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One of the most complicated measures on California’s ballot this November is Proposition 19, which gives new property tax breaks to older homeowners, increases property taxes for those inheriting their parents’ properties...

source: Los Angeles Times

New Hampshire asked the U.S. Supreme Court to block Massachusetts from collecting income tax from roughly 80,000 New Hampshire residents who are employed by Massachusetts companies but have been working from home during the coronavirus pandemic. “Massachusetts cannot...

source: The Associated Press via U.S. News & World Report

Microchip Technology Inc. was trying to convey how widespread stay-at-home orders affected its bottom line. The chip maker went beyond the numbers in its official financial statement, touting in its press release adjusted income that...

source: Bloomberg Tax

On paper, the 21% U.S. corporate tax rate was a permanent cornerstone of the 2017 tax law, a boon to business without the expiration date attached to other provisions. In reality, that low rate is only as solid as Republicans’ ability to wield power in Washington.

source: The Wall Street Journal via Mint

In the not-so-distant past, taxpayers who itemized could generally write off the full amount of state and local tax (SALT) payments, without any dollar restrictions. This often created a tax windfall for residents of states where income taxes or property taxes — or...

source: CPA Practice Advisor

Busy season for accountants also unfortunately coincides with end-of-year tax planning. As you're working on this with your clients, here are a few investment strategies from Julian Block that may delight and help your clients save money next year.

source: AccountingWEB


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