by usoftax_admin | Jun 28, 2024 | Tax News
Support payments to a taxpayer from a former spouse made before they officially divorce constitute alimony and should be included in the taxpayer’s gross income, the Internal Revenue Service said in a private letter ruling released Friday. by usoftax_admin | Jun 28, 2024 | Tax News
Florida Gov. Ron DeSantis vetoed a bill that would have required short-term rental advertising platforms to collect and remit transient rental tax on bookings made through the platform. by usoftax_admin | Jun 28, 2024 | Tax News
Vermont’s general fund revenue from July through May exceeded last year by roughly $41 million, according to a report by the state Agency of Administration. by usoftax_admin | Jun 28, 2024 | Tax News
Michigan’s general fund revenues from October through May were down $530 million compared with the same period last fiscal year, the State Budget Office reported Friday. by usoftax_admin | Jun 28, 2024 | Tax News
The IRS revoked part of a 2014 private letter ruling regarding an annuity option with variable payments that a taxpayer had planned to offer, saying in a ruling released Friday that it no longer agreed with its former position.