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La. Dept. Lowers Interest Charged On Unpaid Taxes

by usoftax_admin | Jan 2, 2025 | Tax News

The Louisiana Department of Revenue lowered the rate of interest it collects on unpaid taxes by half a percentage point, the department said in a bulletin.

Kan. Revenue Tops Estimate By $89M In December

by usoftax_admin | Jan 2, 2025 | Tax News

Kansas’ general fund revenue in December totaled $89 million more than the amount projected for the month, according to a report issued Thursday by the state Department of Revenue.

Crypto Groups Challenge Decentralized Finance Broker Rule

by usoftax_admin | Jan 2, 2025 | Tax News

Three cryptocurrency industry groups have teamed up to challenge a final U.S. Treasury Department rule implementing additional reporting requirements for decentralized finance brokers, telling a Texas federal court that the rule is unconstitutional and could destroy...

Ohio Dept. Expands Rules For Income Tax Refund Requests

by usoftax_admin | Jan 2, 2025 | Tax News

Ohio provided the state tax commissioner more latitude for the creation of state income tax refund claim forms and the documentation needed to substantiate claims under regulatory amendments approved by the state Department of Taxation.

Republicans Want Yellen To Answer For Chinese Cyber Attack

by usoftax_admin | Jan 2, 2025 | Tax News

Congressional Republicans want U.S. Treasury Secretary Janet Yellen to explain how a Chinese state-sponsored entity hacked into Treasury’s computer systems and accessed potentially sensitive information.

How Changes In State Gift Card Laws May Affect Cos. In 2025

by usoftax_admin | Jan 2, 2025 | Tax News

2024 state legislative movements around the escheatment of unused gift card balances and consumer fraud protections should prompt issuers to consider whether changes in company domicile or blanket cash-back policies are needed in the new year, say attorneys at Alston...
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