by usoftax_admin | Jan 13, 2025 | Tax News
Los Angeles County taxpayers will have an extended deadline to file and pay taxes amid the county’s wildfires, Democratic Gov. Gavin Newsom said Monday. by usoftax_admin | Jan 13, 2025 | Tax News
Sen. Elizabeth Warren, D-Mass., plans to ask Treasury secretary nominee Scott Bessent at his confirmation hearing in front of the Senate Finance Committee on Thursday about President-elect Donald Trump’s tax agenda and plans for the Internal Revenue Service,... by usoftax_admin | Jan 13, 2025 | Tax News
The owners of a pair of Oregon residences were denied depreciation deductions against their state income taxes because they did not demonstrate that the homes were income-producing properties, the state tax court said. by usoftax_admin | Jan 13, 2025 | Tax News
Indiana would allow pass-through entities to exclude a resident direct owner’s share of adjusted gross income tax that is subject to individual income tax in another state, under a bill introduced Monday in the state Senate. by usoftax_admin | Jan 13, 2025 | Tax News
A woman who frivolously claimed her wages were nontaxable owes $15,700 in taxes and penalties, but she doesn’t owe a fine for making groundless arguments, the U.S. Tax Court said in an opinion Monday.