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Minn. Tax Panel Advances 30-Day Nonresident Safe Harbor

by usoftax_admin | Jan 28, 2025 | Tax News

Minnesota would allow a 30-day safe harbor against state income tax liability for some nonresidents who work in the state short term, under legislation advanced by the Senate Taxes Committee.

Trump Pledges Tariffs On Semiconductors, Chips, Drugs

by usoftax_admin | Jan 28, 2025 | Tax News

The U.S. will soon place tariffs on foreign-manufactured semiconductors, computer chips and pharmaceuticals in an effort to convince foreign companies to move their manufacturing operations stateside, President Donald Trump told House Republicans at a...

Ohio Board Nixes Bid To Cut Regal Theater’s Value

by usoftax_admin | Jan 28, 2025 | Tax News

The Ohio Board of Tax Appeals rejected arguments that a Regal Cinemas property’s value should be cut to $4 million from $11.6 million, saying the property owner didn’t show that a county appraiser’s valuation based on leases and rents of similar...

Ukrainian Duo Get 15 Years In $25M Tax Fraud Case

by usoftax_admin | Jan 28, 2025 | Tax News

A Florida federal judge sentenced two Ukrainian men to 15 years in prison after they pled guilty to laundering money from a hotel staffing scheme that the U.S. government said cost it $25 million in taxes.

Ore. Home’s Value Can’t Be Retroactively Upped, Court Says

by usoftax_admin | Jan 28, 2025 | Tax News

An Oregon county cannot retroactively increase a home’s assessed value just because an error was made when inputting the size of an addition, the state Tax Court ruled.
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