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Feds Seek $3M From Ex-Ill. Speaker, Who Wants New Trial

by usoftax_admin | Mar 31, 2025 | Tax News

Former Illinois House Speaker Michael Madigan urged an Illinois federal judge to acquit him of bribery and wire fraud, or at least order a new trial, due to “numerous” jury instruction and evidentiary errors that confused and prejudiced the jury, on the...

Brother And Wife Owe Shirked Estate Taxes, Court Says

by usoftax_admin | Mar 31, 2025 | Tax News

A son who transferred over $2 million of his mother’s estate to a partnership and then reported owing no estate tax improperly rendered the estate insolvent before paying the government, a Nevada federal court ruled, saying his wife and brother must pay the bill...

Mass. Rule Would Narrow P.L. 86-272 Tax Shield On Cookies

by usoftax_admin | Mar 31, 2025 | Tax News

Massachusetts would become the latest state to adopt the Multistate Tax Commission’s position that out-of-state companies that engage in certain internet activities aren’t entitled to P.L. 86-272’s protection against state income taxes under a...

NYC Fights Group’s Claim Of Biased Property Tax System

by usoftax_admin | Mar 31, 2025 | Tax News

An organization that says New York City’s property tax regime discriminates against minorities can’t proceed with its claim, the city told the state appellate court, saying that further discovery or trial is needed.

Soda Taxes Fail To Boost Health, Cut Obesity, Group Says

by usoftax_admin | Mar 31, 2025 | Tax News

Raising taxes on sugar-sweetened beverages shows no evidence of improved health benefits, according to a Tax Foundation report.
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