by usoftax_admin | Dec 4, 2024 | Tax News
The Senate Finance Committee has scheduled a vote Thursday on the nomination of David Samuel Johnson as the inspector general for tax administration, committee Chairman Ron Wyden announced Wednesday. by usoftax_admin | Dec 4, 2024 | Tax News
Allowing the individual income tax cuts enacted under President Donald Trump’s 2017 tax overhaul to expire at the end of next year as planned won’t have a significant effect on the economy over 10 years, the Congressional Budget Office said... by usoftax_admin | Dec 4, 2024 | Tax News
An Ohio sales and use tax exception for property used in manufacturing applies to cleaning supplies used in food production and not just cleaning supplies used in the production of dairy products, the state Department of Taxation clarified in adopted regulatory... by usoftax_admin | Dec 4, 2024 | Tax News
An Indiana-based waste management company was wrongly assessed personal property tax on front-end lifts attached to its garbage trucks, the state’s Board of Tax Review said. by usoftax_admin | Dec 4, 2024 | Tax News
The Internal Revenue Service warned taxpayers Wednesday of an uptick in fraud schemes involving donations of ownership interests in closely held businesses, a scam that usually targets wealthier people. by usoftax_admin | Dec 4, 2024 | Tax News
The Internal Revenue Service is accepting applications until the end of January to join its Electronic Tax Administration Advisory Committee, the agency announced Wednesday.