by usoftax_admin | Jan 13, 2025 | Tax News
Indiana would allow pass-through entities to exclude a resident direct owner’s share of adjusted gross income tax that is subject to individual income tax in another state, under a bill introduced Monday in the state Senate. by usoftax_admin | Jan 13, 2025 | Tax News
A woman who frivolously claimed her wages were nontaxable owes $15,700 in taxes and penalties, but she doesn’t owe a fine for making groundless arguments, the U.S. Tax Court said in an opinion Monday. by usoftax_admin | Jan 13, 2025 | Tax News
Maryland taxpayers who are incarcerated or were formerly incarcerated would be eligible for installment plans for tax liabilities under a bill introduced in the state Senate. by usoftax_admin | Jan 13, 2025 | Tax News
Portions of property in a farming operation used for a corn maze and for a landfill that was part of a remediation effort are eligible for a special agricultural property tax assessment, the Oregon Tax Court ruled. by usoftax_admin | Jan 13, 2025 | Tax News
Indiana would provide a definition of investment partnerships in the state’s income tax law and establish rules for sourcing the adjusted gross income of such partnerships under a bill introduced Monday in the state Senate. by usoftax_admin | Jan 13, 2025 | Tax News
Indiana’s governor signaled that he planned to tackle rising property taxes and the state’s tax regime, saying in his inaugural address Monday that his newly sworn-in administration was going to “give it one good shot.”