by usoftax_admin | Oct 26, 2023 | Tax News
The Washington state Supreme Court on Thursday pressed the state revenue department to explain why a sales tax applies to a federal program providing free phone service to low-income households, with one justice seeming to question if the tax violates the... by usoftax_admin | Oct 26, 2023 | Tax News
The U.S. Tax Court slashed a nearly $9 million charitable deduction claimed by a Georgia partnership for its donation of a conservation easement, saying Thursday that the partnership was limited by its basis in the donated property to a deduction of around... by usoftax_admin | Oct 26, 2023 | Tax News
The North Dakota Senate rejected a $46 million proposal that would have eliminated income tax for individuals making under $60,000, leading the governor to criticize lawmakers for squandering an opportunity to lower taxes. by usoftax_admin | Oct 26, 2023 | Tax News
A California-based information technology professional is liable for more than $25,000 in understated income taxes and penalties after the U.S. Tax Court found Thursday that he failed to keep proper records of his entrepreneurial endeavor, one of many factors... by usoftax_admin | Oct 26, 2023 | Tax News
Argentina extended a tax break for companies that have price agreements with the country’s commerce department on foreign currency for international trade of energy products, the country’s tax authority said Thursday in a news release. by usoftax_admin | Oct 26, 2023 | Tax News
Scrip fees charged by lenders for securities lending arrangements are exempt from value-added tax, the South African Revenue Service said in a binding general ruling.