2008 Tax
News
BREAKING TAX NEWS
for October 16, 2008
Also, please visit the tax news website
Tax Planning News
for the latest tax news worldwide.
Read these new tax news articles about changes in the USA federal income tax
and estate tax laws. The USA federal income tax and estate tax laws change
every day during 2008 through changes in the Internal Revenue Code (as written by the
U.S. Congress), Internal Revenue Regulations and Rulings by the Internal
Revenue Service, and in court decisions in the U.S. Tax Court, the U.S.
Court of Claims, federal district courts, and federal appellate courts
including the U.S. Supreme Court.
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Washington, D.C. (Oct. 6, 2008)
By
WebCPA staff
New Jersey made the
bottom of the list in a ranking of business-friendly state tax systems,
while Wyoming ranked
as the most friendly.
The Tax Foundation's 2009 State Business Tax Climate Index measures how
well a state's tax system encourages investment by maintaining a broad tax
base and low rates. The annual ranking takes into account corporate,
individual income, sales, unemployment and
property taxes.
Continue reading...
States to zero-in on tax cheats as economy sags
By
RICHARD RICHTMYER Associated Press Writer October 9,
2008
ALBANY, N.Y. (AP) - The U.S..
financial meltdown is
creating brighter job prospects for at least one
occupation: tax collector.
Several states - including New York, Massachusetts, California and
Illinois - are beefing up tax enforcement and collection efforts as they
face widening budget deficits.
"As
their budgets quickly hit the skids and the pressure is on, they're going
to be looking to see where those dollars are," said Verenda Smith of the
Federation of Tax Administrators, an association of tax agencies
from all 50 states.
Continue reading... |