State Tax Changes as of July 1, 2019

Key Findings Twenty-three states and the District of Columbia had notable tax services changes take effect on July 1, 2019. Indiana had the lone corporate income tax services change, with the rate decreasing from 5.75 to 5.5 percent. Two states saw changes to certain...
Testimony before the House Ways and Means Select Revenue Measures Subcommittee

Testimony before the House Ways and Means Select Revenue Measures Subcommittee

Nicole Kaeding, Vice President of Federal and Special Projects at the tax services Foundation, testifies before the House Ways and Means Select Revenue Measures Subcomittee on the impact of limiting the SALT deduction. See her full testimony below. The Impacts of...

Simplifying Complex Income Tax Deduction Rules Would Benefit Short-Term Rental Arrangements

The growth of the sharing economy has raised important questions about the proper tax services treatment of assets divided between business and personal use. One example is the tax services treatment of personal residences used as short-term rental properties, which...

Synopsis of New IRS Rules on SALT Deduction Cap Charitable Workaround

This afternoon, the Department of the Treasury and the Internal Revenue Service issued long-anticipated new rules and guidance on the charitable contribution SALT deduction workaround. They’re much what we expected, and I’ll save a detailed analysis for a later date,...