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Ill. Lawmakers OK System To ID Taxpayer Financial Accounts

by usoftax_admin | May 28, 2024 | Tax News

Illinois would authorize the state tax department to enter agreements with financial institutions to identify accounts of people and businesses who are delinquent in the payment of taxes using a data-match system under a bill passed by state lawmakers and headed to...

Pa. Lawmakers Want End To 40% NOL Cap To Attract Biz

by usoftax_admin | May 28, 2024 | Tax News

A bipartisan group of Pennsylvania lawmakers voiced support Tuesday to ditch the state’s 40% cap on net operating loss deductions and either match the federal standard or eliminate the limit altogether.

Mo. Panel Affirms Nixes Of St. Louis Teleworker Tax, Class Bid

by usoftax_admin | May 28, 2024 | Tax News

St. Louis must issue earnings tax refunds to six nonresidents for days they worked outside the city after the COVID-19 pandemic began, but those employees can’t seek a class action on behalf of other remote workers, the Missouri Court of Appeals court ruled...

Wisconsin Atty Gets 5½ Years For $2.3M Fraud, Tax Evasion

by usoftax_admin | May 28, 2024 | Tax News

An attorney licensed in Wisconsin has been sentenced to 5½ years in federal prison and ordered to pay around $2.3 million in restitution for her involvement in multiple fraud schemes, the U.S. Department of Justice announced Tuesday.

Home Care Co. Says It’s Owed $1.1M In Pandemic Tax Credits

by usoftax_admin | May 28, 2024 | Tax News

The IRS has unfairly delayed paying a home healthcare service in Pennsylvania more than $1.1 million in pandemic-era employee retention tax credits while the agency claims to be checking that the business doesn’t owe taxes, the company told a federal...
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