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Calif. Gov. Proposes Expansion Of Film And TV Tax Credit

by usoftax_admin | Oct 31, 2024 | Tax News

California would more than double the annual amount of money allocated to its film and TV tax credit program as part of a proposal from Democratic Gov. Gavin Newsom, the governor’s office said.

Man Didn’t Justify His Claims He Couldn’t Pay, Tax Court Says

by usoftax_admin | Oct 31, 2024 | Tax News

The Internal Revenue Service didn’t abuse its discretion when it upheld levies to collect over $58,000 in outstanding tax liabilities, including penalties and interest, after a man failed to substantiate his claims of medical hardship, the U.S. Tax Court said...

Treasury Using Help To Clear Pillar 1 ‘Logjam,’ Official Says

by usoftax_admin | Oct 31, 2024 | Tax News

Other executive agencies in President Joe Biden’s administration have backed the U.S. Treasury Department in urging negotiators at the Organization for Economic Cooperation and Development to reach a final deal on the international taxing rights overhaul known...

Ind. Tax Dept. Says Ohio Man Wrongly Assessed Income Tax

by usoftax_admin | Oct 31, 2024 | Tax News

A former Indiana resident was wrongly assessed individual income tax, the Department of State Revenue said in a letter of findings, because he was able to present evidence to prove that he lived in Ohio at the time.

DC Creates Tax Break For Landscape Architecture Services

by usoftax_admin | Oct 31, 2024 | Tax News

The District of Columbia established a sales tax exemption for landscape architecture services under clarifying legislation enacted without the mayor’s signature, though the measure is subject to congressional review before it becomes law.
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