by usoftax_admin | Dec 16, 2024 | Tax News
U.S. Senate Finance Committee Chairman Ron Wyden unveiled legislation Monday that would remove the tax benefits of a special type of private life insurance plan that he said high-net-worth individuals have been abusing to avoid paying taxes on their investments in the... by usoftax_admin | Dec 16, 2024 | Tax News
New York Gov. Kathy Hochul vetoed legislation that would have linked the state’s interest rates for delinquent residential property taxes to the prime rate and lowered the minimum rate from 12% to 2%, with a cap of 16%. by usoftax_admin | Dec 16, 2024 | Tax News
Chrystia Freeland had also been the figurehead of Canada’s controversial digital services tax adoption, which stoked economic tensions with the US by usoftax_admin | Dec 16, 2024 | Tax News
A Georgia short-line railway was overvalued for property tax purposes, the state’s tax tribunal said, adopting the company’s proposed per-mile value for its leased track and reducing the overall valuation from $4.1 million to $2.6 million. by usoftax_admin | Dec 16, 2024 | Tax News
The U.S. Supreme Court said Monday it won’t review an Eleventh Circuit decision denying a woman’s challenge to the IRS’ garnishment of her Social Security payments, letting stand the circuit court’s conclusion that her suit was barred because... by usoftax_admin | Dec 16, 2024 | Tax News
The tax on certain hotel stays in the Detroit metro area could be increased from its current 2% rate under legislation passed unanimously by the Michigan House of Representatives, potentially reaching 4% in 2031.