How can I stay informed about changes in tax laws?

Tax-Exempt Bonds – Because the interest on these bonds is exempt from federal income tax, so is the OID that is accreted each year. Therefore, there is no ... If you state that all your tax-exempt interest is accrued tax-exempt interest, you are essentially saying that none of the interest is attributable to you. A list of taxable and non-taxable items for individuals and businesses filing Earnings Tax. ... Interest and Gains; ISO. Supplemental Unemployment Benefits SUB ... However, interest earned on specific state and municipal bond obligations is exempt from Wisconsin and federal income tax. See line 1 of the instructions for ... Review the information below to understand how interest income from certain obligations can affect your taxable income. ... Interest on underpayment of your estimated tax" line of your tax return. ... This interest is taxable and must be included on both your federal and Oregon returns ... Do I have to pay penalties or interest? a legal strategy involving Texas corporate law where a company splits into two entities so that one entity can declare bankruptcy to manage liabilities. Interest on Obligations of Other States. Federal law generally exempts interest on state and local government bonds and securities from income tax. Since ... Some types of interest; Some annuities; Punitive damages. Read the School Income Tax regulations for a full list of taxable income types. If you must amend a ...