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Congress could pass legislation authorizing advance refundings and liberalizing private activity bond restrictions to aid in disaster recovery, NABL said.
September 5 -
The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.
August 23 -
The cut has dropped from 6.6% in fiscal 2018 and 6.9% in fiscal 2017. The initial sequestration cut in fiscal 2013 was 8.7%.
August 17 -
The bonds were issued by the Chester County Industrial Development Agency for West Chester University in Pennsylvania.
August 10 -
The Trump administration’s effort to publish a proposed rule comes just over two months after the IRS announced May 23 it was working on the regulations to enforce the $10,000 cap on what previously was an unlimited personal deduction of state and local taxes, also known as SALT.
August 6 -
The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.
July 27 -
The 1.2-percentage point reduction will amount to $12,000 in saving on a $1 million tax settlement.
July 23 -
The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.
July 20 -
The new service will save dealer firms time and effort as they enter into muni underwriting syndicates.
July 13 -
Tax accountants, financial advisors, private schools, and other organizations are advertising tax credits for donating to private K-12 voucher funds as ways to "sidestep," "bypass," "circumvent," or "mitigate" the impact of the federal SALT deduction cap, according to a survey.
July 5