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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Proposed SALT Regulations Would Limit Effectiveness Of State Workarounds
You can’t always get what you want. But if you try sometimes, you find. You get what you need. Those may be words crooned by the Rolling Stones, but the sentiment was echoed by the Internal Revenue Service (IRS). The IRS has released proposed regulations intended to address the workaround proposed by a handful of…
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Argument Falls Flat As PA Supreme Court Rules Soda Tax Legal
The Pennsylvania Supreme Court handed the City of Philadelphia a win today when it upheld a previous ruling that the tax on sweetened beverages is legal. Philadelphia Mayor Jim Kenney welcomed the news, saying in part: I am grateful to the Justices of the Pennsylvania Supreme Court for their fair and careful review of this…
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States Sue IRS To Strike Down SALT Cap
In the days following tax reform, leaders in some states complained loudly about feeling targeted by deduction caps imposed on state and local taxes (SALT). Now they’ve taken action. Today, four states (Connecticut, Maryland, New Jersey, and New York) filed a lawsuit in federal court to strike down the cap on SALT deductions under the…
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Get Ready To Save As State Sales Tax Holidays Begin
Here is a quick peek at states offering taxpayers a sales tax holiday in 2018.
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Sales Tax Trivia On National Doughnut Day
It’s National Doughnut Day. Here’s what you need to know about free doughnuts and sales tax.
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IRS Will Issue SALT Transaction Guidance
The Internal Revenue Service (IRS) has advised that it intends to propose regulations which will address attempts to re-characterize state and local tax payments following tax reform.
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How Thieves Use Realistic Tax Notices To Trick Taxpayers
Think you might owe tax? Make sure that the notice is legitimate before responding immediately. Here’s how scammers are capitalizing on taxpayer fear and confusion.
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Minnesota Taxes Could Be The Real Winner Of The Super Bowl
On Sunday, the Philadelphia Eagles will face down reigning Super Bowl champions New England Patriots in a fight for football greatness. But the real winner of the day may be Minnesota – thanks to taxes.
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IRS Issues Guidance On Prepayment Of Property Taxes
To prepay or not to prepay state and local taxes? That’s been the burning question over the past week. The Internal Revenue Service (IRS) now has an answer as to whether it might accept prepayment as a tax strategy – and not surprisingly, it’s maybe.
