by usoftax_admin | Dec 9, 2024 | Tax News
The U.S. solicitor general advised the U.S. Supreme Court on Monday to decline to hear a Philadelphia woman’s claim that the city’s refusal to provide a credit for Delaware state taxes paid is unconstitutional, saying the policy doesn’t inherently... by usoftax_admin | Dec 9, 2024 | Tax News
The Tenth Circuit affirmed Monday the U.S. Tax Court’s determination that a Denver personal injury lawyer shouldn’t be allowed to deduct about $300,000 for his car racing-related costs as advertising, despite his claims that his races helped him drum up... by usoftax_admin | Dec 9, 2024 | Tax News
Lawmakers should pass pending legislation to give 403(b) plan participants access to collective investment trusts, leveling the playing field for public sector retirement investors by giving them an investment option their private sector counterparts have had for... by usoftax_admin | Dec 9, 2024 | Tax News
New Hampshire’s total revenue receipts from July through November lagged behind forecasts by almost $21 million, according to the state Department of Administrative Services. by usoftax_admin | Dec 9, 2024 | Tax News
The U.S. Tax Court sided with the owner of a now-shuttered used car dealership Monday in allowing him to deduct certain business expenses, which reduced the IRS’ combined $4.7 million assessment of underreported income over a four-year period. by usoftax_admin | Dec 9, 2024 | Tax News
New Jersey would eliminate its transaction threshold for sales tax and corporate income tax nexus purposes under a bill the state Senate Budget and Appropriations Committee approved Monday.