by usoftax_admin | Dec 5, 2024 | Tax News
New York City properly denied an architectural firm’s deductions for commissions paid to a domestic international sales organization owned by the firm’s partners, a New York state appeals court affirmed Thursday, saying the city wasn’t required to... by usoftax_admin | Dec 5, 2024 | Tax News
An effort to nearly double the $42 million taxable value of a property to its recent sale price was correctly dismissed, an Ohio state appeals court said, upholding a state law barring complaints based on the untimeliness of a sale. by usoftax_admin | Dec 5, 2024 | Tax News
A Texas tax agency regulation that declared that fulfillment centers are not automatically places of business for local sales tax sourcing is harmful to the Texas cities that opposed it and the state comptroller of public accounts is banned from enforcing it, a state... by usoftax_admin | Dec 5, 2024 | Tax News
As senators digested President-elect Donald Trump’s nomination of a former U.S. House member to be commissioner of the Internal Revenue Service, some Democrats said the nominee’s experience promoting problematic employee retention credits immediately... by usoftax_admin | Dec 5, 2024 | Tax News
Michigan would allow certain marketplace facilitators of deliveries to deduct sales tax that they paid to sellers to avoid potential double-taxation issues under a bill advanced by a state House of Representatives tax-writing committee. by usoftax_admin | Dec 5, 2024 | Tax News
The Eleventh Circuit won’t reconsider its decision to let John Hancock Life Insurance Co. keep $100 million in foreign tax credits, leaving in place its October ruling against a Florida law firm retirement plan’s trustees.