state tax Archives

MTC Project on State Taxation of Partnerships

Business Transactions, Current Events, Income Tax, State and Local Tax, Tax

Sep 13, 2021

The Multistate Tax Commission (“MTC”) has recently started its Project on State Taxation of Partnerships (“Project”).[1] The proposed scope of the Project is to consider a number of issues relating to state taxation of income associated with partnership income or partner income from the sale of partnership interests. Importantly, the Project is commencing on the…
Read More

State Income Tax of Trusts and Estates – Late 2020 Update

Estate Planning, Income Tax, State and Local Tax, Tax

Nov 4, 2020

Introduction A couple of years ago, I wrote about the state income taxation of trusts.[1] Since that time, there have been some significant developments relating to the issues raised in that writing. Primary among those developments include the United States Supreme Court decision in the Kaestner[2] case and the United States Supreme Court’s decision to…
Read More

Make A Payment

Tag: state tax

MTC Project on State Taxation of Partnerships

State Income Tax of Trusts and Estates – Late 2020 Update

Directions

Lapsed Life Insurance Policy Generated Taxable Income and Limited Interest Deductions

Improperly Prepared Estate Tax Return Costs Estate a Shot at the Marital Deduction

Beneficiaries and Trustees May Face Personal Liability for Unpaid Estate Taxes