by usoftax_admin | Dec 5, 2024 | Tax News
Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations. by usoftax_admin | Dec 5, 2024 | Tax News
Telecommunication companies would be able to convert to limited liability companies in Michigan while continuing to be considered corporations for state tax purposes under a package of bills passed by the Legislature. by usoftax_admin | Dec 5, 2024 | Tax News
A retired U.S. Postal Service carrier from Texas owes $10,000 in civil penalties for making frivolous claims that his income wasn’t subject to taxes because he wasn’t a federal employee, the U.S. Tax Court ruled in a bench opinion released Thursday. by usoftax_admin | Dec 5, 2024 | Tax News
Louisiana will eliminate its tiered corporate and individual income tax regime in favor of flat taxes and will scrap the state’s corporate franchise tax in 2026 under a package of bills signed Thursday by the governor. by usoftax_admin | Dec 5, 2024 | Tax News
The Internal Revenue Service released Thursday the 2024 edition of an annual list of required amendments for qualifying individually designed retirement plans. by usoftax_admin | Dec 5, 2024 | Tax News
The Internal Revenue Service approved workers’ compensation claims from agency employees that should have been barred because they were filed late, the Treasury Inspector General for Tax Administration said Thursday in a report that called for improvements to...