Beginning with the 2022 tax year, Georgia residents may claim a $3,000 tax exemption on their Georgia state income tax return for each qualifying “unborn” child.
On August 1, 2022
Continue Reading Georgia Residents Eligible for $3,000 Tax Exemption for Each ‘Unborn’ ChildNovember 16, 2020 – Alerts
The IRS intends to issue proposed regulations to permit a partnership or an S corporation to deduct
Continue Reading Partnerships and S Corporations Exempted From Limits on State and Local Tax Deduction
Earlier this week, New Jersey Governor Philip Murphy announced his proposed budget for fiscal year 2021. Buried in the dense text of the 94-page document (at page 37) were several
Continue Reading Garden State “Zapper” Users Beware: New Jersey Announces Crackdown on Revenue Suppression Programs
Earlier this week, the Attorneys General of New Jersey, New York, and Connecticut sued the Treasury Department and the Internal Revenue Service challenging a new IRS rule that would preclude
Continue Reading New Jersey, New York, and Connecticut File Lawsuit Challenging New IRS SALT Cap Rule
In January, the New York Department of Taxation and Finance issued a notice regarding sales tax registration requirements for businesses with no physical presence in New York. The notice responds
Continue Reading New York Department of Taxation and Finance Issues Notice Regarding Sales Tax Registration Requirement for Businesses with No Physical Presence in New York
The Pennsylvania Department of Revenue recently issued guidance in response to the Supreme Court opinion in South Dakota v. Wayfair, Inc., 138 S.Ct. 2080 (2018), clarifying when remote sellers
Continue Reading Pennsylvania Issues Guidance in Response to Supreme Court Decision in Wayfair
New Jersey recently announced the New Jersey Tax Amnesty program. The New Jersey Division of Taxation has indicated that both individuals and businesses may qualify for the program. The amnesty
Continue Reading New Jersey Offers Tax Amnesty Program
The Treasury Department recently issued proposed regulations addressing the availability of charitable deductions when taxpayers receive or expect to receive corresponding state or local tax credits for contributions. The proposed
Continue Reading Treasury Issues Proposed Regulations Addressing Charitable Deductions for State and Local Tax Credit Contributions
Four states have filed suit in U.S. District Court for the Southern District of New York, challenging the constitutionality of the new $10,000 cap on the federal tax deduction for
Continue Reading States Sue Over Deduction Cap, But Midterms Are Coming