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FinCEN Sets March Deadline For Corporate Transparency Act

by usoftax_admin | Feb 19, 2025 | Tax News

The U.S. Treasury Department’s Financial Crimes Enforcement Network set a new deadline of March 21 for an estimated 32 million small entities to file beneficial ownership reports relating to the Corporate Transparency Act after a Texas federal judge lifted a...

McCarter & English Adds Shutts & Bowen Latin America Head

by usoftax_admin | Feb 19, 2025 | Tax News

The former chair of the Shutts & Bowen LLP’s Latin America practice group and co-chair of its tax and international law practice group jumped to McCarter & English LLP in Miami, the firm announced Wednesday.

La. Court Orders New Trial In Museum’s Hotel Tax Break Case

by usoftax_admin | Feb 19, 2025 | Tax News

A Louisiana board that allowed a property tax exemption for a hotel operated by the nonprofit National World War II Museum should have held a new trial after evidence surfaced that the hotel was more profitable than previously disclosed, a state appeals court...

Peanut Truck Co. Exempt From Excise Tax, Justices Told

by usoftax_admin | Feb 19, 2025 | Tax News

A Georgia maker of special trucks for peanut farming was denied an excise tax exemption for off-road highway vehicles because the IRS interpreted the law too narrowly, the company argued while urging the U.S. Supreme Court to overturn the Eleventh Circuit on the...

Minn. Bill Seeks Vote For Property Owners On Local Taxes

by usoftax_admin | Feb 19, 2025 | Tax News

Certain Minnesota residents could vote on local ballot measures affecting the taxation of properties they own regardless of whether they live in the taxing district involved if state voters approve a constitutional amendment proposed in legislation in the House.
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