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Bipartisan Tax Efforts Persist Despite GOP Grip On Congress

by usoftax_admin | Feb 14, 2025 | Tax News

Despite the Republican Party’s overwhelming control of Washington, nearly two dozen bipartisan tax bills have been introduced since the start of the 119th Congress, a strong indication that lawmakers from both political parties still see value in working...

4th Circ. Rejects IRS Worker’s Discrimination Claims

by usoftax_admin | Feb 14, 2025 | Tax News

A Maryland federal court was right to reject claims by a Vietnam-born Internal Revenue Service employee who said she was discriminated against when managers disciplined her for insubordination, the Fourth Circuit ruled Friday, saying she failed to prove other...

A Proposal With Sugar On Top In Mass.: SALT In Review

by usoftax_admin | Feb 14, 2025 | Tax News

From a call to exempt candy from sales tax in Massachusetts to an unusual property tax idea in New Jersey, RSM’s David Brunori offers his thoughts on noteworthy state and local tax news.

Miss. House Bill Would Exclude Tips From Income Tax

by usoftax_admin | Feb 14, 2025 | Tax News

Mississippi would exclude workers’ tips from the state income tax under a bill introduced in the state House of Representatives.

Tariffs On Drugs, Chips May Not Bring Makers Stateside

by usoftax_admin | Feb 14, 2025 | Tax News

The White House’s planned tariffs on semiconductors, computer chips and pharmaceuticals are likely to raise prices for consumers and businesses, but won’t necessarily lead to the president’s stated goal of growing domestic manufacturing, attorneys...

A Look At A Possible Corporate Transparency Act Exemption

by usoftax_admin | Feb 14, 2025 | Tax News

Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act’s reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be...
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