by usoftax_admin | Sep 20, 2024 | Tax News
The Eighth Circuit said Friday that it will hear oral arguments next month in 3M’s transfer pricing appeal, in which the multinational conglomerate is challenging the Internal Revenue Service’s authority to reallocate to the company $24 million from a... by usoftax_admin | Sep 20, 2024 | Tax News
New York state and local sales taxes apply to charges for the use of a web portal host’s software by customers and applicants, the state tax department said, finding the charges constitute the sale of prewritten software. by usoftax_admin | Sep 20, 2024 | Tax News
New Jersey will subject zero-emission vehicles to a reduced sales tax starting Oct. 1, before increasing the levy in 2025, the state Division of Taxation said as part of an FAQ page released Friday that specified other tax changes. by usoftax_admin | Sep 20, 2024 | Tax News
A vice president of an investment fund with a New York office owes income tax to that state for days he worked from home in New Jersey during the COVID-19 pandemic in 2020, a New York administrative law judge determined. by usoftax_admin | Sep 20, 2024 | Tax News
The per-diem rates used to compute business travel expense tax deductions will be $319 for travel to high-cost areas and $225 for travel to low-cost areas starting in October, the Internal Revenue Service said Friday.