by usoftax_admin | Dec 16, 2024 | Tax News
Virginia would exempt income from tips from state income tax as part of a budget proposal from Republican Gov. Glenn Youngkin, the governor’s office announced Monday. by usoftax_admin | Dec 16, 2024 | Tax News
The U.S. Tax Court erred in drastically reducing a partnership’s claimed $23 million deduction for donating a conservation easement in Georgia, the partnership told the Eleventh Circuit, saying the court improperly relied on a real estate expert’s opinion... by usoftax_admin | Dec 16, 2024 | Tax News
A Texas federal judge doesn’t need to stay his preliminary injunction on the rollout of new corporate transparency rules while the U.S. government’s appeal to his decision is pending at the Fifth Circuit, a business lobbying group and others said... by usoftax_admin | Dec 16, 2024 | Tax News
The IRS announces expansion of online accounts, including the tax pro account, as part of the quarterly update to its strategic operating plan. by usoftax_admin | Dec 16, 2024 | Tax News
U.S. Senate Finance Committee Chairman Ron Wyden unveiled legislation Monday that would remove the tax benefits of a special type of private life insurance plan that he said high-net-worth individuals have been abusing to avoid paying taxes on their investments in the...