by usoftax_admin | Sep 13, 2023 | Tax News
The city of St. Louis is infringing on taxpayer rights by subjecting teleworkers to the city’s earnings tax, the chair of the state House committee on earnings tax said during a meeting. by usoftax_admin | Sep 13, 2023 | Tax News
U.S. Senate lawmakers will review a multilateral convention associated with the Organization for Economic Cooperation and Development’s profit reallocation plan once it’s finalized, Finance Committee Chairman Ron Wyden, D-Ore., said Wednesday. by usoftax_admin | Sep 13, 2023 | Tax News
U.S. states will be grappling with reverberations from a coming international minimum tax standard and litigation over the taxation of the digital economy in the near future, tax professionals said Wednesday. by usoftax_admin | Sep 13, 2023 | Tax News
Facebook agreed to drop a long-running suit against the IRS that sought records related to a three-year tax audit that more than doubled the company’s valuation of intangible property to $13.9 billion, according to a filing in California federal court. by usoftax_admin | Sep 13, 2023 | Tax News
In advance of proposed regulations, the IRS provided interim guidance to help corporations determine whether they are subject to the new corporate alternative minimum tax and how to calculate the tax, including how to determine financial statement income and... by usoftax_admin | Sep 13, 2023 | Tax News
Washington state explained when certain family-owned business interests engaged in real estate rental investment activities may qualify for the state’s estate tax deduction in an excise tax advisory issued by the state Department of Revenue.