Almost 70 percent of organizations that would be directly impacted by the Internal Revenue Service's newly proposed nonprofit rules say they want the government to continue with its rulemaking process, according to an analysis released by political watchdog group Public Citizen on Wednesday.
California lawmakers on Wednesday took the first steps toward passing legislation that would further conform treatment of limited liability companies with the federal tax code by excluding LLCs from the state's personal income tax withholding requirements.
Sen. Patty Murray, D-Wash., introduced a bill Thursday that would increase the maximum Earned Income Tax Credit for childless workers and toughen penalties against tax preparers who don't perform due diligence.
Many client-development and team-building events are more stereotypically masculine. However, you can’t swing the pendulum too far the other way and only do spa days and cooking classes. There is a balance in remaining true to who you are while also giving some pushback on "the way things are always done," says Shonn Brown, a partner with Gruber Hurst Johansen Hail Shank LLP.
When I was a relatively new associate, I was called “a little girl” by opposing counsel. I responded that I would show him what this “little girl" could do. Although it infuriated me, that experience taught me that portraying myself as confident would help me be successful, says Tiffany Downs, head of FordHarrison LLP's employee benefits practice group.
Shared space company Airbnb Inc. is testing out a new initiative — where it works with city officials to get on board with the company's presence — and has offered to pay lodging taxes to Portland, Ore., a company founder announced Wednesday.
A group of 29 senators on Wednesday urged the Senate Finance Committee to preserve several clean energy tax credits, including the Production Tax Credit for wind energy, saying it could threaten tens of thousands of jobs across the country.
A Delaware federal judge on Wednesday killed a derivatives suit accusing Qualcomm Inc. executives of using an allegedly misleading proxy statement to coerce shareholders into approving stock bonuses so the company could reap tax benefits, ruling the shareholders had a choice with the vote.
U.K. Parliament members on Monday berated the head of the nation's tax agency for allowing it to use a terrorism-related law to track a whistleblower who revealed an agency member allowed Goldman Sachs Group Inc. to evade at least £10 million ($16.58 million) in tax interest.
The California Board of Equalization on Tuesday put its support behind a proposal being floated in the state Legislature that would exempt privately constructed space stations, rockets and related space exploration technology from property taxes for the next decade.
The IRS' announcement Tuesday that it would treat Bitcoins and other virtual currencies like other common forms of property for tax purposes is a boon for investors, but attorneys say individuals using the currencies to pay for everyday items potentially face additional tax liability.
Illinois Gov. Pat Quinn on Wednesday outlined his budget for fiscal year 2015, which makes permanent a previously temporary tax hike to prevent "extreme and radical" cuts to public services in the state and includes guaranteed property tax refunds.
A former Internal Revenue Service employee has been indicted for stealing taxpayer information and filing false tax returns to obtain the refunds, the U.S. Department of Justice announced Tuesday.
The Eleventh Circuit on Wednesday quashed a bankruptcy trustee's attempt to recover tax payments a construction company made to the Internal Revenue Service before filing for Chapter 7, finding the IRS was shielded by the "mere conduit" exemption in the U.S. Bankruptcy Code.
The California Assembly Committee on Arts, Entertainment, Sports, Tourism and Internet Media on Tuesday unanimously passed legislation that would expand the state’s current practice of luring filmmakers with tax credits to remain in-state, sending the bill to the Assembly Committee on Revenue and Taxation.
The Michigan House of Representatives on Tuesday voted by an overwhelming bipartisan majority to pass a package of tax bills that would phase out the state’s personal property tax on qualifying industrial and commercial equipment.
Maryland Gov. Martin O'Malley is expected to sign legislation that would bring the state's estate tax exemption — currently one of the lowest in the U.S. — in line with the federal revenue code in the next five years, a representative for the governor said Wednesday.
I never doubted that I could be successful. I expected my male counterparts to include me, mentor me and respect my thoughts. I just took a seat at the table and was not told to leave, says Jill Bronson, leader of Drinker Biddle & Reath LLP's corporate finance team and partner-in-charge of the firm's Philadelphia office.
The subtle sexism I find is that a client or co-counsel might challenge my advice because they think it (and thus me) not “aggressive enough.” If a woman proposes a strategy that, based on her experience, is more effective than a lawsuit, she may be seen as not being "tough," says Mary McCutcheon, chairwoman of Farella Braun & Martel LLP's construction and insurance coverage department.
Indiana Gov. Mike Pence on Tuesday signed into law a bill that slashed the corporate income tax rate in Indiana to 4.9 percent and lowered the state’s personal property tax on certain business equipment.