by usoftax_admin | Sep 28, 2023 | Tax News
Companies registered or created in 2024 would get an extended deadline to file beneficial ownership information reports, while other companies would not, under proposed rules. by usoftax_admin | Sep 28, 2023 | Tax News
A Houston truck sales company doesn’t owe the nearly $2 million in excise taxes it was assessed by the IRS because it is not an importer of tires that it bought from a Chinese manufacturer, merely a purchaser, a Texas federal judge ruled Thursday. by usoftax_admin | Sep 28, 2023 | Tax News
New York Attorney General Letitia James and Comptroller Thomas DiNapoli threw their weight behind a bill that would require limited liability corporations — frequently used as vehicles for real estate in New York City — to list their beneficial owners in a federal... by usoftax_admin | Sep 28, 2023 | Tax News
Michigan lawmakers approved legislation that would set a threshold for when sales and use tax applies to certain prepared food, a change proponents said is needed to iron out a compliance issue the state has with the Streamlined Sales and Use Tax Agreement. by usoftax_admin | Sep 28, 2023 | Tax News
The owner of an Indiana S corporation was correctly assessed additional individual income tax after an audit discovered unreported sales of cigarettes and other tobacco products by the business, the Department of State Revenue said. by usoftax_admin | Sep 28, 2023 | Tax News
President Joe Biden’s pick for the Internal Revenue Service’s chief counsel committed to working with whistleblowers, both internally and those who report corporate tax noncompliance, during a hearing with the Senate Finance Committee on Thursday.