by usoftax_admin | Sep 18, 2024 | Tax News
A Multistate Tax Commission group working on state taxation of partnerships said Wednesday that it is exploring for inclusion in a draft white paper some states’ requirements to merge the apportionment factors of a partnership or limited liability company with... by usoftax_admin | Sep 18, 2024 | Tax News
Louisiana’s top tax official said Wednesday that he’s hopeful lawmakers will be called into a special session in November to enact a flat personal income tax rate, broaden the sales tax base and tee up changes to the state constitution. by usoftax_admin | Sep 18, 2024 | Tax News
The Internal Revenue Service published guidance Wednesday for issuers of tax-exempt and other tax-advantaged bonds in terms of procedures for filing claims for recovery of overpayments of rebate payments and other processes. by usoftax_admin | Sep 18, 2024 | Tax News
Democrats blocked the House of Representatives from sending legislation to the Senate that would restrict contributions to political committees by tax-exempt entities that receive foreign funds. by usoftax_admin | Sep 18, 2024 | Tax News
A Texas couple asked the Fifth Circuit on Wednesday to reverse a U.S. Tax Court decision denying their bid to deduct more than $1 million in premiums paid to insurance companies they owned, arguing the Tax Court misclassified underlying insurance arrangements.