by usoftax_admin | Dec 6, 2024 | Tax News
A Nebraska tribe’s tobacco companies are asking the U.S. Supreme Court to overturn an Eighth Circuit ruling that held the state can regulate a tribally owned manufacturer’s sales of cigarettes to Indigenous-owned distributors, arguing that Native American... by usoftax_admin | Dec 6, 2024 | Tax News
A Florida man owes more than $1.2 million in federal taxes, the D.C. Circuit said Friday, affirming the Internal Revenue Service’s certification of his liability under a law that allows those with a “seriously delinquent” tax debt to have their... by usoftax_admin | Dec 6, 2024 | Tax News
An Arkansas Supreme Court justice said her ownership of one share of stock in Murphy USA doesn’t require her to recuse from a pending case in which the oil business is defending tax refunds stemming from allocating deductible interest payments to Arkansas. by usoftax_admin | Dec 6, 2024 | Tax News
Massachusetts’ interest rates for tax overpayments and underpayments will drop by a percentage point in the first quarter of 2025, the state Department of Revenue said. by usoftax_admin | Dec 6, 2024 | Tax News
A distribution from a trust of tenancy-in-common interests that resulted from the trust’s involuntary termination will not prevent the interests from being held for certain investment and business purposes, the IRS said in a private letter ruling released...