Daily Tax Report State
Millionaire Tax Plans Spread as Washington Eyes New Levy
When Washington Governor
Student Loan Forgiveness Poses Looming Tax Dilemma for States
States face a tough choice in the year ahead: pile onto US tax bills looming for thousands of student loan borrowers whose debts are forgiven under an income-driven repayment plan, or forgo much-needed revenue.
Chicago Mayor Decides Against Budget Veto, Though Will Not Sign
Chicago Mayor
NYC Faces $10 Billion Budget Gap As Business Tax Revenue Slows
New York City is staring down a $10 billion budget gap next fiscal year, reflecting slowing tax collections and uncertainty over federal funding streams, state Comptroller Thomas DiNapoli said in a new report.
First Batch of Tax Forms for Crypto Transactions Sow Confusion
Cryptocurrency investors will head into a new and confusing tax season next year as they receive the first-ever batch of reporting statements disclosing information from their digital asset transactions and navigate potential differences in federal and state rules.
Latest Stories
Ohio Tax Foreclosure Damages Suit Tossed by State Appeals Court
A group of former homeowners can’t sue an Ohio county for damages from property tax foreclosures where the homes never sold at auction, and instead had to file mandamus claims to determine the compensation owed, the Ohio Court of Appeals held.
Charter Loses Bid for Lower Tech Tax Rate at NY Appeals Court
Goods Shipped Through Ohio Still Taxable, State High Court Rules
The Ohio Supreme Court reversed a tax board ruling granting soap maker VVF Intervest LLC a $350,000 CAT refund, finding that while Ohio was just one leg of a continuous delivery process, the state was still owed tax.
Millionaire Tax Plans Spread as Washington Eyes New Levy
When Washington Governor
Dow Loses Uniformity Challenge to Pennsylvania Corporate Tax
Student Loan Forgiveness Poses Looming Tax Dilemma for States
States face a tough choice in the year ahead: pile onto US tax bills looming for thousands of student loan borrowers whose debts are forgiven under an income-driven repayment plan, or forgo much-needed revenue.
Brockman Estate Settles Tax Fraud Case for $750 Million
The estate of software billionaire Robert Brockman agreed to pay $750 million in back taxes and penalties to the Internal Revenue Service, resolving a civil case over Brockman’s alleged decades-long scheme to hide billions from the authorities.
Washington Governor Proposes Tax on Incomes Above $1 Million
Washington Gov. Bob Ferguson proposed the state’s first personal income tax, which he said should apply to people earning more than $1 million.
US Set to Garnish Wages for Student Debt Collection in 2026
The Trump administration will begin to seize student debt repayments from the wages of borrowers in default early next year, the US
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FaZe Clan Influencers Exit Amid Contract Dispute With Owner (1)
The future of the popular influencer group FaZe Clan is in flux once again after several members announced their departures this week following failed contract talks with new management.
Coinbase Says Former Agent Arrested In India Over Exchange Hack
Malaysia Fines Ex-PM Najib $2.8 Billion for 1MDB, Adds Jail Time
Former Malaysian Prime Minister
Bitcoin’s Slide Sets Up an Unusual Tax Harvesting Opportunity
Bitcoin’s 30% slide from its all-time high is creating conditions financial advisers say are likely driving more tax-loss harvesting in digital assets than in previous years.
BofA Employee Charged With Arranging Drug Gathering in Singapore
An employee of Bank of America was charged in a Singapore state court for arranging a Christmas Eve gathering where controlled drugs were consumed.
LastPass Agrees to Reimburse Crypto in Data Breach Settlement
LastPass agreed to pay at least $8.2 million to settle allegations that the password manager failed to protect users’ personal information, as well as offer up to $16.25 million for cryptocurrency reimbursement.
Tax Your Crypto and NFTs? Yes, the IRS Wants Its Cut
Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.
Tax Developments
View MoreOhio Supreme Court Upholds CAT on Out-of-State Manufacturer for Goods Temporarily Transported in State
The Ohio Supreme Court reversed the Board of Tax Appeals’ decision, ruling that gross receipts from products shipped to an Ohio distribution center were properly subject to Ohio’s commercial activity ...
Washington DOR Issues Updated Excise Tax Advisory on Use, B&O Tax for Self-Produced Fuels
The Washington Department of Revenue (DOR) issued an excise tax advisory regarding the application of state and local use tax and business and occupation (B&O) tax to self-produced fuels, including ...
New Mexico Tax Department Updates GRT Codes, Rates for Tribal, Special Jurisdictions
The New Mexico Taxation and Revenue Department updated gross receipts tax (GRT) codes and rates for sales located in certain counties within the state, effective Jan. 1, 2026 to June ...
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