Search for: "Virginia Department of Taxation" Results 21 - 40 of 215
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13 Jul 2022, 1:55 am by Kyle Hulehan
Key Findings Over the past two years, a wave of tax reform has swept the country, with a historic number of states improving their tax competitiveness by reducing income tax rates and enacting flatter structures. [read post]
6 Jun 2022, 5:28 pm by Angelina Cameron
  US citizens have until October 15th to file their FBAR to the US Treasury Department. [read post]
19 May 2022, 6:03 am by Kevin Kaufman
Sources: Management Science Associates Inc., state revenue departments, author calculations. [read post]
4 May 2022, 1:50 am by Kevin Kaufman
Consumption taxes are among the more economically efficient forms of taxation and are a major component of tax systems across the world. [read post]
13 Apr 2022, 1:50 am by Kevin Kaufman
Finally, Arkansas, Illinois, Missouri, Tennessee, Utah, and Virginia tax groceries at a reduced rate (with Utah recently adopting a credit to go along with the reduced rate).[1] Table 1. [read post]
2 Apr 2022, 12:44 pm by Andrew Hamm
New York State Department of Tax and Finance 21-1245Disclosure: Goldstein & Russell, P.C., whose attorneys contribute to SCOTUSblog in various capacities, is among the counsel to the petitioner in this case.Issue: Whether the Federal Credit Union Act—which exempts federal credit unions “from all taxation” other than taxes on credit unions’ real property and tangible personal property—prohibits the imposition of a state tax on the recording of… [read post]
31 Mar 2022, 6:24 am by Jacob Tingen
For example, C corporations are the only entity type that are actually taxed directly by the IRS, while S corporations (like partnerships and LLCs) act as pass-through entities for taxation purposes. [read post]
2 Mar 2022, 12:51 pm by Kevin Kaufman
Sources: Management Science Associates Inc., state revenue departments, and author calculations. [read post]
1 Feb 2022, 3:45 am by Kevin Kaufman
Sources: State statutes; state revenue departments; Bloomberg Tax. [read post]
13 Jan 2022, 1:55 am by Kevin Kaufman
Introduction From the family automobile to the department store, much of the productivity and accessibility known to today’s producers and consumers materialized because entrepreneurs like Henry Ford and James Cash Penney took risks. [read post]
11 Jan 2022, 1:55 am by Kevin Kaufman
Key Findings Twenty-one states and the District of Columbia had significant tax changes take effect on January 1, 2022 Five states (Arizona, Arkansas, Louisiana, North Carolina, and Oklahoma) cut individual income taxes effective January 1. [read post]
5 Jan 2022, 1:50 am by Kevin Kaufman
Other states rarely provide credits for taxes paid to other states under a convenience rule scenario, leading to double taxation of remote workers’ income. [read post]
16 Dec 2021, 1:50 am by Kevin Kaufman
That dramatically—if temporarily—alters the state’s treatment of business losses for the worse, and makes it the only state without NOLs, which are an integral part of corporate income taxation. [read post]
8 Dec 2021, 1:57 pm by Kevin Kaufman
Sources: State statutes; state revenue departments; Tax Foundation research. [read post]
2 Dec 2021, 2:55 am by Kevin Kaufman
Following New Hampshire is Idaho (29 percent outbound smuggling), Virginia (29 percent), Wyoming (23.1 percent), and North Dakota (18.3 percent). [read post]
17 Nov 2021, 9:01 pm by Neil H. Buchanan
On the purely political side, the coverage of the Virginia and New Jersey elections—even on CNN and MSNBC—completely misrepresented what was happening, with one talking head after another calling disappointing-but-mixed results a “bloodbath,” “Armageddon,” and similarly insane exaggerations.And that narrative sticks to Democrats. [read post]
2 Sep 2021, 3:49 am by Kevin Kaufman
So far, 18 states have legalized recreational cannabis in defiance of federal law.[10] All of these states have designed independent regulatory and taxation frameworks for insulated markets. [read post]
31 Aug 2021, 5:55 am by Kevin Kaufman
If the policy goal of high taxes on cigarettes is to encourage cessation, taxation of other tobacco and nicotine products must be considered a part of that policy design.[7] Lawmakers can make sure that the least harmful products are cheaper than the most harmful products by adhering to excise tax principles and levying a tax rate based on the negative externalities and associated costs. [read post]
18 Aug 2021, 5:55 am by Kevin Kaufman
Richmond, Virginia had a 5.3 percent rate until October 1, 2020, when the Central Virginia region became the state’s third region subject to the 0.7 percent regional state tax.[6] Fourteen cities with populations of 200,000 or more do not impose local sales taxes, though some have state sales taxes as high as 7 percent (Fort Wayne and Indianapolis, Indiana). [read post]
29 Jun 2021, 2:55 am by Kevin Kaufman
Virginia will authorize all counties to levy cigarette taxes. [read post]