House Repeals Insurance Tax Credit
The taxation of insurance companies is a bit like baseball. Some of the most significant limitations on the states’ taxing powers are based on the prohibition of state interference with interstate commerce.
Search Results for: Paul McCord
How Much Deference is Owed? Court of Appeals Reverses State Tax Administrator’s Use of Federal Tax Concepts
Tax is statutory. No one owes tax unless a statute imposes that liability. Thus, all tax cases begin with the applicable statute. However, tax statutes sometimes are written in general terms, requiring that important details be filled in either by reference to other authorities, administrative rules or guidance issued the state agency. Further, state tax … Continue reading How Much Deference is Owed? Court of Appeals Reverses State Tax Administrator’s Use of Federal Tax Concepts
March Madness: IRS Issues New Reporting Rules for Trust and Estate Beneficiaries
Last year the President signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, which added Section 1014(f) to the IRC.