Louisiana Issues Guidance on Use Tax on Vehicles Registered by New Residents
The Louisiana Department of Revenue has issued guidance on the calculation of use tax on vehicles registered by new residents. …
Patricia M. McDermott, Esq.
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Missouri Announces 2024 Corporate Income Tax Year Changes
The Missouri Department of Revenue has announced corporate income tax year changes, effective for the tax year beginning January 1, …
Louisiana Constitutional Referendum Would Amend Numerous Tax Provisions
Legislation establishing a constitutional referendum, pending voter approval at a statewide election to be held March 29, 2025, has become …
Connecticut Issues Guidance on Conveyance Tax Credit
The Connecticut Department of Revenue Services has provided guidance stipulating that, due to changes made in the 2022 legislative session, …
Missouri Amends Historic Tax Preservation Tax Credit; Property Tax Provisions
Missouri Governor Michael L. Parson has signed legislation amending the historic tax preservation tax credit and naming it the Missouri …
Connecticut Extends NOL Carryforwards, Amends Other State and Local Taxes
Connecticut Governor Ned Lamont has signed legislation extending to 30 years the net operating loss (NOL) carryforward deduction and modifying …
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Werfel Updates Congressional Committee on IRS’s Ongoing ERC Fraud Actions
By Debbie Tam On May 7, 2024, IRS Commissioner Daniel Werfel, during a hearing before the House Committee on Appropriations, discussed …
Federal Reserve Fines Bank for Hidden Tax Prep Fees
The Federal Reserve System Board of Governors issued a cease-and-desist order and assessed a $44 million penalty against a bank …
Tax-Exempt Organizations Exempt From Filing Form 4626 for Tax Year 2023
On Wednesday, the IRS excused tax-exempt organizations from the requirement to file Form 4626, Alternative Minimum Tax – Corporations, for tax year …