Tax & Accounting News

Taxpayers may benefit from certain state tax provisions on reporting and responding to federal partnership audit adjustments.

A new Arizona law clarifies some income tax issues involving virtual currency and non-fungible tokens (NFTs).

Illinois provides an agritourism liability insurance credit for state income taxpayers. Kansas has a similar credit for corporate income taxpayers.

Taxpayers who have student loans forgiven are spared a federal tax bill, but not all states treat forgiven loans the same.

Construction companies face more complex sales and use tax planning and compliance rules than other businesses mainly because the construction process itself is inherently complex.

Construction companies face complex and unique challenges in planning for and complying with the sales and use tax obligations they face in the states in which they do business.

The Missouri legislature passed legislation late Friday, May 14 that would impose the requirement to collect and remit sales tax on out-of-state businesses who sell their products into the state.

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