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Mo. Lawmakers OK Capital Gains, Sales Tax Exemptions

by usoftax_admin | May 7, 2025 | Tax News

Missouri would create a capital gains tax exemption, as well as sales tax exemptions for broadband equipment, diapers and feminine hygiene products, under a bill the state House gave final legislative approval to Wednesday.

6th Circ. Skeptical Of US In Tax Court Deadline Case

by usoftax_admin | May 7, 2025 | Tax News

Sixth Circuit judges expressed skepticism of the U.S. government’s claim that the 90-day deadline to petition the U.S. Tax Court is inflexible, with one judge saying during oral arguments Wednesday in a woman’s case challenging the rule that the U.S....

Iowa Requires Mandated E-Filers To File Electronically

by usoftax_admin | May 7, 2025 | Tax News

Iowa will not consider sales and use tax filings valid if a mandated electronic filer does not file electronically, under a bill signed by the governor.

Device Seller Asks For Probation In $2.4M Tax Evasion Case

by usoftax_admin | May 7, 2025 | Tax News

The septuagenarian owner of a Florida medical device company who pled guilty to evading $2.4 million in taxes asked a federal district court Wednesday for his sentence to entail home probation and not prison, given his health challenges and payments he already made to...

La. House OKs Plan To Let Parishes Scrap Inventory Taxes

by usoftax_admin | May 7, 2025 | Tax News

Louisiana’s House of Representatives approved a constitutional amendment that would offer voters a second chance to allow local governments to eliminate inventory taxes, following a March defeat at the polls of a broader tax measure that included a similar...
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