by usoftax_admin | Jan 13, 2025 | Tax News
The U.S. Supreme Court should deny the federal government’s emergency application to stay a Texas district court’s injunction on a law aimed at cracking down on crimes committed with shell companies, according to numerous state attorneys general and... by usoftax_admin | Jan 13, 2025 | Tax News
Virginia would give a credit to some residents for car tax payments, get rid of the tax on tips and extend a higher standard deduction into next year under a proposal outlined Monday by Republican Gov. Glenn Youngkin. by usoftax_admin | Jan 13, 2025 | Tax News
A global tax services provider asked a Texas federal court to vacate finalized tax rules requiring the reporting of certain transactions involving captive insurance companies deemed as potentially abusive, arguing the guidance goes beyond the agency’s... by usoftax_admin | Jan 13, 2025 | Tax News
Los Angeles County taxpayers will have an extended deadline to file and pay taxes amid the county’s wildfires, Democratic Gov. Gavin Newsom said Monday. by usoftax_admin | Jan 13, 2025 | Tax News
Sen. Elizabeth Warren, D-Mass., plans to ask Treasury secretary nominee Scott Bessent at his confirmation hearing in front of the Senate Finance Committee on Thursday about President-elect Donald Trump’s tax agenda and plans for the Internal Revenue Service,... by usoftax_admin | Jan 13, 2025 | Tax News
The owners of a pair of Oregon residences were denied depreciation deductions against their state income taxes because they did not demonstrate that the homes were income-producing properties, the state tax court said.