by usoftax_admin | Jan 21, 2025 | Tax News
An American woman living in Switzerland faces $6.9 million in penalties, interest and late fees because she did not report her accounts that were held at a Swiss bank, the U.S. government told a D.C. federal court. by usoftax_admin | Jan 21, 2025 | Tax News
Illinois would create an individual income tax deduction for overtime wages under a bill introduced in the state Senate. by usoftax_admin | Jan 21, 2025 | Tax News
Arizona’s total general fund collection from July through December surpassed budget estimates by $244 million, according to the state’s Joint Legislative Budget Committee. by usoftax_admin | Jan 21, 2025 | Tax News
Maryland would impose a new tax rate on high earners, adopt combined water’s-edge corporate tax reporting and lower its corporate tax rate under legislation introduced in the House of Delegates to enact proposals by the governor. by usoftax_admin | Jan 21, 2025 | Tax News
President Donald Trump must halt efforts to enforce his executive order easing the process to fire certain federal employees, the National Treasury Employees Union argued in a lawsuit, claiming thousands of workers could be at risk of termination “for any reason... by usoftax_admin | Jan 21, 2025 | Tax News
A Delaware federal court should refund tax penalties a company paid on a $2.7 bill from the IRS for activities related to captive insurance companies and promoting abusive tax shelters, the company argued Tuesday, saying the government provided no proof it did...