by usoftax_admin | Oct 30, 2024 | Tax News
An investor couple whose case was remanded by the Sixth Circuit is still liable for over $603,000 in deficient taxes tied to $3 million in claimed losses from a complex foreign-exchange derivative arrangement since their actions were not made with legitimate... by usoftax_admin | Oct 30, 2024 | Tax News
A Michigan appellate panel has overturned a trial court that noted it was going against the grain when it found the state’s Uniform Unclaimed Property Act wasn’t clear as to how interest on abandoned property can be paid out, with the appellate judges... by usoftax_admin | Oct 30, 2024 | Tax News
The top tax-writing Republicans in Congress said Wednesday that the U.S. Treasury Department’s announcement that it would begin negotiations with Taiwan on a double-tax relief agreement risks undermining legislation to address the issue that is stalled in the... by usoftax_admin | Oct 30, 2024 | Tax News
Texas Supreme Court justices questioned Wednesday whether a private prison operator is eligible to receive a sales tax exemption granted to governmental entities, mulling over whether the company functions as an agency or instrumentality of the state. by usoftax_admin | Oct 30, 2024 | Tax News
Pennsylvania empowered the state Board of Finance and Revenue to oversee a formal settlement process to resolve taxpayer disputes and extended the deadline for taxpayers to appeal personal income tax assessments from the state Department of Revenue under a bill signed...