Tax Blog
Tips to help you prepare for tax season
Tennessee’s Governor Lee Pushes to Clear Out Remnants of Income Taxation
Tax Policy - Tennessee’s Governor Lee Pushes to Clear Out Remnants of Income Taxation Tennessee Governor Bill Lee’s 2020 budget proposal includes cutting in half what’s left of Tennessee’s privilege tax. Lee’s plan would continue the trend of Volunteer State...
Will Arizona Lead the Way on Full Expensing This Year?
Tax Policy - Will Arizona Lead the Way on Full Expensing This Year? Earlier this week, a tax omnibus bill—Senate Bill 1398—advanced out of the Arizona Senate Finance Committee with a favorable recommendation. This bill includes many tax changes (paywall), but...
Overview of Democratic Presidential Candidate Michael Bloomberg’s Tax Plan
Tax Policy - Overview of Democratic Presidential Candidate Michael Bloomberg’s Tax Plan This week, Democratic presidential candidate and former New York City Mayor Michael Bloomberg released his plan to increase taxes on businesses and wealthy individuals, which...
Tax Subsidies for R&D Expenditures in Europe
Tax Policy - Tax Subsidies for R&D Expenditures in Europe Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity....
How the Puerto Rico Disaster Package Targets Relief but Creates Tax Complexity
Tax Policy - How the Puerto Rico Disaster Package Targets Relief but Creates Tax Complexity In recent years, hurricanes devastated the U.S. Atlantic coast and other island territories. Many communities—including those in Puerto Rico and the Virgin Islands—are...
Final rules determine maximum vehicle values
IRS Tax News - Final rules determine maximum vehicle values The IRS finalized the rules for maximum vehicle values under the cents-per-mile valuation rule and the fleet-average valuation rule after the law known as the Tax Cuts and Jobs Act increased those...
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