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Neb. Bill Aims To Expand Tax Break For Nonprofits’ Purchases

by usoftax_admin | Jan 5, 2024 | Tax News

Nebraska would expand a sales and use tax exemption for purchases by nonprofit organizations under a bill introduced in the state’s unicameral Legislature.

Mexican Eatery Owner Sentenced To 3 Years For Tax Fraud

by usoftax_admin | Jan 5, 2024 | Tax News

A Nevada owner of three Mexican restaurants was sentenced to just over three years in prison and ordered to pay $2.2 million in restitution for tax evasion and filing false federal income tax returns, the U.S. Department of Justice announced.

Neb. Bill Aims To Allow Remote Property Assessor Inspections

by usoftax_admin | Jan 5, 2024 | Tax News

Nebraska would change how county assessors must inspect and review taxable real property and would allow assessors to conduct inspections remotely under a bill introduced in the state’s unicameral Legislature.

NRA Chief Announces Resignation On Eve Of NY Fraud Trial

by usoftax_admin | Jan 5, 2024 | Tax News

Wayne LaPierre on Friday announced his intention to step down as CEO of the National Rifle Association at the end of January, just ahead of a trial set to begin Monday in the New York attorney general’s lawsuit alleging he spent millions of the pro-gun...

Mass. Tax Board Adopts Rules For Transparency, Settlements

by usoftax_admin | Jan 5, 2024 | Tax News

The Massachusetts Appellate Tax Board on Friday adopted rule changes aimed at promoting transparency and encouraging parties to confer at various stages in litigation to attempt to reach settlements.

Molson Coors Says Min. Tax Must Allow Goodwill Adjustment

by usoftax_admin | Jan 5, 2024 | Tax News

Beer giant Molson Coors called on the U.S. Department of the Treasury to allow audited financial statement income to be adjusted to account for the amortization of goodwill for purposes of the 15% corporate alternative minimum tax.
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