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IRS To Begin Posting Tax Documents In Online Accounts

by usoftax_admin | Feb 27, 2025 | Tax News

Individual online account holders at the IRS will begin seeing federal information from their W-2 Wage and Tax Statement posted there, the agency announced Thursday, saying it plans to add more tax documents in the coming months.

Judge Urges $15.5M Tax Judgment Against Ex-NFL Champ

by usoftax_admin | Feb 27, 2025 | Tax News

A federal magistrate judge recommended a default judgment against four-time Super Bowl champion Bill Romanowski and his wife for $15.5 million in taxes, saying in a report Thursday that the couple failed to respond to the underlying government complaint against...

Neb. Expands Confidentiality Rules For Sales Tax Records

by usoftax_admin | Feb 27, 2025 | Tax News

Nebraska expanded the applicability of confidentiality requirements for the disclosure of sales tax records under a bill signed by the governor.

TCJA Extensions Would Spur $710B In Growth, Report Says

by usoftax_admin | Feb 27, 2025 | Tax News

About $710 billion in economic growth would be expected to be generated from 2025 to 2034 by making set-to-expire provisions of the Tax Cuts and Jobs Act permanent, compared with the expected $4.5 trillion in lost tax revenue over that same time frame, a think tank...

Philly Commission Says City Must End Business Tax

by usoftax_admin | Feb 27, 2025 | Tax News

Philadelphia, after losing more than 50,000 residents between 2020 and 2023, should eliminate its business income and receipts tax and reduce its wage tax, the city Tax Reform Commission said in a report.
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