by usoftax_admin | Sep 5, 2023 | Tax News
The U.S. Tax Court correctly ruled that a dead woman’s irrevocable trust owes more than $38,000 in estate taxes stemming from transfers she had made to one of her children, the federal government argued to the Ninth Circuit on Tuesday. by usoftax_admin | Sep 5, 2023 | Tax News
New Hampshire’s 2024 interest rates for underpayment and overpayment of taxes will increase by 2 percentage points from the 2023 rates, the state’s Department of Revenue Administration announced Tuesday. by usoftax_admin | Sep 5, 2023 | Tax News
The Internal Revenue Service should issue updated guidance regarding political activities of tax-exempt groups, including outlining permissible political activities that they can engage in, two attorneys told the House Ways and Means Committee. by usoftax_admin | Sep 5, 2023 | Tax News
A Ninth Circuit decision upholding the constitutionality of the repatriation tax passed under the 2017 Tax Cuts and Jobs Act must be overturned because it permits taxation on unrealized gains, which violates the 16th Amendment, a couple told the U.S. Supreme... by usoftax_admin | Sep 5, 2023 | Tax News
A Georgia Institute of Technology professor pled guilty to committing tax fraud by overstating his charitable deductions in a scheme involving Chinese nationals’ donations to the university foundation, the U.S. Department of Justice said. by usoftax_admin | Sep 5, 2023 | Tax News
Delaware will let residents who are members of a labor organization claim a personal income tax deduction of up to $500 to cover the cost of union dues under legislation signed by the governor.