Tax Law

New York restores tax break to beer brewers – Abc Local Web

The package of laws announced Wednesday will even allow farmers to sell … Senate Majority Leader Dean Skelos said the agreement on the tax break for brewers won’t cost New Yorkers a dime. Instead, the state exemption of 12 cents … Continue reading

Reuben G. Clark Jr., law partner and expert on urban renewal, dies at 89 – Washington Post

Reuben G. Clark Jr., 89, a tax lawyer who was a founding partner of the Washington law firm of Wilmer, Cutler & Pickering and who was an authority on urban renewal and human rights issues, died June 6 at the … Continue reading

Senate bill would boost funds for IRS, other agencies – Washington Post

The IRS would receive additional money for taxpayer services and tax law enforcement, and several financial regulatory agencies also would see funding increases to help them enforce Wall Street reforms, under a spending bill approved Tuesday by …

New York legislators craft laws to give beer brewers tax break – LoHud.com

ALBANY — New York brewmeisters can celebrate with some Saranac beer brewed in the foothills of the Adirondacks or Brooklyn’s Monster Ale now that state officials have found a way to restore a tax break for craft beer brewers. Gov. … Continue reading

Tax code – Las Vegas Review Journal

America’s tax laws are generating more federal revenue than ever before – yet Congress still spends 65 percent more than it collects. Meantime, the complexity of the tax code already serves as a serious deterrent to conducting business in this … Continue reading

Senate must follow House, repeal medical device tax – Allentown Morning Call

For more than two years, thousands of workers in Pennsylvania’s life sciences community have been waiting for Congress to repeal the 2.3 percent medical device tax imposed by President Obama’s overreaching health care law. These employees make …

Staten Island Councilman Ignizio passes law cracking down on tax-exemption fraud – Staten Island Advance

The City Council today unanimously passed legislation pitched by Councilman Vincent Ignizio (R-South Shore) aimed at stopping New Yorkers from fraudulently claiming tax exemptions. “When people fraudulently claim benefits that they are not …

Steer around roadblocks to vehicle deductions – Business Management Daily

The tax law generally limits the annual amount you can deduct for depreciation of so-called “luxury cars.” Strategy: Buy a heavy-duty sports utility vehicle (SUV) for business use in 2012. If the vehicle meets certain requirements, you can sidestep the … Continue reading

Jersey City lawyer sentenced to 30 months for tax evasion – NJ.com

A 1988 graduate of Seton Hall Law School, Cutruzzula was the sole owner of the Jersey … FSC has not filed a corporate income tax return since its incorporation in 2002, authorities said. “Cutruzzula intentionally ducked his legal obligations …

North Dakota Primary: State Rejects Property Tax Repeal, Religious Freedom Proposal (UPDATE) – Huffington Post

Proponents dismissed those arguments and also said the measure would not cause Sharia law to be implemented. Leaders from the North Dakota Constitution Party had pushed the property tax measure, saying that state income tax and oil revenue could …