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Ark. General Revenues Through January Up $231M

by usoftax_admin | Feb 6, 2024 | Tax News

Arkansas’ general net revenues from July through January were $231.2 million higher than projected, according to a monthly revenue report by the state Department of Finance and Administration.

Bills Would Widen Limits On Donations Of Appreciated Assets

by usoftax_admin | Feb 6, 2024 | Tax News

A pair of bills introduced in Congress on Tuesday would extend tax break restrictions on donations of appreciated assets to certain organizations.

AICPA’s member insurer to cover BOI work for accounting firms

by usoftax_admin | Feb 6, 2024 | Tax News

CNA, which has policies with 25,000 AICPA member accounting firms, said in a statement last week that its professional liability policies generally will cover work services associated with the Corporate Transparency Act, which includes rules for BOI reporting.

IRS Opens Applications For Taxpayer Advocacy Panel

by usoftax_admin | Feb 6, 2024 | Tax News

The Internal Revenue Service is accepting applications for its Taxpayer Advocacy Panel, the agency said Tuesday.

Psychedelics Bill Roundup: Mass. Proposal Enters Legislature

by usoftax_admin | Feb 5, 2024 | Tax News

A citizen-led effort to legalize personal use and possession of natural psychedelics in Massachusetts entered the state Legislature this week, a Hawaii bill to regulate therapeutic use of psilocybin is scheduled for its first hearing, and Indiana lawmakers advanced a...

NY Judge Floats Nixing Some AG Claims From NRA Trial

by usoftax_admin | Feb 5, 2024 | Tax News

A New York state judge on Monday raised the prospect of dismissing claims from the trial of the National Rifle Association and key executives, after the New York attorney general’s office rested its case in chief alleging widespread corruption at the nonprofit...
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