by usoftax_admin | May 2, 2025 | Tax News
A Massachusetts homeowner cannot have the value of her home lowered after failing to account for the differences between her home and the comparable sales she provided, the state tax appeals board said in a ruling released Friday. by usoftax_admin | May 2, 2025 | Tax News
The Internal Revenue Service’s budget would be cut by nearly $2.5 billion compared with 2025 under the 2026 budget request released Friday by President Donald Trump’s administration. by usoftax_admin | May 2, 2025 | Tax News
The U.S. House Judiciary Committee advanced legislation on Wednesday that would impose more restrictions on state tax authorities to levy income taxes on out-of-state businesses, approving changes to P.L. 86-272 in the panel’s portion of the federal budget... by usoftax_admin | May 1, 2025 | Tax News
PepsiCo was correctly assessed $2.1 million in penalties for categorizing Frito-Lay expatriates’ compensation as foreign payroll that would allow the company’s profits to be excluded from state income tax calculations, according to an Illinois Appellate... by usoftax_admin | May 1, 2025 | Tax News
The Internal Revenue Service’s targeted sweeps of so-called high-income nonfilers have largely been successful in closing cases and collecting revenue, but the agency could do more to target certain areas and collect tracking data better, the Treasury Inspector...