by usoftax_admin | Dec 14, 2023 | Tax News
The Internal Revenue Service is working on a targeted notice that will address certain issues related to previously taxed earnings and profits, or PTEP, while the agency plans to subsequently release more comprehensive proposed regulations, an IRS official said... by usoftax_admin | Dec 14, 2023 | Tax News
When dealing with commercial real estate in Clark County, Nevada — which includes the Las Vegas metro area — even sophisticated sellers may be ensnared by a myriad of tricky issues, ranging from transfer tax nuances to arbitration laws, says Chris Walther at Fennemore... by usoftax_admin | Dec 14, 2023 | Tax News
West Virginia Gov. Jim Justice tapped one of his advisers to serve as acting secretary of the state Department of Revenue following the former secretary’s judicial appointment, the governor’s office announced. by usoftax_admin | Dec 14, 2023 | Tax News
Pennsylvania would align with federal tax law by allowing income received by a resident or nonresident trust from in-state sources to be taxable to the grantor of the trust under a bill passed by state lawmakers and headed to Democratic Gov. Josh Shapiro. by usoftax_admin | Dec 14, 2023 | Tax News
The owner of an Alabama pizzeria neglected to pay trust fund taxes despite claiming that her business partner, who skipped town, was responsible for the company’s finances, the state Tax Tribunal ruled. by usoftax_admin | Dec 14, 2023 | Tax News
Nebraska’s tax department urged the state’s high court to bypass the state appeals court and affirm that a Berkshire Hathaway unit is ineligible for a deduction for certain income repatriated under the 2017 federal tax overhaul.