by usoftax_admin | May 3, 2024 | Tax News
Counsel for a family of business magnates who say they were duped into an illegal tax shelter scheme over 25 years ago by Sidley Austin urged a Georgia federal judge Friday to let their suit against the firm continue, arguing its defense that the suit is time-barred... by usoftax_admin | May 3, 2024 | Tax News
How far states can go in adopting informal guidance without running afoul of administrative procedure acts is a vexing question that has prompted significant litigation, panelists said Friday. by usoftax_admin | May 3, 2024 | Tax News
Democrats and Republicans are both interested in extending the 2017 tax law’s pass-through deduction, which expires at the end of 2025, though Democrats would like to limit its availability to upper-income earners, a pair of congressional staffers said... by usoftax_admin | May 3, 2024 | Tax News
Ohio’s imposition of its gross receipts tax on a Kansas-based soap company’s goods that were temporarily held in Ohio distribution centers before being shipped elsewhere passes constitutional muster, the state Department of Taxation told the Ohio Supreme... by usoftax_admin | May 3, 2024 | Tax News
Congress is unlikely to pass a so-called technical corrections bill that would change noncontroversial and revenue-neutral tax provisions in the 2022 climate law known as the Inflation Reduction Act, a Senate Finance Committee Democratic staffer said Friday.