Filing and payment relief for affected taxpayers in certain Florida counties. The IRS issued guidance granting relief to taxpayers affected by Hurricane Milton in Florida that began on Oct. 5, 2024. Taxpayers now have until May 1, 2025, to file various individual and business tax returns and make tax payments. The IRS is offering the

During the opening of the Hong Kong Fintech Week several keynotes covered the topics of stablecoins, cryptocurrency and tokenization. While the Treasury mainly focused on AI, it also covered the planned regulatory program for crypto including tax incentives. Hong Kong Monetary Authority (HKMA) leader Eddie Yue spent considerable time talking about tokenization, and the Securities

At a rally in New York’s Madison Square Garden, Elon Musk claimed he could cut at least $2 trillion from the federal budget if Donald Trump wins the 2024 election. “Your money is being wasted,” Musk declared, promising to “get the government off your back and out of your pocketbook.” Trump has proposed that Musk,

This election season, the voters of Keystone face a pivotal decision that will shape the future of our growing town. Two important ballot initiatives are up for consideration: Town of Keystone Ballot Issue 2A (2% Lodging Tax) and 2B (de-Brucing). First, ballot issue 2B allows the town to retain funds from various revenue sources, facilitating

As film and television production continues to lag behind pre-strike levels and more shoots leave California for tax-friendly states like Georgia, Gavin Newsom and Karen Bass have unveiled a plan intended to stop some of the bleeding. The California governor and Los Angeles mayor appeared together at Raleigh Studios in Hollywood on Sunday to announce

Keep up with LAist. If you’re enjoying this article, you’ll love our daily newsletter, The LA Report. Each weekday, catch up on the 5 most pressing stories to start your morning in 3 minutes or less. Topline: Governor Gavin Newsom is slated to announce an expansion of the state’s tax credit for the film and

It may be time to reconsider how the tax code can best assist homeowners who suffer catastrophic losses, as hurricanes and other natural disasters are becoming more frequent and severe. The current system for casualty loss deductions is outdated and inequitable, given escalating property values and the fluctuating costs of rebuilding. Casualty losses are deductible

A committee looking at tax in Sark will set up six focus groups to look at the issue after a review. The committee said it received 248 responses to its questionnaire on tax. It said the feedback had given them “clear steers” on the areas to investigate further. The next step involved the creation focus

SolarEdge Technologies The final rule confirms that SolarEdge DC-Optimized inverter systems qualify for the 11c/w advanced manufacturing production credit. The advanced manufacturing production credits support the Company’s ability to provide SolarEdge installers, commercial developers, and their customers with dependable, fast access to domestically produced, best-in-class technology. SolarEdge Technologies, Inc., a global leader in smart energy

JEFFERSON CITY, Mo. – The ads promoting a ballot measure to legalize sports betting in Missouri tout the potential for millions of new tax dollars devoted to schools. If voters approve the measure, it’s a good bet they will see even more ads offering special promotions for bettors. Many of those promotional costs — in