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Ohio Tells Justices ARPA's Tax Cut Limits Need Review

By Michael Nunes

Ohio urged the U.S. Supreme Court to review a Sixth Circuit decision that threw out the state's challenge to restrictions in the American Rescue Plan Act, calling a provision mandating that funds not go toward tax cuts ambiguous.

Ohio Board Reverses IHOP Property Value Reduction

By Michael Nunes

A property that operated as an IHOP can't claim that a loss in revenue caused by the COVID-19 pandemic warrants a reduced assessment, the state Board of Tax Appeals ruled, reversing a reduction granted by a local tax board.

Treasury Asks Justices To Toss Ohio's ARPA Tax Cut Appeal

By Sanjay Talwani

The Sixth Circuit was correct to throw out Ohio's challenge to restrictions on spending pandemic recovery funds to finance tax cuts, the U.S. Treasury Department told the U.S. Supreme Court, saying the state never proved it faced any looming potential injury.

Calif. Exempts COVID Student Loan Help From Income Tax

By Jared Serre

California exempted certain student loan assistance provided because of the COVID-19 pandemic from the state's income tax under a bill signed by Democratic Gov. Gavin Newsom.

Ex-IRS Officer Led $3M Pandemic Loan Scam, Feds Say

By Anna Scott Farrell

A former IRS revenue officer led a criminal ring to bilk $3 million from the pandemic Paycheck Protection Program by guiding his brother and his brother's friends to make fraudulent loan applications that included fake tax documents, federal prosecutors in California told a federal court.

COVID Payments Reached Americans Quickly, Treasury Says

By Asha Glover

Americans received the economic impact payments delivered under coronavirus aid legislation in 2020 quickly, the U.S. Department of the Treasury said Tuesday, finding that 95% of recipients received the payments within six weeks.


Expert Analysis

Employee Retention Tax Credit: Gray Areas And Red Flags

The subjective nature of the pandemic-prompted employee retention credit, coupled with a lack of Internal Revenue Service guidance, have created fertile ground for opportunists, so businesses seeking this tax benefit should be mindful of tax advisers who would involve them in fraudulent ERC claims, say attorneys at Holland & Knight.

Tax Equity Requires Reinstating The Home Office Deduction

Congress should restore the home office deduction for W-2 workers in the interest of tax equity because permanently remote workers now bear the cost of creating quiet, dedicated work spaces, a pandemic-related shift unforeseen when the deduction was eliminated by 2017's Tax Cuts and Jobs Act, say James Mahon and Samantha Lesser at Becker.

How COVID Has Changed Project Development And Finance

Two and a half years into the pandemic, some COVID-19-specific provisions are now common in the project development and finance markets, while others are still undergoing negotiation, say Nate Galer and Katy McNeil at Mayer Brown.

MORE COVERAGE

May 3, 2023 07:01 PM

Divided Full 6th Circ. Won't Rehear ARPA Tax Suit

April 13, 2023 07:07 PM

Think Tanks, 9 States Urge Justices To Hear Ohio's ARPA Case

April 3, 2023 09:40 PM

Realty Co. Protests Again Over Canceled IRS Solicitation

March 31, 2023 10:00 PM

New Laws For Courts, Attys, Workers On Ga. Gov.'s Desk

March 30, 2023 06:05 PM

Accountants Urge IRS To Offer Pandemic Penalty Relief

March 27, 2023 06:03 PM

Ky., Tenn. Urge 6th Circ. Not To Rehear ARPA Tax Suit

March 27, 2023 05:01 PM

Arizona Drops ARPA Case Over Pandemic Tax Clawbacks

March 24, 2023 02:02 PM

Top Shipper Pays Lower Tax Rate Than Workers, Report Says

March 17, 2023 06:55 PM

Ohio Asks Supreme Court To Review ARPA Tax Cut Limit Case

March 8, 2023 04:44 PM

IRS Corrects Rules Allowing COVID Relief Credits Recapture

March 8, 2023 05:41 PM

St. Louis To Appeal On Remote Earnings Tax

February 27, 2023 04:10 PM

Minn. Senate Bill Seeks Restaurant Equipment Tax Exemption

February 17, 2023 05:25 PM

DOD Sues For Soldier's Tax Records In PPP Loan Fraud Probe

January 30, 2023 11:58 AM

NY Assembly Bill Would Make Cloth Face Masks Tax-Exempt

January 25, 2023 07:00 PM

6th Circ. Judge 'Baffled' By 'Casual' Mich. Mistrial Decision

January 23, 2023 05:20 PM

Del. To Exclude Relief Rebates For Fed. Income Tax Purposes

January 19, 2023 08:15 PM

St. Louis Ordered To Issue Tax Refunds To Teleworkers

January 17, 2023 06:34 PM

Top 1% Gained Two-Thirds Of All New Wealth, Oxfam Says

January 17, 2023 09:46 AM

Justices Won't Hear Mo. Challenge To ARPA Tax Cut Limit

January 9, 2023 03:42 PM

Ohio Allows For Tax Amnesty But Only If Revenue Is Needed