by usoftax_admin | Jan 6, 2025 | Tax News
New York Gov. Kathy Hochul said Monday that she wants to roughly triple the state’s refundable child tax credit to up to $1,000 per child under the age of four and increase the benefit to as much as $500 for older children. by usoftax_admin | Jan 6, 2025 | Tax News
Idaho’s governor will push for a new round of tax cuts this year, worth a total of $100 million, he said Monday during his State of the State address. by usoftax_admin | Jan 6, 2025 | Tax News
Illinois would allow some owners of affordable rental housing until the end of 2037 to apply for a reduction in their property’s assessed value for tax purposes as part of a bill introduced in the state Senate. by usoftax_admin | Jan 6, 2025 | Tax News
The federal government can foreclose on a jointly owned dental practice to satisfy the roughly $500,000 tax debt of one of its partners, a New Jersey federal court ruled Monday, rejecting the request of a partner dentist who urged the court to spare his share. by usoftax_admin | Jan 6, 2025 | Tax News
A Philadelphia-based personal injury attorney who was convicted for not paying income tax on more than $8 million in revenue he earned and for failing to pay almost $60,000 in payroll taxes argued Monday he should not permanently lose his ability to practice law in... by usoftax_admin | Jan 6, 2025 | Tax News
A Virginia-based government contractor that provided technology consulting services was correctly assessed retail sales and use tax on hardware and software sales that were part of a cost reimbursement contract, the state’s tax commissioner said.