Gavin Newsom’s $14.3B tax gift to Californians should haunt his White House ambitions

You earn it, they spend it. That could be the unofficial motto of government in California. How (and how much) can they tax ...
briefs

New York Tax Receipts Rise as Trading Boom Lifts Wall Street Profits

NY collected $68.5B in six months, beating forecasts as Wall Street profits and expected record bonuses boost state and city ...
24/7 Wall St.

She’ll Put Her Son’s Name on Her $400,000 Savings Account So He Can Pay Her Bills. The IRS Won’t Call That a Gift, Because Until He Takes a Dollar Out for Himself, Ever…

Most families assume that adding a child's name to a bank account triggers an immediate IRS gift, but federal tax law draws a ...
Taxscan

Are Toll Receipts Proof of Goods Movement? What GSTAT and HC Have Held

Allahabad HC and GSTAT held that toll receipts alone cannot prove goods movement, and their absence does not establish that ...

Can I throw away receipts after filing my tax return? | A side-hustle creator's guide to 'retention periods' and a 10-minute weekly box

It's spring, and tax filing season is over. Have you ever looked at a bag of receipts still sitting in your drawer and ...
Florida Politics

Want a receipt for your Florida state taxes? This new, free ‘budget explorer’ does that and much more

Searchable by county, the site details, among other things, which lawmakers delivered for their districts, which came back empty-handed and how Florida’s spending stacks up against other states.

Is a revenue stamp required for a 50,000 yen receipt? Key points for judgment based on tax-inclusive pricing

Is a revenue stamp required for a receipt of exactly 50,000 yen?If the amount used to determine stamp duty is 50,000 yen, a ...
The Saratogian

DiNapoli: State tax receipts significantly higher than projections through mid-year

According to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli, state tax receipts totaled $68.5 billion through the middle of State Fiscal Year (SFY) 2027, $7.3 ...
24/7 Wall St. on MSN

Grandparents can pay any amount of a grandchild’s tuition and the IRS doesn’t count a dime of it as a gift. One rule: the check goes straight to the school

Quick ReadDirect tuition payments of any amount qualify as tax-free 'qualified transfers' under §2503(e), stacking on top of ...
fox26medford

7 wedding expenses that are tax deductible

Intuit TurboTax reports seven tax-deductible wedding expenses, including donations to charities, leftover food, and wedding ...

A $1 Million Inheritance, Settlement, or Business Sale That Lands in a Single Tax Year Can Put a $100,000 Earner in the 37% Bracket. Here’s How Advisors Spread It Acros…

A seven-figure windfall hitting one tax return can hand the IRS a third of the check, but advisors have a fully legal move ...
The StarOpinion

Make every receipt count in the fight against tax evasion

A simple reward for demanding electronic receipts could help KRA recover billions in lost taxes, strengthen funding for ...