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Calif. OTA Says Ga. Biz Owner Owes Income Tax

by usoftax_admin | Nov 5, 2024 | Tax News

A Georgia resident is required to file and pay taxes on California income from a company he partly owned, the California Office of Tax Appeals ruled Tuesday, sustaining the findings of the state Franchise Tax Board.

Ohio House Bill Would Eliminate Income Tax On OT Wages

by usoftax_admin | Nov 5, 2024 | Tax News

Ohio would exempt overtime wages from the state’s personal income tax under a bill filed in the state House of Representatives.

Australian TP provisions precede new thin capitalisation rules

by usoftax_admin | Nov 5, 2024 | Tax News

Thin capitalisation rules limit the amount of debt deductions that can be claimed but regard must also be given to other income tax law provisions, the ATO said

On The Ground: How Attorneys Are Safeguarding The Election

by usoftax_admin | Nov 5, 2024 | Tax News

Attorneys are working tirelessly Tuesday to support citizens and election workers on the final day of voting in what is expected to be one of history’s closest and most contentious presidential contests.

‘Oh, Come On’: 5th Circ. Doubts Intuit Ads Misled Consumers

by usoftax_admin | Nov 4, 2024 | Tax News

The Fifth Circuit on Monday seemed skeptical that the company behind TurboTax duped customers into thinking they could file their tax returns for free, with judges engaging in a lengthy back-and-forth with the Federal Trade Commission over how noticeable disclosures...
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