by usoftax_admin | Sep 8, 2023 | Tax News
Michigan urged the state’s highest court to dismantle a class action seeking proceeds from tax foreclosure sales in Michigan, saying that a state law provides the only mechanism for property owners to recoup when their homes are seized by the state. by usoftax_admin | Sep 8, 2023 | Tax News
The parent of Timberland owes the IRS a lump sum of $505 million regarding the transfer of intangibles to a foreign subsidiary, the First Circuit ruled Friday, rejecting the apparel maker’s contention that it could pay the taxes over time. by usoftax_admin | Sep 8, 2023 | Tax News
Nevada would clarify tax collection and reporting requirements for the state excise tax on cannabis sales as those requirements apply to “cannabis consumption lounges” under an initial draft of regulations proposed by the Department of Taxation’s Tax... by usoftax_admin | Sep 8, 2023 | Tax News
South Carolina will push some tax payment and filing deadlines until February in conjunction with the Internal Revenue Service’s postponement of deadlines for people and businesses in the state that were affected by Hurricane Idalia, the state’s Department... by usoftax_admin | Sep 8, 2023 | Tax News
The Missouri Department of Revenue proposed regulatory amendments to clarify an exception to a tax withholding requirement for paying compensation to a nonresident entertainer when the person making the payment is exempt from taxation under certain charitable,... by usoftax_admin | Sep 8, 2023 | Tax News
Virginia’s interest rates for the underpayment and overpayment of tax will increase by a percentage point for the fourth quarter of this year, the state Department of Taxation said in a bulletin Friday.