by usoftax_admin | May 21, 2024 | Tax News
The U.S. House of Representatives overwhelmingly passed legislation Tuesday that would exclude disaster relief payments from a taxpayer’s gross income, sending the bill to the Senate. by usoftax_admin | May 21, 2024 | Tax News
South Carolina’s highest court should review an appeals court’s opinion that Amazon was required to collect and remit sales tax on products sold on its marketplace in 2016 and owes the state $12.5 million in tax, according to amicus briefs Law360 obtained... by usoftax_admin | May 21, 2024 | Tax News
The Washington Supreme Court appeared divided on Tuesday over whether precedent means a group of funds are eligible for a business tax deduction on investment income, with one justice suggesting a previous ruling did not mesh with state tax law. by usoftax_admin | May 21, 2024 | Tax News
Former President Donald Trump has vowed to scrap Democrats’ signature 2022 climate law should he get reelected in November, but following through on that campaign promise could prove difficult amid bipartisan support for many of the law’s clean energy tax... by usoftax_admin | May 21, 2024 | Tax News
Senate Finance Committee Chairman Ron Wyden asked Pfizer to provide details on its tax practices to explain how the drug company has consistently paid tax rates that are significantly lower than the corporate tax rate in a letter released by the committee...