by usoftax_admin | Nov 19, 2024 | Tax News
The Multistate Tax Commission group working on the state taxation of partnerships pondered Tuesday how to source the business income of partnerships, especially those with complex structures. by usoftax_admin | Nov 19, 2024 | Tax News
Making permanent the provisions of the 2017 tax overhaul that are set to expire at the end of 2025 would provide certainty for businesses and individuals and encourage investment and expansion, former House Ways and Means Committee Chairman Kevin Brady said... by usoftax_admin | Nov 19, 2024 | Tax News
Twelve Democratic U.S. House members asked the U.S. Department of the Treasury on Tuesday to provide more lax requirements for the clean hydrogen production tax credit than what the agency has proposed. by usoftax_admin | Nov 19, 2024 | Tax News
States should rethink the concept of sourcing nonbusiness income to where a multistate company is commercially domiciled, Multistate Tax Commission attorneys suggested Tuesday, saying the expansion of remote work has made it more difficult to pin down where some... by usoftax_admin | Nov 19, 2024 | Tax News
Turkish tax inspectors raided 100 addresses tied to alcohol businesses as part of an ongoing crackdown against suspected tax evasion by companies with 100 billion lira ($2.9 billion) in combined revenue, Turkey’s Ministry of Treasury and Finance told state news... by usoftax_admin | Nov 19, 2024 | Tax News
A coalition of local government agencies called on the U.S. Treasury Department and the IRS in a letter released Tuesday to clarify that tax-exempt entities undertaking projects that qualify for certain energy credits are able to choose elective payments for certain...