by usoftax_admin | Dec 17, 2024 | Tax News
A Texas federal judge on Tuesday denied the government’s request to stay his nationwide block of a corporate transparency law while an appeal is pending, saying his view that Congress lacks the constitutional authority to enact the legislation is likely to... by usoftax_admin | Dec 17, 2024 | Tax News
The process of registering as a clean fuel producer in order to be eligible to claim the associated tax credit under the Inflation Reduction Act has proved to be confusing because of a number of practical issues, a group representing the U.S. biogas industry said in a... by usoftax_admin | Dec 17, 2024 | Tax News
The Internal Revenue Service again adjusted a previous notice Tuesday to modify certain procedures for obtaining automatic consent of the agency commissioner to change methods of accounting for expenditures paid or incurred in taxable years beginning after 2021,... by usoftax_admin | Dec 17, 2024 | Tax News
A Florida taxpayer is liable to pay state sales tax on its purchases of palladium, as palladium is not tax-exempt in the state, the Florida Department of Revenue said in a technical advisement. by usoftax_admin | Dec 17, 2024 | Tax News
New Jersey plans on updating its personal income tax returns to include a question asking if a taxpayer held or engaged in transactions involving digital assets such as cryptocurrencies, the state Division of Taxation’s top official said Tuesday. by usoftax_admin | Dec 17, 2024 | Tax News
The acting commissioner of New York state’s tax agency said Tuesday that she’s excited about the possibility of harnessing advancements in technology to further scrutinize returns from complex partnerships that are difficult for auditors to digest on their...