Tax Day looms large every April 15. These Stateline stories help explain recent tax developments in the states, from new rules on education 529 accounts to rules for independent tax preparers and investigations of offshore tax havens.
Most states are seeing a big uptick in e-filing and faster refunds than ever before. But in Minnesota, last minute decisions by the governor and legislature on retroactive tax credits have thrown a monkey wrench into tax season.
Most States Have No Rules For Independent Tax Preparers
Watch out for who does your taxes. Most states don’t require training or licensing for independent tax preparers. Many big firms do have requirements, though
At least 30 states are considering some kind of tax change this year, mostly tax cuts, as the economic recovery takes hold. But in states where revenues have failed to keep up with estimates, some lawmakers are considering raising taxes.
States are going after corporations that stash provides in offshore tax havens, as the federal government has failed to pass laws. Some states are seeing more revenue; others are interested in following suit.
