On June 21, 2019, the United States Supreme Court unanimously held, in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, that the North Carolina Department of Revenue could not...more
6/27/2019
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Due Process ,
Estate Tax ,
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Income Taxes ,
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North Carolina Department of Revenue v The Kimberley Rice Kaestner 1992 Family Trust ,
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State Taxes ,
Trust Distributions ,
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Trusts
Currently, individual taxpayers who itemize their deductions can deduct real property taxes paid that year. Under both the House and Senate tax reform bills, the property tax deduction would be capped at $10,000. If that cap...more