by usoftax_admin | Jun 28, 2024 | Tax News
Albany, New York-based Whiteman Osterman & Hanna LLP is facing a lawsuit in New York federal court alleging it failed to properly structure the sale of a gas company and caused its owner to incur an avoidable tax liability. by usoftax_admin | Jun 28, 2024 | Tax News
Two Quest Diagnostics subsidiaries are not eligible for a refund of sales tax paid on testing kits, reagents and hormones because those items are not drugs exempt from tax, the Ohio Board of Tax Appeals said Friday. by usoftax_admin | Jun 28, 2024 | Tax News
The Internal Revenue Service sought to remind taxpayers Friday that businesses selling marijuana, even in states where it’s legal, are not entitled to federal tax deductions, saying some taxpayers are filing invalid claims for refunds through amended... by usoftax_admin | Jun 28, 2024 | Tax News
Massachusetts would authorize about $5 billion in bonding authority to promote housing under legislation passed by the state Senate that leaves out a local-option real estate transfer fee sought by Democratic Gov. Maura Healey. by usoftax_admin | Jun 28, 2024 | Tax News
The U.S. Tax Court will continue to rely on the IRS and Treasury’s expertise in the tax code following the U.S. Supreme Court’s landmark decision to overturn the 40-year-old Chevron doctrine that directed courts to defer to federal agencies’...