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Mont. Bill Seeks Lower Electronic Tax Payment Threshold

by usoftax_admin | Jan 7, 2025 | Tax News

Montana would lower the threshold above which tax liabilities must be paid electronically to one-tenth of the current amount as part of a bill introduced in the state House of Representatives.

Mont. Bill Seeks Electronic Notice Option For Taxpayers

by usoftax_admin | Jan 7, 2025 | Tax News

Montana would give taxpayers the option to receive communications from the state Department of Revenue electronically under a bill introduced in the state House of Representatives.

Developer Says Mass. Stalling $15M Brownfields Tax Credit

by usoftax_admin | Jan 7, 2025 | Tax News

The developer of a 3.5-acre luxury condo and apartment complex in Boston’s Seaport District is accusing the state of improperly second-guessing the work of its licensed environmental remediation consultant to deny a $15.3 million brownfields tax credit, then...

7th Circ. Upholds Tax Penalties For Life Insurance Scammer

by usoftax_admin | Jan 7, 2025 | Tax News

The Seventh Circuit upheld Tuesday nearly $400,000 in tax penalties against a man who served prison time for falsifying his returns as part of a scheme to poison his wife and collect on a $20 million life insurance policy.

Treasury Finalizes Clean Electricity Tax Credit Regs

by usoftax_admin | Jan 7, 2025 | Tax News

The U.S. Treasury Department released final regulations Tuesday for a pair of new tax credits that reward various types of electricity generation from technologies that don’t emit greenhouse gases, replacing recently expired incentives that benefited only...
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