by usoftax_admin | Jan 31, 2024 | Tax News
Florida would impose a cap on the amount of annual revenue that localities can collect from levying business taxes under a bill the state House Ways and Means Committee approved Wednesday over objections from some local government representatives. by usoftax_admin | Jan 31, 2024 | Tax News
Oklahoma would reduce and eventually eliminate personal and corporate income taxes under a bill introduced in the state House of Representatives. by usoftax_admin | Jan 31, 2024 | Tax News
The three main international tax provisions of 2017’s Tax Cuts and Jobs Act — GILTI, FDII and the BEAT — have had mixed success, but lawmakers should be careful to retain the beneficial parts while considering any changes to better fit into the global tax... by usoftax_admin | Jan 31, 2024 | Tax News
Mississippi would provide ad valorem tax exemptions for some personal property owned by businesses and used only on business property under a bill introduced in the state House of Representatives on Wednesday. by usoftax_admin | Jan 31, 2024 | Tax News
The IRS is fulfilling its promise to crack down on those who have neglected to pay taxes on cryptocurrency earnings, as demonstrated by recently imposed prison sentences, enforcement initiatives and meetings with international counterparts — suggesting a few key... by usoftax_admin | Jan 31, 2024 | Tax News
An eyewear seller must pay nearly $85,000 after failing to dispute claims of unreported gross income, the U.S. Tax Court ruled Wednesday.