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Duly Noted

Tax Relief For ‘Accidental Americans.’ Virtually all children born in the United States, and many born outside the United States with at least one U.S. citizen parent, acquire American citizenship at birth. Because U.S. citizens are subject to tax on their worldwide income regardless of where they reside, this has created complications for many individuals who were unaware of their American tax obligations.
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Duly Noted

Many taxpayers found themselves owing money to the Treasury when they completed their first tax returns covered by new rules that took effect in 2018. In response, the IRS in January offered some relief from penalties for failing to prepay enough of the tax bill via withholding or estimated taxes.
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Duly Noted

Wisconsin Offers Balm For SALT Wounds: Wisconsin joined the parade of states seeking to offer workarounds for the new $10,000 itemized deduction limit for state and local taxes.
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Duly Noted

Music Gets Modernized For The Digital Era. Congress passed and sent to President Trump a sweeping overhaul of the way songwriters, performers and other music industry creatives are compensated when their works are streamed, downloaded and broadcast via satellite.
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Duly Noted

IRS Speaks On State Tax Workarounds… Taxpayers should be wary of supposed workarounds to the new $10,000 annual limit on deductions for personal state and local taxes, the IRS cautioned.
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Duly Noted

New Hampshire Still Has (Almost) No Income Tax. A measure to repeal the Granite State’s 5 percent tax on residents’ interest and dividend income stalled in the state Senate when Republican John Reagan of Deerfield agreed to set the bill aside after previously voting with his party against killing it outright.
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Duly Noted

SCOTUS Considers Whether Shredding Receipts Constitutes Obstruction. Carlo Marinello operated his courier service, carrying parcels between the United States and Canada, on an all-cash basis. He also paid personal expenses such as his mortgage in cash, and he made a habit of shredding receipts and other records.
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Duly Noted

Veteran Chopper Pilot Shoots Down IRS Arguments. After serving two stints over nearly 25 years as a helicopter pilot and flight instructor for the Army, Jesse Linde found himself losing out to younger pilots for stateside jobs. While his wife remained in Alabama, Linde relocated in 2009 to Iraq, where he found steady work flying for a government contractor.
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Duly Noted

IRS Gives Same-Sex Couples A Do-Over. Same-sex marriage arrived in the United States in 2004 when Massachusetts first allowed it, …
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Duly Noted

Court Says Relief For Wrongfully Incarcerated Prisoners Doesn’t Apply To Relatives. The son and former wife of a man who spent six years in prison for a murder he didn’t commit cannot benefit from tax relief that Congress granted wrongfully incarcerated individuals, a federal court in Ohio ruled.
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