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NY Tax Head Says DC Turmoil To Have Unclear Consequences

by usoftax_admin | Feb 27, 2025 | Tax News

Efforts to reshape federal spending and the U.S. government will have consequences for New York, but it’s too soon to be sure how federal policy changes will affect tax revenue, the state’s acting tax commissioner told lawmakers during a hearing...

Colo. Revenue Collection in January Up $223M From Last Year

by usoftax_admin | Feb 27, 2025 | Tax News

Colorado’s total general revenue in January beat collections in the same month last year by $223 million, according to data released by the state Department of Revenue.

KPMG Secures Arizona Approval To Operate Law Firm

by usoftax_admin | Feb 27, 2025 | Tax News

Arizona’s supreme court on Thursday approved an alternative business structure license to allow accounting giant KPMG to run its own law firm in the U.S.

Phishing Tax Scams Top IRS ‘Dirty Dozen’ List

by usoftax_admin | Feb 27, 2025 | Tax News

Taxpayers should watch out for email phishing scams, bad social media advice and people offering help to set up online accounts, the Internal Revenue Service said Thursday in its “Dirty Dozen” list of tax scams for 2025.

RI House Finance Panel Questions Legality Of Digital Ad Tax

by usoftax_admin | Feb 27, 2025 | Tax News

Rhode Island’s plan to tax digital advertisement revenue may open the state to legal challenges, members of the state House of Representatives Finance Committee said, expressing concern at the possibility of being the second state to enact such a tax.

Minn. Bill Seeks Corporate Surtax For High Executive Pay

by usoftax_admin | Feb 27, 2025 | Tax News

Minnesota would impose additional corporate franchise tax on businesses whose pay for top executives greatly exceeds the median pay of their workers and deny state grants for those companies under legislation introduced Thursday in the state Senate.
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