David Nagle

Sullivan & Worcester

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SALT Cap Workaround and Other Tax Provisions in the Pending Massachusetts FY22 Budget

On Friday, July 9, the Massachusetts Legislature voted in favor of the Conference Committee’s revised fiscal year 2022 (FY22) budget bill, House No. 4002[1] (budget bill). The Governor has until Monday, July 19 to either...more

7/15/2021 / Income Taxes , Local Taxes , Pass-Through Entities , SALT , State Taxes , Tax Credits , Tax Cuts and Jobs Act , Tax Planning , Tax Reform

Massachusetts DOR Report Endorses SALT Cap Workaround

A new Massachusetts Department of Revenue (DOR) Report to the Legislature supports changing the Commonwealth’s tax law to enable owners of partnerships and S corporations to avoid the federal limitation on state and local tax...more

3/18/2021 / Corporate Taxes , Department of Revenue , Estate Tax , Pass-Through Entities , S-Corporation , SALT , Tax Deductions , Tax Planning

Massachusetts DOR Authorizes 2018 Payments, But Congress Says No

On the evening of December 15, 2017, Congress released the Conference Report on its Tax Cuts and Jobs Act (the "Act"). Among the provisions is one that prevents individuals from claiming an itemized deduction in 2017 for...more

12/18/2017 / Income Taxes , Itemized Deductions , Standard Deduction , State and Local Government , Tax Deductions , Tax Planning , Tax Reform , Trump Administration

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