The IRS failed to comply with the state attorney general’s request for records about a pandemic tax relief program for businesses, the state of Missouri said in a Friday lawsuit. Missouri Attorney General Andrew Bailey requested in May that the IRS produce communications about its September 2023 decision to stop processing new Employee Retention Credit
Rendering for Vose Farm Residences, Peterborough Catholic Charities NH was awarded $625,000 in tax credits by the NH Community Development Finance Authority (CDFA) to support an affordable housing project in Peterborough, the nonprofit announced July 9. The funds are part of a recent CDFA distribution of $6.6 million in tax credits to nonprofits for community
In this episode of our Cross-Border Catch-Up podcast series, Diana Nehro (shareholder, New York/Boston) and Carlos G. Colόn-Machargo (of counsel, Atlanta) discuss common employment practices that may trigger “permanent establishment” tax obligations abroad. Carlos and Diana, who is chair of the firm’s Cross-Border Practice Group, provide an overview of issues to consider when engaging workers (including contractors)
“Your tax dollars at work” was never meant to include child abuse. But that’s the odious image presented in a new Senate report, whose title describes numerous youth residential treatment facilities (RTF) that receive federal funding as “warehouses of neglect.” Bipartisan oversight legislation is now planned, following a Senate Finance Committee hearing last month on
Numerous states will be holding tax holidays this summer, meaning shoppers can save on the cost of states’ sales taxes during certain periods. Tax holidays take place in a plethora of states every year, lowering prices on certain items for a set period. Some tax holidays only last a weekend, but others, like in Florida
Property tax levy growth will be capped at 2% for 2025 for local governments that operate on a calendar-based fiscal year. That’s according to data released by State Comptroller Thomas DiNapoli. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities and 13 villages. “Allowable tax levy
A construction crew works at the Nordstrom store in the Village at Corte Madera mall in 2013. (James Cacciatore/Special to Marin Independent Journal) Following an appeal by Nordstrom, Marin County has lowered the property tax assessment of the retailer’s Corte Madera store by more than $8.7 million and refunded $1.11 million in property taxes, plus
Republicans have clawed back part of the funding allowing the agency to chase after millionaires for unpaid taxes. In less than a year, the Internal Revenue Service (IRS) has been able to capture over $1 billion in unpaid taxes, the agency announced on Thursday, due to its new campaign targeting wealthy tax cheats. As part
SAN ANTONIO – The first day of school will be here before you know it, and you’ll likely want to get the most bang for your buck when shopping for back-to-school materials. Those looking to save can take advantage of this year’s tax-free holiday weekend in August. From Friday, Aug. 9, through midnight on Sunday,
Sales tax revenue surged in Houston and Texas County in June, while Cabool experienced a decline in its collections. HOUSTON A one-cent sales tax earmarked for parks, police and fire generated $85,245.61 for the month of June. That’s up $2,782.65 from the same period a year ago. A one-cent general sales tax totaled $86,105.44. That’s