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Key IRS Workers Can’t Do ‘Resign’ Deal Until After Tax Season

by usoftax_admin | Feb 5, 2025 | Tax News

Internal Revenue Service workers were notified Wednesday that employees working in positions considered necessary to the tax filing season can’t accept President Donald Trump’s resignation offer until mid-May.

Mastercard Owes $7.7M In Tax, SC Tells Appeals Court

by usoftax_admin | Feb 5, 2025 | Tax News

An administrative law judge was correct in finding that Mastercard’s network is its income-producing activity, occurs within South Carolina and obligates the company to pay about $7.7 million in taxes, fees and interest, the state Department of Revenue told an...

Israeli Law Firm Allowed To Amend Suit Against GILTI Regs

by usoftax_admin | Feb 5, 2025 | Tax News

A D.C. federal court on Wednesday let the owner of an Israeli law firm amend his challenge of regulations for the U.S. tax on global intangible low-taxed income, a provision of the 2017 tax overhaul.

Wash. Bill Seeks To Allow Local Excise Taxes On Cannabis

by usoftax_admin | Feb 5, 2025 | Tax News

Washington state would authorize counties to impose an excise tax of up to 2% on retail sales of cannabis, if approved by voters during a special or general election, as part of a bill introduced in the state Senate.

Kentucky Lawmakers Approve Cut To Flat Income Tax Rate

by usoftax_admin | Feb 5, 2025 | Tax News

Kentucky would lower its flat individual income tax rate by half a percentage point as part of a bill passed by lawmakers and headed to the governor.

Md. Panel OKs Payment Plans For Incarcerated Taxpayers

by usoftax_admin | Feb 5, 2025 | Tax News

Maryland taxpayers currently or formerly incarcerated would be eligible for installment plans for tax liabilities under a bill reported favorably Wednesday by a state Senate committee.
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