by usoftax_admin | Mar 19, 2025 | Tax News
Revenue received by Colorado from damage awards and certain property sales would be excluded from the revenue limit in the state’s Taxpayer’s Bill of Rights under legislation passed Wednesday by the state Senate. by usoftax_admin | Mar 19, 2025 | Tax News
U.S. multinational corporations have welcomed the option of a simplified transfer pricing approach under an international tax framework known as Amount B, but uncertainties linger about how the rules will ultimately shake out on a technical level both domestically and... by usoftax_admin | Mar 19, 2025 | Tax News
The Seventh Circuit axed the U.S. Tax Court’s dismissal of a transit company’s suit over an employee stock ownership plan, saying the lower court must specify that it lacked the authority to review the case because it was filed before the IRS completed an... by usoftax_admin | Mar 19, 2025 | Tax News
A pharmacist doing time for running a Kentucky pill mill doesn’t owe taxes on his forfeited retirement account, the Sixth Circuit ruled Wednesday, reversing a U.S. Tax Court decision that upheld what the appeals court described as an unexpected punishment. by usoftax_admin | Mar 19, 2025 | Tax News
An aerospace company’s founder, an attorney and other executives lied about a venture to launch billions of dollars in satellites so they could rake in millions from investors, according to an indictment in D.C. federal court that also charges the founder with... by usoftax_admin | Mar 19, 2025 | Tax News
Minnesota business groups criticized on Wednesday a provision in the governor’s budget proposal to expand the state sales tax to certain accounting, banking and legal services, telling a state Senate committee that it would hurt heavily taxed residents even...