Taxes

Several states tax nonresident income even when the income is earned in the employee’s primary state of residence.

Millions of out-of-work Americans who are collecting unemployment benefits as a result of the coronavirus pandemic could face an unpleasant surprise when they file their taxes next year.

More than a dozen states submitted legal briefs this week to weigh in on a petition that New Hampshire filed with the court in October to stop Massachusetts from taxing residents working remotely.

The $2.3 trillion omnibus spending bill and COVID-19 relief package passed by Congress Monday night includes an extended timetable for how soon U.S. troops and federal employees have to pay back deferred Social Security taxes, thereby reducing the hit to their paychecks next year.

Spending the time now to begin working on your end-of-year tax planning can be incredibly beneficial to your bottom line.

Congress is considering countermanding the Treasury with tax benefits worth hundreds of billions of dollars for business owners.

The Internal Revenue Service (IRS) explicitly asks taxpayers to disclose their cryptocurrency transactions on the newest tax form, making it easier for the federal government to tamp down on fraud or tax evasion later down the line. 

Rep. Chip Roy, R-Texas, wrote a letter to Treasury Secretary Steve Mnuchin demanding that he stop “sticking it to small businesses” by denying deductibility for Paycheck Protection Program (PPP) loans. 

As billionaires like Elon Musk move their businesses from states like California and New York to Texas, Ross Perot Jr. touted his state as the place for "economic freedom."

Assembly Speaker Carl Heastie, a Democrat from the Bronx, told reporters Monday he wants to increase rates during a December session so they can take effect starting in 2021.

The King County Council included $7.7 million in its 2021 budget for the so-called restorative justice program.

Luxury real estate specialist Katrina Campins said that companies and people are flocking to South Florida amid the coronavirus pandemic.