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House Panel To Fold $3.8T Tax Overhaul Into Budget Package

by usoftax_admin | May 14, 2025 | Tax News

The House Budget Committee has scheduled a Friday vote on legislation that would combine the House Ways and Means Committee’s $3.8 trillion tax bill with the work of other House committees as part of the fiscal 2025 budget reconciliation bill. 

Wisconsin Lake Homeowners Amend Tribal Tax Burden Suit

by usoftax_admin | May 14, 2025 | Tax News

Four lake homeowners and an association have amended a suit against local governments in the Menominee reservation in northern Wisconsin, claiming the tribe has sought to grow the amount of tax-exempt land while leaving owners of taxable homes to pay more than their...

Jurisdictional Issues At Play In 9th Circ.’s FCA Trade Case

by usoftax_admin | May 14, 2025 | Tax News

A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy,...

Marathon Pushes Back On Bid To Nix Fuel Tax Credit Claims

by usoftax_admin | May 14, 2025 | Tax News

Marathon Petroleum pushed back against the government’s bid to end part of a lawsuit seeking hundreds of millions of dollars in tax refunds for its alternative fuel mixtures, telling an Ohio federal court that contrary to the government’s claims, butane is...

Evolving Federal Rules Pose Further Obstacles To NY LLC Act

by usoftax_admin | May 14, 2025 | Tax News

Following the Financial Crimes Enforcement Network’s recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New...
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