by usoftax_admin | May 15, 2025 | Tax News
A proposed Colorado ballot measure to reduce the state income tax rate by one-hundredth of a percentage point was assigned an unlawfully confusing title by a state board, the conservative activists behind the initiative charged in a petition to the state Supreme... by usoftax_admin | May 15, 2025 | Tax News
Pennsylvania would update an economic development tax credit program to offer incentives to electric-generating and hydrogen facilities, among other energy projects, under a bill passed by the state’s House. by usoftax_admin | May 15, 2025 | Tax News
Republican leaders in the House plan to hold a vote next week on the chamber’s budget bill that includes the GOP’s $3.8 trillion tax package, with the aim of sending the legislation to the Senate before Memorial Day, Ways and Means Committee Chairman Jason... by usoftax_admin | May 15, 2025 | Tax News
A Texan urged a federal court to dismiss the U.S. government’s suit seeking to collect $1 million in penalties for unreported offshore bank accounts, arguing that the IRS’ penalty assessment violated her constitutional right to a jury trial. by usoftax_admin | May 15, 2025 | Tax News
A woman who failed to file a tax return for her brother’s nearly $14 million estate can move forward with a suit challenging the ensuing IRS penalties, a Rhode Island federal judge ruled, saying a jury might excuse the mistake by finding she relied on flawed...