by usoftax_admin | Sep 26, 2024 | Tax News
The estate of a woman who inherited an oil company must include in its value over $6 million more to account for her relationship with a limited partnership formed by her great-nephew, the U.S. Tax Court ruled Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
The U.S. federal deficit would grow by at least $2 trillion over the next decade from the tax policy plans of both major parties’ candidates, former President Donald Trump and Vice President Kamala Harris, researchers said Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
An Indiana couple was wrongly denied an income tax credit for local income tax paid by one spouse while working in Kentucky, but the couple will continue to owe additional tax, the Indiana Department of State Revenue said in a letter of finding. by usoftax_admin | Sep 26, 2024 | Tax News
Judges on a New York state appeals court expressed skepticism Thursday of a $489 million civil fraud judgment against Donald Trump, his sons, companies and their executives, raising the prospect that the fine awarded to the attorney general could be reduced or... by usoftax_admin | Sep 26, 2024 | Tax News
An Indiana S corporation was wrongly assessed county income tax on distributions to its lone, out-of-state shareholder, the Department of State Revenue said, because that shareholder was not employed in the state.