Michael Bologna

Treasury will stop minting pennies within the next month, leading to shortages at cash registers as soon as January and leaving little time for states to respond to a heap of tax problems. See coverage in @tax https://t.co/P867CikVnt

States are preparing for a retail environment without pennies. Three multistate groups are examining the penny proposals and the possible impact on state sales tax programs. See my analysis -- only in @tax . https://t.co/RbB1I9B45Y

GOP bill to extend Trump’s 2017 tax law takes a big bite out of SALT cap workaround programs active in 36 states. The proposed law drops eligibility for professional service providers, including accountants, doctors and lawyers. See the story in @tax.https://t.co/f8KavfYRBD

Remember tariffs? You're going to pay taxes on them. CA, IL and WA clarified that the Trump admin's tariffs on most imported goods are subject to state sales tax. See my analysis in @tax https://t.co/lSpsWsgpwo

I asked ChatGPT to create a graphic for our EXCLUSIVE story on the tax shelter industry in Montana. We explain how Montana LLCs shelter billions of dollars in assets from taxes and fees in the other 49 states. See our story in @tax. https://t.co/LRHQNOIHAs https://t.co/2kreqPoP4a

RT @ReporterCioffi: What do 100,000 cars and trucks, boats and aircraft, including a Gulfstream once owned by Jeffrey Epstein have in commo…

HEADS UP! Our exclusive and exhaustive report on Montana tax shelters will run Tuesday. There is a lot of important new information about the tax losses to the states and new enforcement strategies. ONLY in @tax . https://t.co/TXlA5K8wul

Florida’s Legislature will miss its adjournment deadline next week, forcing lawmakers into an overtime or special session to address competing tax-cutting proposals that must be added to the fiscal 2026 budget. See the story in @tax https://t.co/EGL23iyotg

Very interesting report on the mounting revenue consequences to states from data centers.

Good Jobs First @GoodJobsFirst

NEW: At least 10 states lose over $100 million per year in tax revenue to data centers. The loss of revenue is surely worse than we can yet document — of the 32 states with data center tax incentives, 12 fail to disclose even *aggregate* revenue losses. 👇🏾 https://t.co/LpeA2ycex2 https://t.co/Q3SOhZyr8P

States lose more than $3B annually through “out of control” tax exemption programs subsidizing data storage facilities. See my analysis, based on a new report by @GoodJobsFirst -- only in @tax https://t.co/P2glEX9075

A Florida investor with a large portfolio of Tesla stock is expected to plead guilty to evading taxes on $80M in capital gains after fraudulently claiming he was a tax-exempt resident of Puerto Rico, according to court documents. https://t.co/HVzzIrauyw

Is it possible donations to pregnancy crisis centers could be used as tax shelters? See my analysis of a bill moving through the Missouri legislature that is sure to attract tax speculators - only in @tax https://t.co/OHvqRv7edp

BREAKING: IRS is removing guidance statements posted online to review the documents against Prez Trump’s exec order scrubbing references to “diversity, equity, and inclusion” from all federal programs. See my story in @tax. https://t.co/W879V9QEOb