Notes State News Today

IRS data from 2013 surprisingly revealed that S corporations are the most prevalent type of corporation in the United States.

We’re seeing some progress in New York!  It’s been nine long years since the Legislature adopted sweeping corporate tax reform, and yesterday the New York Department officially released...

Back in August, the Department confirmed in TSB-M-21(1)C, (1) that, beginning this year, resident partners, members, or shareholders will be allowed a resident tax credit against their...

Delež prostih delovnih mest od vseh delovnih mest skupaj je bil v drugem četrtletju najvišji doslej. Znašal je 2,6 odstotka, ugotavlja statistični urad.

Where individual, corporate, and passthrough entity taxation meet By Mo Bell-Jacobs, J.D.; Bridget McCann, CPA; and Steve Wlodychak, J.D., LL.M. Related Editor: Bridget McCann, CPA By now, most practitioners are well aware of the annual limitation enacted by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, in 2017 that limits the amount of state and local taxes individuals can deduct for federal income tax purposes to not more than $10,000 ($5,000 in the case of a married ind...