Daily Tax Report: State
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Weekend Insights: Money Changes Everything

With making and spending money in the headlines, the tax world is busier than ever. From state wealth taxes to transfer pricing, here’s what tax professionals are talking about this week.

Wall Street’s Fringes Draw IRS Ire Over Green ‘Tax Scam’ Sales

New York fund manager Andrew Beer got an unsolicited email offer a few months ago that sounded too good to be true -- join other investors to buy 276 acres of land in Mississippi, promise never to develop it, and get whopping tax deductions of as much as five times the amount invested.

New York Democrat Suozzi Takes on the SALT Cap (Podcast)

Rep. Tom Suozzi (D-N.Y.) is among lawmakers from high-tax states who want to repeal the $10,000 cap on deductions for state and local taxes paid. Individuals in Democratic states like New York and California have seen their tax bills go up as a result of the cap, which was part of the 2017 tax law.

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