Tips to help you prepare for tax season
Tax Policy - Why State-for-Local Tax Swaps Are So Hard to Do Tax reform is hard. But sometimes local tax reform makes it look easy, particularly when those reforms involve a state-for-local tax swap. Currently, both Texas and Nebraska are considering...read more
Tax Policy - Tax Treaty Network of European Countries In an increasingly globalized world, many individuals and corporations work and do business abroad. As a result, jurisdictions need to define how income earned in foreign countries is taxed. Otherwise, income...read more
Tax Policy - An Analysis of Senator Warren’s ‘Real Corporate Profits Tax’ Key Findings Senator Elizabeth Warren (D-MA) released a proposal for a surtax on corporate profits called the “Real Corporate Profits Tax.” The Real Corporate Profits Tax would be equal to...read more
IRS Tax News - More proposed regs. on qualified opportunity funds issued The regulations define the term “substantially all,” the definition of which was reserved in the earlier proposed regulations issued in October 2018. Source: IRS Tax News - More...read more
IRS Tax News - Can a state tax a trust based on the beneficiary’s residency? The U.S. Supreme Court heard oral arguments in a case that will decide whether states can tax trusts based solely on the fact that a trust beneficiary lives in the state. Source:...read more
Tax Policy - An Overview of Capital Gains Taxes Key Findings Comparisons of capital gains tax rates and tax rates on labor income should factor in all the layers of taxes that apply to capital gains. The tax treatment of capital income, such as capital gains, is...read more
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