by usoftax_admin | Jan 14, 2025 | Tax News
Compensation from affiliates of publicly traded companies would count toward the $1 million limit on tax deductions for performance-based pay of high-earning employees under rules proposed Tuesday by the U.S. Treasury Department and Internal Revenue Service. by usoftax_admin | Jan 14, 2025 | Tax News
A Michigan county has urged a federal judge to toss a proposed class action alleging that it kept surplus proceeds from tax-foreclosed home sales, saying the homeowner bringing the claims hasn’t yet used the state’s process for securing the proceeds. by usoftax_admin | Jan 14, 2025 | Tax News
Newly finalized regulations implementing the Section 45V clean hydrogen tax credit allow producers more flexibility, and should therefore help put the industry on more solid footing — but the incoming Trump administration and Republican Congress will have multiple... by usoftax_admin | Jan 14, 2025 | Tax News
Oregon would allow tax credits for the costs of transmission services for wind or solar power or power storage by new generation facilities under a bill introduced in the state House of Representatives. by usoftax_admin | Jan 14, 2025 | Tax News
Arkansas would allow state lawmakers to request sales and use tax reports for local jurisdictions from the state Department of Finance and Administration under a bill introduced in the state Senate. by usoftax_admin | Jan 14, 2025 | Tax News
Missouri would allow taxpayers to claim an income tax deduction for property tax payments under a bill introduced in the state House of Representatives.