by usoftax_admin | Jan 13, 2025 | Tax News
Indiana would eliminate the state’s adjusted gross income tax on both people and corporations, as well as offset resulting revenue reductions by changing the state gross retail tax, under a bill introduced Monday in the state House of Representatives. by usoftax_admin | Jan 13, 2025 | Tax News
Indiana would limit when school corporations may place referendums authorizing certain property tax levies on a ballot to general elections, under a bill introduced Monday in the state House of Representatives. by usoftax_admin | Jan 13, 2025 | Tax News
The Internal Revenue Service laid out a streamlined process Monday by which certain insurance companies that took an elective application of an alternative tax may obtain automatic consent to revoke that election. by usoftax_admin | Jan 13, 2025 | Tax News
From a look at Congress setting parameters for consideration of legislation to renew the GOP’s 2017 tax overhaul law to other upcoming tax action in the House and Senate, here’s a peek into a reporter’s notebook on a few of the week’s... by usoftax_admin | Jan 13, 2025 | Tax News
Five tribal leaders told the U.S. Treasury Department on Monday that trust payments distributed to members, including those issued to minors and special-needs individuals, should be included among the tribal welfare benefits that recent proposed rules would exempt... by usoftax_admin | Jan 13, 2025 | Tax News
Arizona is turning to the Ninth Circuit its battle with the Internal Revenue Service over the federal taxation of its 2023 rebates to taxpayers with dependents, the state told the lower court that dismissed its case.