by usoftax_admin | Dec 18, 2024 | Tax News
Gym membership dues paid during a monthlong summer sales tax holiday in Florida are exempt from tax, the state Department of Revenue said, finding that the date of the actual payment is what determines eligibility. by usoftax_admin | Dec 18, 2024 | Tax News
A vote could come as early as today on the continuing resolution, which would extend the reporting deadline by one year to Jan. 1, 2026. by usoftax_admin | Dec 18, 2024 | Tax News
The Internal Revenue Service updated the effective date to January 2026 — instead of next year — for when some must start to withdraw the required minimum amount of funds from several types of individual retirement accounts that were amended by a December 2022... by usoftax_admin | Dec 18, 2024 | Tax News
State tax revenues have been stable in 2024 despite continuing tax rate cuts in many states, but some research groups are predicting difficult years ahead as the last of the federal funding from the pandemic runs out. by usoftax_admin | Dec 18, 2024 | Tax News
Raghavan Ramabadran, Krithika Jaganathan, and Nirupama Shankar of Lakshmikumaran & Sridharan explore the tax benefits available to businesses under India’s special economic zones framework and the practicalities and challenges of the SEZ Online system by usoftax_admin | Dec 17, 2024 | Tax News
The IRS released final regulations that amend the definition of “coverage month” and amend other rules in existing income tax regulations for computing the premium tax credit.