Tax Law

Michael Madigan tax clients unscathed in foreclosure debate – Chicago Tribune

The Tribune has previously reported that clients of the speaker’s tax law firm have benefited from state projects he helped secure; on Sunday, the newspaper disclosed that Madigan’s actions on the state’s Medicaid program for the poor also …

Hospital rate cuts balanced by more tax protection – State Journal-Register

“We believe hospitals are doing an outstanding job every day in serving their communities and deserve tax exemptions.” The legislation — a series of bills expected to be signed into law by Gov. Pat Quinn — sets standards by which … Continue reading

Editorial: Estate tax law needs consistency, clarity – Daily Courier

Nothing certain but death and taxes? How about when one meets the other in the so-called “death tax,” which currently applies to estates larger than $5 million? Problem is the estate tax varies – or changes – and is set … Continue reading

Igorance of the Tax Law is No Excuse – jdsupra.com

A recent case illustrates that ignorance of the tax laws is no excuse for not filing returns. In Cogdon v. U.S. the issue to be determined was whether the taxpayer was subject to failure to file penalties for not filing … Continue reading

Supreme Court backs Indianapolis decision to refuse tax refunds to some property owners – Washington Post

WASHINGTON — The Supreme Court has turned down homeowners in Indianapolis who sought tax refunds when the city changed its plan for paying for a new sewer line. In a 6-3 ruling Monday, the court upheld the city’s decision to … Continue reading

Glitch lurks in Kansas tax law – Kansas City Star

The mammoth new tax bill passed in May was supposed to cut Kansas income taxes and still allow deductions for donations to charity and interest paid on home mortgages. Well, maybe not. The tax bill signed into law by Gov. … Continue reading

A $1 Cigarette Tax Starts a $47 Million Brawl in California – New York Times

California was widely viewed as a leader in the antismoking effort, with, among other things, a punitive tax on cigarettes and a raft of laws banning cigarette smoking in restaurants, sidewalks, public places and, in some areas, apartment buildings.

Car rental tax extension for Orleans, Jefferson clears Legislature – nola.com

The tax is set to expire June 30. Jindal can sign the bills, veto them or let them become law without acting on them The 2.5 percent statewide portion of the tax generates between $5 million and $6 million a … Continue reading

Jonathan Traub Joins Deloitte Tax LLP – Yahoo Finance

He played a key role in the Tax Relief Act of 2010 and the Budget Control Act (debt limit increase, 2011).  He was also deeply involved in the work of the Joint Select Committee on Deficit Reduction, better known as … Continue reading

Favorable legislation flows to private clients of House Speaker Madigan – Chicago Tribune

At about the same time, Pathway, which has long used another law firm for all its property tax business, hired Madigan’s firm for a single Chicago property. Public records show Madigan’s firm filed its first paperwork on behalf of the … Continue reading