pay Using Cryptocurrency
With the launch of OhioCrypto.com, Ohio will become the first state in the nation to accept tax payments using cryptocurrency.
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