by usoftax_admin | Mar 19, 2025 | Tax News
Three industry groups asked the Eleventh Circuit to reverse a U.S. Tax Court decision affirming that the Internal Revenue Service could raise Coca-Cola’s taxes by $2.7 billion, saying in friend-of-the-court briefs that the IRS acted arbitrarily in hiking the... by usoftax_admin | Mar 19, 2025 | Tax News
The Louisiana Supreme Court dismissed a lawsuit from a group of state residents to halt a referendum that, if approved, would allow for a state constitutional change to carry out an overhaul of the state’s tax regime. by usoftax_admin | Mar 19, 2025 | Tax News
Comerica is entitled to interest on a nearly $11 million business tax refund it received following the Michigan Supreme Court’s upholding of transfers of tax credits that occurred during a merger, the state Tax Tribunal ruled. by usoftax_admin | Mar 19, 2025 | Tax News
A Florida man should have included his early withdrawal of roughly $57,000 from his retirement account in that year’s tax return, the U.S. Tax Court said Wednesday, also agreeing that the agency was correct to assess an accuracy-related penalty against... by usoftax_admin | Mar 19, 2025 | Tax News
The Ohio Board of Tax Appeals amended regulations to clarify its authority to issue orders in response to several common, rarely contested types of filings and streamline the resolution of tax disputes in such cases, according to a final rule. by usoftax_admin | Mar 19, 2025 | Tax News
The premium rate for Colorado’s paid family medical leave insurance program would dip and a benefit for parents of newborns in intensive care would increase under a bill passed Wednesday by the state Senate.