A New Year: Happy? We'll See

Peter Faber wrote this bylined article on major past and upcoming state and local tax issues. Noting today’s strong anti-tax feeling, Mr. Faber wrote that “state lawmakers seem to feel that overt tax increases through higher rates or new taxes are out of the question,” which leads to “aggressive interpretations of existing laws and enhanced audit programs.” This makes a more contentious tax controversy process, he continued, in which “many taxpayers that may have hoped for some issues to go under the radar have been unpleasantly surprised when they have been picked up by alert auditors.”