by usoftax_admin | Jan 16, 2024 | Tax News
Certain domestic payments within U.S. multinational corporations are likely to be innocuous under anti-abuse guidance that’s designed to keep companies from exploiting a safe harbor in the global minimum tax agreement known as Pillar Two, an IRS official said... by usoftax_admin | Jan 16, 2024 | Tax News
SLOTTING—Maine’s levy of sales and use tax on rental equipment up front rather than on rental receipts is out of sync with the rest of the nation and must be changed, lawmakers and industry leaders told the Legislature’s joint tax committee... by usoftax_admin | Jan 16, 2024 | Tax News
A federal judge was left “befuddled” Tuesday by the government’s position that a parent whose “Varsity Blues” conviction was largely thrown out on appeal can’t get back $1 million he paid to the scheme’s ringleader. by usoftax_admin | Jan 16, 2024 | Tax News
West Virginia wouldn’t impose income tax on residents with income below a certain threshold under bills introduced in the state House of Delegates. by usoftax_admin | Jan 16, 2024 | Tax News
Businesses will not be required to report the receipt of digital assets as they do cash until the U.S. Department of the Treasury and the Internal Revenue Service issue formal regulations, the agencies announced Tuesday. by usoftax_admin | Jan 16, 2024 | Tax News
Despite slowing growth in tax revenue, New York City will not raise taxes after exceeding revenue projections, Mayor Eric Adams said in a budget plan released Tuesday.