Add Yahoo as a preferred source to see more of our stories on Google. BOSTON (SHNS) – As critics say Massachusetts is losing its competitive edge, lawmakers appeared skeptical that a tax cut would ...

When it comes to wealth taxes, history is not on advocates’ side.

Patel v. Commissioner, 165 T.C. No. 10 (Nov. 12, 2025), gave the US Tax Court its “first opportunity to examine when the codified economic substance doctrine applies.” Patel at *16. The Tax Court made ...

Yesterday the Tax Court issued its much awaited opinion in Patel v. Commissioner. After the Court disallowed deductions attributable to Patel’s captive insurance arrangement, it ordered briefing on ...

Many taxpayers will get a tax windfall this year. The One Big Beautiful Bill Act (OB3), which was signed into law in July 2025, retroactively cut individual income taxes to January 2025. Many have ...

Take two steps into the Missouri Statehouse this session and the words “income tax” will inevitably come up. Proposed legislation would reduce the state’s top tax rate by 0.01% for every $20 million ...

PORTLAND, Ore. (KOIN) – Oregon’s Office of Economic Analysis released the state’s latest economic outlook on Wednesday — showing $253 million in additional funds, mostly from a boost in corporate ...

BOSTON (SHNS) – As critics say Massachusetts is losing its competitive edge, lawmakers appeared skeptical that a tax cut would move the needle. “When we talk about competitiveness and attractiveness ...