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
The Washington Legislature passed Senate Bill 5096 on April 25, 2021, the last day of the 2021 Washington legislative session. SB 5096 is a state capital gains tax on individual residents of the State of Washington. The state...more
5/3/2021
/ Capital Gains ,
Governor Inslee ,
Income Taxes ,
IRS ,
New Legislation ,
Referendums ,
State Legislatures ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Trusts ,
WA Supreme Court