There has been more focus on self-employment tax in recent years than in many years prior. There is ongoing litigation on what “limited partner, as such” under Section 1402(a)(13), added in 1977, means. This special rule provides that net earnings…

Minnesota SF 3197 would impose a gross receipts tax on social media platforms that collect data from over 100,000 Minnesota consumers in a month. The rate depends on how many consumers data is collected from starting at 10 cents/customer/month if…

In his State of the State address on March 4, 2025, Florida Governor DeSantis made this statement: “While Florida property values have surged in recent years, this has come at a cost to taxpayer squeezed by increasing local government property taxes.…

HB 453 introduced in the Montana Legislature on February 11, 2025 calls for the Department of Revenue to create a program to allow state income taxes to be paid with cryptocurrency through arrangements with one ore more third party payment…

Both presidential candidates offered a tax law change to make tips non-taxable. A few days after the inauguration, President Trump was in Las Vegas at a rally for “No Tax on Tips.”  What is so special about tips to…

Over the years, we see numerous federal and state tax law changes such as adding or modifying a credit, deduction or exclusion. We sometimes see rate cuts and increased deductions, such as most individuals experienced for 2018 through 2025 with…

12/9/24 news releasePer a December 9, 2024 story at the New York State website, Governor Hochul has proposed “sending 8.6 million New Yorkers an Inflation Refund Check as first proposal of 2025 State of the State.”The rationale is that…