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Mont. Floats Regs To Implement Income Tax Changes

by usoftax_admin | Jul 9, 2024 | Tax News

Montana would implement legislation enacted in 2021 that made substantive changes to the state’s individual income tax under regulatory updates proposed by the state Department of Revenue.

Mo. Exempts Streaming, Satellite Cos. From Local Fees

by usoftax_admin | Jul 9, 2024 | Tax News

Missouri will exempt streaming and satellite TV companies from local franchise fees as part of two bills signed into law by the governor Tuesday, despite cities in the state banding together to seek such fees from Netflix, Hulu, DirecTV and others in class...

Dems Request Special Counsel To Probe Justice Thomas Gifts

by usoftax_admin | Jul 9, 2024 | Tax News

Two Democratic senators have asked U.S. Attorney General Merrick Garland to appoint a special counsel to investigate whether U.S. Supreme Court Justice Clarence Thomas’ failure to disclose various gifts received during his tenure on the high court amounts to...

Ohio Justice Criticizes Dialysis Co.’s Tax Apportionment Claim

by usoftax_admin | Jul 9, 2024 | Tax News

An Ohio Supreme Court justice expressed deep skepticism Tuesday about a dialysis company’s arguments that a portion of its receipts from medical services that it provided to Ohio patients should be sourced to other states.

IRS Errors Foul $51M Levy, Calif. Man’s Estate Tells Tax Court

by usoftax_admin | Jul 9, 2024 | Tax News

The Internal Revenue Service made a slew of errors in determining a California man’s estate faces a $46.2 million estate tax deficiency and a $4.6 million penalty, the estate’s executor told the U.S. Tax Court.
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