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Mich. Federal Judge Won’t Pause State Foreclosure Cases

by usoftax_admin | Feb 6, 2024 | Tax News

A Michigan federal judge overseeing a class action by taxpayers alleging that a county unlawfully kept proceeds on the sales of their foreclosed homes has found that a federal law precludes her from staying state proceedings against the same defendant, denying the...

Estate Of Hilton Founder’s Son Challenges $1.2B Tax Bill

by usoftax_admin | Feb 6, 2024 | Tax News

The Internal Revenue Service incorrectly rejected charitable contribution deductions for bequests by the son of the Hilton hotel chain founder, the son’s estate told the U.S. Tax Court as it challenged the IRS’ determination of a $1.16 billion estate tax...

Mo. House Bill Aims To Boost Resident Income Tax Exemption

by usoftax_admin | Feb 6, 2024 | Tax News

Missouri would more than double the amount of a resident’s income that is exempt from taxation under a bill introduced in the state House of Representatives.

NYC Mayor Backs Housing Tax Breaks, Tenant Protections

by usoftax_admin | Feb 6, 2024 | Tax News

New York City Mayor Eric Adams expressed support to state lawmakers Tuesday for pairing tax incentives for affordable housing developers with increased protections for tenants as part of a legislative package to boost the city’s housing supply.

Chile’s Digital VAT Has Brought In $1B Since 2020, Gov’t Says

by usoftax_admin | Feb 6, 2024 | Tax News

Chile’s value-added tax on digital services from platform providers with no domicile in the country, such as Google and Meta, has generated over $1 billion since taking effect in 2020, the country’s revenue agency said.

Ind. Senate Approves Sales Tax Nexus Change

by usoftax_admin | Feb 6, 2024 | Tax News

Indiana would remove a stipulation that retailers with a certain number of sales per year must collect and remit sales tax under a bill approved by the state Senate.
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