1,261 results found

The final FBAR regulations, effective on March 28, 2011, help to clarify the filing obligations of limited liability companies, trust beneficiaries and those holding signatory authority over foreign financial accounts.

On Tuesday afternoon, Governor Mikie Sherrill presented her Fiscal Year (FY) 2027 state budget to a joint session of the New Jersey Legislature in Trenton, NJ.

New York Governor Kathy Hochul recently signed three bills into law that impact administration and operation of New York's industrial development agencies and authorities ("IDAs").

On June 14, 2022, HB 140 (134th General Assembly; Amended House Bill 140), also known as the "Ballot Uniformity and Transparency Act" (the "Act"), was signed into law, providing dramatic...

2017 will bring Republican control to D.C. It will also potentially bring tax reform. Both President Elect Donald Trump and House Republicans have proposed sweeping changes to the U.S. tax system...

On September 2, 2015, the U.S. Department of the Treasury and the Internal Revenue Service issued Temporary Regulation § 1.954-2T.

Most real estate investors have at least a passing familiarity with the concept of a "tax sale" or the acquisition of tax delinquent property subsequent to foreclosure. Although there are several ways to acquire tax delinquent properties, this primer relates to purchasing properties subject to non-judicial foreclosure.

Property taxes often represent a significant chunk of an owner's annual expenses.

The Senate Finance Committee approved a package of 17 relatively noncontroversial bills last week that includes provisions to ease restrictions under the Foreign Investment Real Property Tax Act of 1980...

Increased Standard Deduction for 2025 to $15,750 and $31,500 for single and married filing jointly, respectively...

In the wake of the wildfires in Los Angeles County, the Internal Revenue Service, the California Franchise Tax Board, and Governor Gavin Newsom have offered tax relief for taxpayers in affected jurisdictions.

In a 5-to-4 decision, the Texas Supreme Court rebuffed the Texas attorney general’s attempt to undo a cy pres award using the state’s Unclaimed Property Act.

A discussion on a recent case which confirms the earlier categorisation of computerized medical equipment which is exempt from property tax.

This post is part of a continuing series on the Credit Report Blog on the subject of workouts and bankruptcies involving low-income housing tax credit (LIHTC) projects.

There were few significant developments in either federal or state tax law during 2024. But it was likely a calm before the storm; we can be sure that 2025 will be a busy year...

On September 27, Republican leadership from the House, Senate, and the Trump administration released the "Unified Framework for Fixing Our Broken Tax Code" (the "Framework").

On May 7, 2013, a complaint was filed against Cook County to enjoin the county from enforcing its newly enacted Cook County Personal Property Use Tax.