by usoftax_admin | Jul 30, 2024 | Tax News
A Multistate Tax Commission work group aiming to harmonize state tax rules for digital products is completing a project on how to tax products that are sold in a bundle, with a goal of having a draft document by September, officials said Tuesday. by usoftax_admin | Jul 30, 2024 | Tax News
A Mississippi federal judge dismissed a company’s request to quash IRS summonses related to a $90 million conservation easement deduction, adopting the rulings of three sister jurisdictions that had dismissed the same challenge on grounds the summonses served a... by usoftax_admin | Jul 30, 2024 | Tax News
Recent IRS guidance narrowing the corporate spinoff transactions that revenue officials will approve as tax-free ahead of time doesn’t adequately consider the practical and commercial factors involved in these transactions, the New York State Bar... by usoftax_admin | Jul 30, 2024 | Tax News
Nebraska’s governor testified Tuesday that his plan to fund lower property taxes by broadening the sales tax base and upping some consumption taxes works out to a tax cut, despite objections from tax groups who claim the plan would harm residents and... by usoftax_admin | Jul 30, 2024 | Tax News
A federal court should not order the Israeli founder of a pet toy company to show cause for defying its discovery orders in the U.S. government’s $3.6 million case over his failure to report foreign bank accounts because he is ending his defense, his attorneys...