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Ga. Man’s Marital Settlement Not Deductible, Tax Court Says

by usoftax_admin | Feb 7, 2024 | Tax News

Payments made by a Georgia man to his ex-wife as part of a marital settlement do not qualify as alimony payments, preventing them from being deductible from his federal income taxes, the U.S. Tax Court ruled Wednesday.

Tax Deadlines In W.Va. Postponed Following Severe Weather

by usoftax_admin | Feb 7, 2024 | Tax News

The Internal Revenue Service said Wednesday that it has postponed certain deadlines for West Virginia taxpayers affected by severe weather late last year.

Miss. Bill Would Phase In Small Biz Property Tax Exemption

by usoftax_admin | Feb 7, 2024 | Tax News

Mississippi would phase in a personal property tax exemption for businesses with less than $2 million of annual net revenue as part of a bill introduced Wednesday in the state Senate.

NC Man Failed To Pose ‘Meaningful Challenge,’ Tax Court Says

by usoftax_admin | Feb 7, 2024 | Tax News

A North Carolina man did not make a “meaningful challenge” to a tax liability assessed to him, the U.S. Tax Court said Wednesday, making him liable for more than $8,000.

Orrick Adds Ex-Greenberg Traurig Energy Pro In Chicago

by usoftax_admin | Feb 7, 2024 | Tax News

A former Greenberg Traurig LLP shareholder has reunited with her mentor after jumping to Orrick Herrington & Sutcliffe LLP’s energy and infrastructure team in Chicago.

House Panel’s Top Dem Floats Bill To Require Automatic IRAs

by usoftax_admin | Feb 7, 2024 | Tax News

The House Ways and Means Committee’s top Democrat introduced legislation Wednesday that would expand workers’ retirement coverage by requiring employers with 10 or more employees to establish a federal automatic individual retirement account program.
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