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Trump Endorses GOP House Budget With $4.5T In Tax Cuts

by usoftax_admin | Feb 19, 2025 | Tax News

President Donald Trump endorsed House Republicans’ budget bill Wednesday, saying the proposal — which would allow up to $4.5 trillion in tax cuts — would fully implement his agenda, unlike the Senate’s bill, which includes several Republican priorities but...

Maine Biz Income Sourcing Proposal Ambiguous, Groups Say

by usoftax_admin | Feb 19, 2025 | Tax News

Maine Revenue Services’ proposed amendment of its corporate income tax sourcing rules to clarify that receipts from services are sourced to where they are acquired or experienced instead of where they are received would increase ambiguity in the tax code,...

Applicable Federal Rates To Drop In March

by usoftax_admin | Feb 19, 2025 | Tax News

Applicable federal rates for income tax purposes are set to decrease in March after three straight months of increases, the Internal Revenue Service said Wednesday.

Miller & Chevalier Adds Former IRS Chief Counsel

by usoftax_admin | Feb 19, 2025 | Tax News

Miller & Chevalier Chtd. has found a new co-leader for its tax controversy and litigation practice as it brings aboard the former chief counsel of the Internal Revenue Service during President Donald Trump’s first term.

Electronic Signatures OK For E-Filed Petition, Tax Court Says

by usoftax_admin | Feb 19, 2025 | Tax News

A couple who filed their U.S. Tax Court petition electronically were not required to include handwritten signatures, the court ruled Wednesday, rejecting the Internal Revenue Service’s request to toss the case because of what it described as an unsigned...
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