Taxes
Unlike Mississippi, Maine Will Not Tax Forgiven Student Loans
Maine added forgiven loan debt to federal tax code changes it adopted in recent round of tax conformity.
Forgiven Student Loans Won’t be Taxed as Income by Pennsylvania, Governor Says
Bloomberg reported earlier this week that Pennsylvania was among 13 states that treat forgiven debts as income.
Inflation Nation: U.S. Business Executives Project Zero Profit Growth for Coming Year
Revenue projections also fell, quarter over quarter, from an expected 3.4% growth rate over the next 12 months to 2.6%.
The Comedy Store Sues Moss Adams Over Missed $8.5 Million in COVID Relief Funds
The suit claims the accounting firm misrepresented its expertise about the federal COVID-related relief program.
Mississippi Will Tax Forgiven Student Debt in a Departure From Other States
The canceled debt will be subject to income taxes, the state’s Department of Revenue confirmed.
Bloomberg Tax Adds Research on the Inflation Reduction Act of 2022
The new Inflation Reduction Act of 2022 Watch Page covers key tax provisions, including extension of the expanded Affordable Care Act health plan premium assistance
Business Execs Not Using Tax Data for Policy Changes
The survey indicates that the profession is moving the needle with promising investments in diverse talent, a greater willingness to upskill inhouse employee ...
Lawmaker Says Massachusetts Students Will Not Pay $500 in Taxes on Student Debt Cancellations
Rep. Steven Owens said the state Legislature has exempted forgiven student loans from taxable income.