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Religious Group Says NJ Township Using Tax Deal As ‘Sword’

by usoftax_admin | Feb 26, 2025 | Tax News

A New Jersey township is discriminating against a religious group because the group no longer wants to make payments on a previous tax agreement, the group told a federal district court.

Hookah Tobacco Co. Stuck With $1.4M Fla. Tax Bill

by usoftax_admin | Feb 26, 2025 | Tax News

A company’s tobacco products for use in hookahs are subject to Florida’s tobacco taxes, a state appeals court ruled Wednesday, affirming an administrative law judge’s determination that denied a $1.4 million tax refund request from the...

Police Supply Store, Others Ask 5th Circ. To Keep CTA Paused

by usoftax_admin | Feb 26, 2025 | Tax News

A Texas police supply store joined with Mississippi libertarians and several other parties asking the Fifth Circuit to keep the Corporate Transparency Act on hold, saying ending the stoppage of that law could force 32 million business entities to file beneficial...

IRS Spinoff Safe Harbors Not Seen As All-Purpose Reprieve

by usoftax_admin | Feb 26, 2025 | Tax News

Safe harbors proposed by the IRS would allow certain corporate spinoffs to get statutory tax-free treatment, but the bright-line requirements to qualify for these provisions reflect the tension between a blanket approach and the unique complexities of each...

Ariz. Senate OKs Surplus Trigger For Income Tax Rate Cut

by usoftax_admin | Feb 26, 2025 | Tax News

Arizona would reduce its flat individual income tax rate annually to cut the state’s projected structural surpluses in half under legislation passed Wednesday by the state Senate.
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