Brady Ware News

Ohio State and Local Tax Updates June 2019

Attention, Ohio disaster victims! June 26, 2019 Attention, Ohio disaster victims: Victims of storms, tornadoes, flooding and landslides may receive tax relief, the IRS announced. Due to severe weather that commenced on May 27, several OH counties have been declared federal disaster areas. The counties include Auglaize, Darke, Greene, Hocking, Mercer, Miami, Montgomery, Muskingum, Perry…

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Georgia State and Local Tax Updates June 2019

Georgia adopts procedures for judicial sales of seized property June 26, 2019 The Georgia Department of Revenue has adopted procedures for conducting judicial sales on the department’s seizure of personal property when taxes aren’t fully paid by a delinquent taxpayer. Payment in full is now required at the time of acceptance of the bid and…

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Illinois State and Local Tax Updates June 2019

Illinois phases out its franchise tax June 26, 2019 Illinois state law now provides that the franchise tax will be phased out as follows: on or after January 1, 2020, and prior to January 1, 2021, the first $30 in liability is exempt; on or after January 1, 2021, and prior to January 1, 2022,…

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Michigan State and Local Tax Updates June 2019

Northern Michigan taxpayers with past-due debts targeted by aggressive mail-based scam June 26, 2019 The Michigan Department of Treasury is warning northern Michigan taxpayers with past-due debts of an aggressive scam making the rounds through the U.S. Postal Service. Recently, an Emmet County taxpayer received what appeared to be an official-looking letter about an overdue…

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New York State and Local Tax Updates June 2019

New York unveils new rate for wealthy taxpayers for 2020 tax year June 26, 2019 New York’s tax new rate for wealthy taxpayers for tax year 2020 is as follows: For resident married taxpayers with income over $2,155,350, the tax imposed in 2020 will be $145,177, plus 8.82% for any amount over $2,155,350. For resident…

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