by usoftax_admin | Feb 1, 2024 | Tax News
A New York bankruptcy judge Thursday gave a New York City music venue what he said was one last chance to get caught up on its state and federal back taxes before it faces a conversion of its Chapter 11 reorganization to a liquidation. by usoftax_admin | Jan 31, 2024 | Tax News
The House of Representatives passed a bipartisan bill Wednesday night that would extend the full tax break for research and development costs and expand the child tax credit for multiple years, sending the deal to the Senate for consideration. by usoftax_admin | Jan 31, 2024 | Tax News
The Michigan Supreme Court declined Wednesday to directly review a group of taxpayers’ appeal of a judge’s ruling that a 2023 personal income tax cut was only temporary, but it ordered the state Court of Appeals to rule on the case within six weeks. by usoftax_admin | Jan 31, 2024 | Tax News
The estate of the former president of an aerospace parts company, and his wife, owe gift taxes in connection with the couple’s sale of company shares to their son, the U.S. Tax Court ruled Wednesday. by usoftax_admin | Jan 31, 2024 | Tax News
A ballot measure providing for a sales tax to fund early childhood education and pediatric healthcare in a California county did not need a two-thirds majority to pass and thus can stand, a state appellate panel said. by usoftax_admin | Jan 31, 2024 | Tax News
Maryland would allow pass-through entities to receive and allocate the state’s biotechnology investment incentive tax credit under a bill introduced in the state Senate.