Friday, February 7, 2020

Bye-bye, reporting requirements? - POLITICO

— The IRS holds a hearing this morning on proposed regulations that would end a requirement that politically oriented nonprofits disclose to the agency the names and addresses of donors, and those rules look to be on the fast track to finalized.

— What if both proponents and skeptics of the GOP tax law's Opportunity Zones wanted additional reporting requirements, because they believed it would prove their point on the program?

— Tax Court fallout: A case involving a well-known Northern California cannabis dispensary could have broad ramifications for the entire industry.

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Publisher: POLITICO
Twitter: @politico
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And here's another article:

The President Visits North Carolina, Where State-Level Reforms Complement Trump's Federal

President Donald Trump walks towards the Marine One on the South Lawn. (Photo by Alex Wong/Getty ... [+] Images)

Before President Trump signed the Tax Cuts & Jobs Act into law, the United States imposed the highest corporate income tax rate in the developed world. Likewise, the tax cuts enacted in North Carolina over the past decade have relieved the Tar Heel State of its dubious distinction as home to the highest income tax rates, both personal and corporate, in the Southeast (that dishonor now goes to South Carolina, though the Governor there wants to fix that).

Publisher: Forbes
Date: 2020-02-07
Author: Patrick Gleason
Twitter: @forbes
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House panel to hold hearing examining GOP tax law regulations affecting corporations | TheHill

The hearing will also compare IRS audit rates of large corporations with those for low-income taxpayers claiming the earned income tax credit, Hatch said.

The hearing comes after The New York Times published an article late last year reporting that the Treasury Department issued regulations about the international provisions of the GOP tax law that will allow companies to have smaller tax bills than had been anticipated when Trump signed the law, following a lobbying blitz by corporations.

Publisher: TheHill
Date: 2020-02-04T11:36:31-05:00
Author: Naomi Jagoda
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Rhode Island DOT Extends Comment Due Date for Proposed Regulations on Employers' Income Tax

The Rhode Island Division of Taxation Feb. 5 extended the comment due date for proposed regulations on employers' withholding for individual income and corporate income tax purposes. The extended comment date is March 2, from Feb. 29. [R.I. Div. of Tax'n, Proposed Regs. Sections 20-55-10.1, 20-55-10.3, 20-55-10.5 et al., 02/05/20]

Twitter: @tax
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Not to change the topic here:

Recovering Taxes Paid in Malpractice Actions: A New Look in New York | New York Law Journal

This article provides an overview of the steps needed to domesticate sister-state judgments in New York depending on how the sister-state judgment was obtained, with a particular focus on domestication of sister-state judgments entered on default.

Publisher: New York Law Journal
Date: 2020-02-07
Author: James S O Brien Jr
Twitter: @NYLawJournal
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Omega execs issue caution about supplemental Medicaid pay proposal - News - McKnight's Long

Omega Healthcare and its operators expressed reservations Thursday about a proposed federal rule that threatens several Medicaid funding programs for providers. Company executives conveyed concerns during a fourth-quarter earnings call Thursday morning. 

Officials also noted that the company should finish shedding connections with many Daybreak Ventures connections over the next half year.

The Medicaid Fiscal Accountability Regulation (MFAR) was proposed by the Centers for Medicare & Medicaid Services in November. 

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Publisher: McKnight's Long Term Care News
Date: 2020-02-07T04:11:36-05:00
Twitter: @mcknightsltcn
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Tech Cos. Want Tax Rules To Sync On Sales Without Borders - Law360

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Author: https www law360 com tax authority articles 1239000 tech cos want tax rules to sync on sales without borders
Twitter: @law360
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Lawmakers, advocates rally to push for Pennsylvania to do away with property tax | News |

Pennsylvania state Sen. Kristin Phillips-Hill (center) addresses a rally Feb. 3, 2020, on property taxes as Sen. Doug Mastriano (left) looks on.

For Pennsylvania lawmakers who see the state's rising property taxes as an intolerable burden on the state's fixed-income residents, Monday was a day to try to rally support for repealing the taxes.

Publisher: MDJOnline.com
Date: 2E0D4B72C6AE2F3B05983D28DEEA68C5
Author: Dave Lemery The Center Square
Twitter: @NeighborNews
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