by usoftax_admin | May 1, 2025 | Tax News
Colorado would reduce and then eliminate a tax deduction for sports betting operators for free bets placed by players under a bill passed by the state House of Representatives and referred to the state Senate’s Finance Committee. by usoftax_admin | May 1, 2025 | Tax News
The estate of a man whose offshore businesses were raided by the IRS, giving rise to a nearly $18 million tax judgment, criticized the agency’s effort to rebuff the estate’s claims to the D.C. Circuit that the IRS fraudulently claimed that boxes of... by usoftax_admin | May 1, 2025 | Tax News
A company in Indiana that was originally assessed additional corporate income tax after being denied a $17 million deduction for dividends from foreign subsidiaries may be able to claim another deduction, the Department of State Revenue said in a letter of... by usoftax_admin | May 1, 2025 | Tax News
The Oregon Tax Court is adhering to its finding on the treatment of Microsoft’s repatriated foreign income when calculating its state income, making only minor changes to an earlier order and rejecting the company’s arguments for further relief. by usoftax_admin | May 1, 2025 | Tax News
The Internal Revenue Service issued inflation-adjusted amounts Thursday for health savings accounts for 2026, as well as the maximum amount that may be made available for excepted benefit health reimbursement arrangements. by usoftax_admin | May 1, 2025 | Tax News
An Indiana company providing car transportation services properly paid sales tax on its rentals of vehicles, the state Department of Revenue determined, finding that the company failed to prove it was entitled to a refund. 