Taxes
Latest Taxes News
NYC Congestion Pricing Is Seemingly Dead—In Favor Of Payroll Taxes
In a surprise reversal, Gov. Kathy Hochul announced that planned congestion pricing in Manhattans Congestion Relief Zone will be shelved…
Supreme Court Rules In Favor Of IRS In Corporate Redemption Tax Case
Closely held corporations often enter into agreements to redeem a shareholder's stock after death to ensure the continuity of the…
FTX Reaches Bankruptcy Settlement With IRS On $24 Billion Claim
FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed…
$187 Million In Charitable Deductions From A $9.5 Million Purchase
Big Escambia Ventures LLC is the tax matters partner in thirteen partnerships that are currently in Tax Court. Judge Albert…
State Tax Treatment Of IRA Energy Credits
Alysse McLoughlin and Katie Quinn of Jones Walker discuss state tax implications of the Inflation Reduction Act’s clean energy credits.…
Bitcoin Billionaire Saylor Will Settle D.C. Tax Suit For $40 Million
The Attorney General for the District of Columbia, Brian L. Schwalb, has announced a settlement with billionaire Michael Saylor and…
Streamlining State Tax Filing—New Jersey Proposed “EasyFile” Program
The New Jersey Senate is considering a bill, A1431, that would establish an “EasyFile” program, similar to the IRS Direct…
How To Use Your Zodiac Sign To Make Tax-Savvy Estate Planning Decisions
The abundance of advanced estate planning transaction options can often leave people feeling lost in legal jargon. If you’re searching…
IRS Can Deny Charitable Tax Deductions When You Get Something Back
Donations to charity are supposed to be motivated by generosity, not to benefit in a business deal in which you…
Biden’s Capital Gains Proposal: Unfair To Lifetime Entrepreneurs?
Biden’s new capital gains proposal aims to tax the rich, but really, it may unfairly penalize lifelong entrepreneurs and ordinary…
