by usoftax_admin | Jun 10, 2024 | Tax News
The U.S. Tax Court rejected Monday the tax deductions that three California residents had claimed on their businesses’ returns, saying their “shoebox” method of bundling receipts as evidence failed to substantiate their business expenses. by usoftax_admin | Jun 10, 2024 | Tax News
A new tax rate on capital gains realized annually above CA$250,000 ($181,700) by individuals and on all capital gains realized by Canadian corporations would go into effect this month under a proposal introduced by Canada’s finance minister Monday. by usoftax_admin | Jun 10, 2024 | Tax News
An unclaimed property holder trade organization urged the Michigan Supreme Court to affirm that the state waited too long to demand that Disney and a restaurant company remit unclaimed property, arguing that third-party auditors’ lax oversight allowed... by usoftax_admin | Jun 10, 2024 | Tax News
New Jersey would permanently loosen the employee location requirement for businesses to qualify for some of the state’s tax breaks and grant programs as part of a bill advanced by the Senate Economic Growth Committee on Monday. by usoftax_admin | Jun 10, 2024 | Tax News
A Marriott-branded hotel in Arizona is liable for state taxes on rooms booked through a customer loyalty program, the state’s Supreme Court said, upholding a state tax court decision.