by usoftax_admin | Jun 5, 2024 | Tax News
Illinois will extend a cap on corporate net operating loss deductions, increase its sports betting tax and reduce sales tax rebates for retailers under a $53.1 billion fiscal year 2025 budget signed Wednesday by Democratic Gov. J.B. Pritzker. by usoftax_admin | Jun 5, 2024 | Tax News
Colorado will exempt new modular home sales from state tax under a bill signed into law by Gov. Jared Polis. by usoftax_admin | Jun 5, 2024 | Tax News
An acquisition by car rental company Avis of an indirect affiliate’s vehicle management business does not constitute a merger and is therefore subject to tax, the California Office of Tax Appeals ruled. by usoftax_admin | Jun 5, 2024 | Tax News
Colorado will allow new businesses that are employee-owned to claim an income tax credit for business expenses under a bill signed by Democratic Gov. Jared Polis. by usoftax_admin | Jun 5, 2024 | Tax News
The Internal Revenue Service needs to complete documentation on its use of artificial intelligence models as part of a plan to improve its tax gap estimates, the Government Accountability Office said Wednesday.