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NY Urges Retroactive Application Of P.L. 86-272 Regulations

by usoftax_admin | Jan 16, 2025 | Tax News

A federal law providing limited protections against state income tax does not curb a state’s authority to tax nonsolicitation business activities over the internet, and a New York rule allowing state taxation of such activities is valid and can be enforced...

Ohio Board Nixes Local Net Profits Tax Levy On Electric Co.

by usoftax_admin | Jan 16, 2025 | Tax News

A local tax review board in Ohio properly decided an economic development zone was not authorized to impose its net profits tax on an electric utility company, because state statute forbids it, the Ohio Board of Tax Appeals ruled Thursday.

Canadian Conservatives Pledge To Kill Capital Gains Hike

by usoftax_admin | Jan 16, 2025 | Tax News

The Conservative Party of Canada promised Thursday to ax a capital gains tax increase secured by the administration of outgoing Prime Minister Justin Trudeau, according to a news release shared on social media Thursday by the party’s leader and its candidate for...

IRS testing changes to alternative dispute resolution programs

by usoftax_admin | Jan 16, 2025 | Tax News

New pilot programs involve fast-track settlements and post-appeals mediation.

DOJ Tax Chief Touts Winning Court Record On Appeals

by usoftax_admin | Jan 16, 2025 | Tax News

The U.S. Department of Justice’s Tax Division won an overwhelming majority of appeals in tax cases last year by prioritizing strong legal arguments in disputes that had the potential to significantly affect federal tax administration, the head of the division...

Justices’ Pass On Philly Tax Muddles Income Tax Credit Rules

by usoftax_admin | Jan 16, 2025 | Tax News

The U.S. Supreme Court’s refusal to weigh whether Philadelphia must credit a resident’s tax paid to Delaware against the city’s wage tax raises questions about whether state and local taxes could be considered together in the calculation of income...
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Sey Tax Group
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Ireland D02 P2N6

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Fax        + 353 1 9011795

 

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