Governor Wolf and other Pennsylvania lawmakers recently passed the state budget for FY22-23 (the “Budget”). Coming in at $45.2 billion, the negotiations entailed to finalize the Budget appear to be worth the effort by having the best of both worlds-
Helpful Crypto Taxation Report From Kansas
This month, the Kansas Legislative Division of Post Audit, a “non-partisan audit arm of the Kansas Legislature, released a very good background report on cryptocurrency and tax issues – Reviewing Issues Related to State Cryptocurrency Tax Policies. The Division’s…
Cumulative Acts of Fraud Requires Jail
Nonprofit Tweets of the Week – 7/22/22
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week.
Notable Events of the Week:
- “As the Planet Cooks, Climate Stalls as a Political Issue Joe Manchin’s rejection of
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Jeffrey Birdsong presents to the New Orleans Chapter of the Association of Legal Administrators (ALA)
Jeffrey Birdsong, an associate on the state and local tax team, presented to the New Orleans Chapter of the Association of Legal Administrators (ALA) on July 21.
Jeff’s presentation, “State and Local Tax Issues Related to Remote Work in…
New Retirement Plan Distribution Rules Likely on the Way
Several years ago, the SECURE Act was passed, which had major changes to the tax rules relating to retirement plan distributions. Another act on that subject is working through Congress – the Enhancing American Retirement Now (EARN) Act. A version…
Sales Tax on NFTs: Washington State Guidance Blazes Trail Other States May Follow
The Washington state Department of Revenue (WDOR) in July 2022 published detailed guidance on the sales tax consequences of non-fungible token (NFT) sales, the first such guidance in the United States, and other state tax agencies may be eyeing…
State AGs Continue Aggressive Oversight of Nonprofits
“The IRS is not the only sheriff in town,” wrote Notre Dame law professor Lloyd Hitoshi Mayer in 2016. “Especially for charities, state regulators have the authority and willingness to pursue wrongdoing.”
In The Rising of the States in Nonprofit …
Greenberg Traurig Secures Win for Client in Obus v. New York State Tax Appeals Tribunal; Ruling is Major Change in New York Law on Statutory Residency
In a major change in New York’s law on statutory residency, in a June 30 ruling in Obus v. New York State Tax Appeals Tribunal, the New York State Appellate Division, Third Department, held that a vacation home of…
Insight into the fall elections with MultiState
In this episode of the SALT Shaker Podcast policy series, Eversheds Sutherland Partner and host Nikki Dobay is rejoined by Morgan Scarboro, Senior Director of Tax Policy at MultiState.
Morgan reviews what needs to be on your radar for…