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Scrutiny Of Nonprofits Prompts Push To Ax Short Application

by usoftax_admin | Oct 6, 2023 | Tax News

With the House tax committee probing the legitimacy of nonprofits, groups representing the sector are pushing to get rid of the streamlined application for charitable tax-exempt status, saying the form needs to be eliminated to safeguard nonprofits’...

Maine Tax Agency OKs Regs For Sales To Tribes, Withholding

by usoftax_admin | Oct 6, 2023 | Tax News

Maine clarified the tax treatment of sales to American Indian tribal members and entities and explained an income tax withholding exemption and income modifications permitted for tribal members living in the state, under regulations adopted by the state tax...

Iowa Dept. Offers Clarified Tax Regs For Sales Price, Sourcing

by usoftax_admin | Oct 6, 2023 | Tax News

Iowa sales tax shouldn’t be included on the listed price of an item, the state Department of Revenue said in proposed readoption of regulations. 

Mich. House Bills Would Create R&D Credit

by usoftax_admin | Oct 6, 2023 | Tax News

Michigan businesses that qualify would be able to claim a tax credit of up to $2 million for research and development expenses under a series of bills introduced in the state House of Representatives.

NM Proposes Digital Ad Tax Rules With New Sourcing Method

by usoftax_admin | Oct 6, 2023 | Tax News

New Mexico’s tax department unveiled revised rules clarifying its digital advertising tax regulations after industry groups voiced concern over a proposal that would have sourced gross receipts to server locations.

US Warns UN Not To Duplicate Work On OECD Int’l Tax Plan

by usoftax_admin | Oct 6, 2023 | Tax News

The U.S. warned member states at the United Nations not to duplicate the ongoing work at the Organization for Economic Cooperation and Development on its global tax overhaul.
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