State income tax

Tax

2013 NFL Draft: Who's #1 . . . After Income Taxes?

Nobody wants to come in second instead of first. But depending on how the pieces of the tax puzzle fit together, second place could be a lot more profitable. Take a look at this recent scenario in which the number two draft choice netted well over a quarter million dollars more than the number one.
Tax

State Nexus Policies Focus of Bloomberg BNA Survey

Many states say they would find nexus as a result of owning a web server in their jurisdiction, telecommuting employees, and making transactions that involve non-US entities, according to the thirteenth annual "Survey of State Tax Departments" by Bloomberg BNA.
Tax

Tax Freedom Day Finally Arrives for 2013

Tax Freedom Day® arrives today, the 108th day of 2013, according to the Tax Foundation's annual calculation. Americans will work well over three months of the year before they have earned enough money to pay this year's tax obligations.
Tax

A Few Nuggets Found in Obama and Biden Tax Returns

Just before the April 15 due date, the White House released the 2012 federal income tax returns for President Obama and Vice President Biden. Both the POTUS and the Veep filed joint returns with their respective spouses. Overall, there were just a few mild surprises.
Tax

UPDATE - Tax Man to MLB: "Take Me Out to the Ball Game!"

Smart tax professionals who are aware of existing reciprocity laws can save professional athletes a bundle in taxes they don't really owe. That's why players have to rely on their tax advisors to know where reciprocity laws exist . . . and get it right.

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