Rhode Island Extends and Modifies Tax Credits
by Tyna Mikulec, Esq. On June 27, 2022, Rhode Island Governor Dan McKee signed legislation that modified provisions for the …
Manchin, Schumer Negotiating Scaled-Back Reconciliation Bill
Senate Majority Leader Charles Schumer (D-NY) is negotiating a scaled-back reconciliation package totaling about $1 trillion in hopes of bringing …
South Carolina Passes 2022-2023 Budget
by Maria T. Albanese, JD, LLM South Carolina’s 2022-2023 budget was ratified by the legislature on June 16, 2022, but …
CBO: Federal Budget ‘Highly Sensitive’ to Economic Flux
If economic growth slows and costs rise at rates slightly less favorable than currently forecast, the federal budget could suffer …
Virginia Enacts Budget Bill for 2022-2024 Biennium
by Margaret Eisler, Esq. Virginia Governor Glenn Youngkin signed legislation enacting the state budget for the 2022-2024 biennium. The bill eliminates the …
TC: Offer-in-Compromise Was Rejected When File Was Closed
The U.S. Tax Court has held that a taxpayer’s offer-in-compromise (OIC) was rejected by the IRS when an agency collection …
Michigan Supreme Court Holds Treasury Department Improperly Disallowed SBT Credits That Passed by Operation of Law
By Peter G. Pupke, Esq. The Michigan Supreme Court has held that the Department of Treasury improperly disallowed the taxpayer …
Sales and Use Tax Relief Provided in Response to COVID-19
As the battle against the coronavirus (COVID-19) pandemic continues, states and localities are providing taxpayers with some tax relief. The …
Tax Relief Offered by States and Localities in Response to COVID-19
Tax relief provided by state and local tax and revenue departments in response to the novel coronavirus (COVID-19) is discussed …
Federal Court Dismisses States’ Challenge to SALT Deduction Cap
A federal district court has dismissed four states’ constitutional challenge to the state and local tax (SALT) deduction cap enacted …