by usoftax_admin | Feb 25, 2025 | Tax News
The House of Representatives approved a budget blueprint Tuesday that would allow for the passage of up to $4.5 trillion in tax cuts, paving the way to renew the expiring provisions of President Donald Trump’s signature 2017 tax overhaul. by usoftax_admin | Feb 25, 2025 | Tax News
The Internal Revenue Service’s chief operating officer will become the new acting commissioner to replace seasoned veteran Douglas O’Donnell, who took on the role last month after then-commissioner Danny Werfel stepped down when President Donald Trump took... by usoftax_admin | Feb 25, 2025 | Tax News
New Jersey would impose sales tax on digital services and raise taxes on online gambling while exempting capital gains from sales of small-business stock under a budget plan Democratic Gov. Phil Murphy unveiled Tuesday that includes $1.1 billion in tax and fee... by usoftax_admin | Feb 25, 2025 | Tax News
The U.S. Tax Court on Tuesday reaffirmed roughly $2.7 million in tax liabilities against television producer Alan Hamel and the estate of his wife, actor Suzanne Somers, finding a Treasury regulation it had relied on in its initial decision was sound. by usoftax_admin | Feb 25, 2025 | Tax News
Storage casks housing highly radioactive spent nuclear fuel are subject to taxation as real property, the New Jersey Tax Court ruled Tuesday. by usoftax_admin | Feb 25, 2025 | Tax News
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van...