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California lawmakers appear willing to put aside skepticism about economic benefits of the state’s film and television tax credits and to expand the program, mainly to stanch the flow of productions to places with more generous tax breaks. More than 130 Democrats are condemning the Trump administration’s firing of thou
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News
Medicaid Cuts Leave Schools Pondering How to Serve Disabled Kids
4+ day, 22+ hour ago (1533+ words) By Erin Durkin and Claire Hebert On a Tuesday morning in an Indiana classroom, kids who’ve struggled to regulate their emotions — occasionally fighting with teachers and fellow students — excitedly practice shapes as a video of sea turtles swimming to soothing…...
Cost-Sharing Transfer Pricing Case Points to Arm’s-Length Irony
2+ week, 2+ day ago (890+ words) The recent challenge in McKesson Corp. v. United States to the Treasury Department’s stock-based compensation cost-sharing regulations has reignited a debate over whether tax authorities can require related parties to share employee stock compensation costs when there is little evidence that…...
Bonus Pay Structure Blocks Missouri Medical Operator’s Tax Break
2+ week, 5+ day ago (105+ words) news.bloombergtax.com A not-for-profit healthcare system can’t claim charitable property tax exemptions for a number of facilities since its bonus compensation is partially based on net earnings, the Missouri State Tax Commission ruled. In Missouri, a property eligible for…...
Whack-a-Mole Wellness Schemes Re-Emerge, Promising Tax Savings
3+ week, 3+ day ago (759+ words) A longtime campaign promising tax savings along with workplace wellness plans is seeing a comeback. But many of the plans promoted don’t qualify for legitimate tax benefits. They’re double-dipping tax avoidance strategies pitching payroll tax savings if employers offer the…...
Trump’s Immigrant Tax Credit Rule Clears White House Review
1+ mon, 1+ week ago (117+ words) news.bloombergtax.com The Trump administration’s proposed rules meant to limit undocumented immigrant workers from benefiting from certain tax credits are one step closer to being released. The White House Office of Information and Regulatory Affairs finished its review of…...
Rehab Patient’s Wage Claim Over Vocational Therapy Proceeds (1)
1+ mon, 1+ week ago (109+ words) news.bloombergtax.com A former drug rehabilitation center patient can move forward with claims the organization violated wage and hour law by not paying him for work he completed with a third-party business for his recovery, a federal appeals court…...
Pediatrics Management Company Challenges $1.7 Million Tax Bill
1+ mon, 1+ week ago (87+ words) news.bloombergtax.com A pediatric management company petitioned the US Tax Court to challenge a more than $1.7 million IRS tax bill for its 2022 tax year. Pediatrics on Demand Management LLC filed the petition to contest an IRS determination that disallowed…...
Trump HHS Rule Seeks to Impose Limits on Medicaid Provider Taxes
1+ mon, 3+ week ago (117+ words) news.bloombergtax.com The Trump administration proposed a regulation that could significantly change the way states can generate additional income to fund their Medicaid programs. The proposed rule (RIN 0938-AV93), released Tuesday by the Centers for Medicare & Medicaid Services, cracks down…...
Minnesota Medical Office Gets $8 Million Value in Second Appeal
2+ mon, 6+ day ago (96+ words) news.bloombergtax.com A medical building’s property tax value is $8 million according to the Minnesota Tax Court, which granted the building a slight reduction from Dakota County, Minn.'s, appraisal but declined most of the adjustment requests. The Minnesota Supreme…...
NY Home Health Paymaster, Workers Get $162 Million Pact Approval
2+ mon, 1+ week ago (100+ words) news.bloombergtax.com Public Partnerships LLC and New York home health aides won preliminary approval for the $162 million settlement of a lawsuit accusing the state’s financial intermediary for Medicaid home-care service of failing to properly pay those workers. US Magistrate…...