Taxes

You can see where this is going. As the US gets ever closer to hitting its borrowing limit sometime this summer, Congress is stumbling towards its usual off-ramp: Finding a way to continue borrowing while avoiding the hard choices needed to reduce deficits and slow the growth of the ever-increasing debt. At the moment, at

The dispute between certain owners of interests in low income housing projects and not for profit sponsors has taken an ugly turn. AMTAX Holdings 227, LLC has filed suit in the United States District Court for the Southern District of New York against accounting firm CohnReznick LLC. CohnReznick is a top twenty firm. According to

Last year, Gov. Ron DeSantis (R) made waves in Florida when he took steps to eliminate the Reedy Creek Improvement District, a special services tax district that includes Disney World. The fight between DeSantis and the Walt Disney DIS Company is now headed to court. Background On April 22, 2022, DeSantis signed a bill into

The taxes levied on overnight stays could fund much more than convention centres and marketing campaigns. They can make places more vibrant, inclusive and worth visiting. From Saturday, April 1, everyone staying in Manchester will have £1 GBP added to their hotel stay per night. The tourist tax is a first for the U.K. and

Entertainer and business success Beyoncé Knowles-Carter—known to fans as Beyoncé or Queen Bey—has filed a petition in U.S. Tax Court contesting nearly $2.7 million in tax and penalties. The April 17, 2023, petition asks the court to reconsider additional tax and penalties assessed by the IRS in a January 18, 2023, Notice of Deficiency. Amounts