Washington concluded an eventful legislative session with the largest set of tax increases in the state's history. This Update focuses on two significant changes that affect Washington residents and a senate bill proposal...more
6/4/2025
/ Capital Gains Tax ,
Estate Planning ,
Estate Tax ,
New Legislation ,
Proposed Legislation ,
State Taxes ,
Tax Policy ,
Tax Rates ,
Tax Reform ,
Washington ,
Wealth Tax
The Washington Court of Appeals has held that investment funds are subject to Washington state business and occupation (B&O) tax on their investment income. Although Washington law allows taxpayers to deduct “amounts derived...more
8/7/2023
/ Emerging Growth Companies ,
Estate Planning ,
Income Taxes ,
Investment ,
IRS ,
Net Investment Income ,
State and Local Government ,
Trusts ,
Venture Capital ,
WA Supreme Court ,
Washington