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Capital Gains Department of Revenue

Blank Rome LLP

Longtime Iowa Taxpayers Lose Out on Capital Gains Deduction

Blank Rome LLP on

The tax consequences of the sale of a business are complex, and strategizing to avoid one tax type may lead to unanticipated tax in another form. A recent decision of the Court of Appeals of Iowa illustrates this point. Clark...more

Fox Rothschild LLP

Washington Supreme Court Upholds New Capital Gains Tax

Fox Rothschild LLP on

The Washington Supreme Court recently issued an important decision upholding the state’s new capital gains tax. Two dissenting justices agreed with the trial court’s conclusion that the tax is unconstitutional based on 90...more

Balch & Bingham LLP

Buyers of Mississippi Real Property Relieved of Liability For Nonresident Seller Tax Withholding

Balch & Bingham LLP on

The responsibility for withholding, reporting, and paying tax on the gain realized on the sale of real property by a seller who is not a resident of the State of Mississippi is now back where it belongs: with the seller. ...more

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