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Crypto Council Seeks Delay In Digital Asset Broker Regs

by usoftax_admin | Nov 5, 2024 | Tax News

The IRS should delay the effective date of a requirement in the digital assets broker regulations that calls for identifying units of the assets in the broker’s custody until the agency clarifies the provision, a global council of cryptocurrency companies said...

Montana General Revenues Through Oct. Down $6M

by usoftax_admin | Nov 5, 2024 | Tax News

Montana general revenue collection from July through October fell roughly $6 million compared with the same period in the last fiscal year, according to the state Department of Revenue.

Florida Net Revenue Through Sept. Beats Estimate By $226M

by usoftax_admin | Nov 5, 2024 | Tax News

Florida’s net revenue collection from July through September beat revenue estimates by $226 million, according to a report by the state Office of Economic and Demographic Research.

2nd Circ. Urged To Rethink Dual Citizen’s FBAR Penalties

by usoftax_admin | Nov 5, 2024 | Tax News

A dual U.S.-French citizen found liable for tax penalties by the Second Circuit for hiding millions of dollars in foreign accounts asked the court Tuesday to reconsider, saying American authorities demanded she participate in a deposition that would have put her in...

Iowa Net Receipts Through Oct. Drop $6M From Last Year

by usoftax_admin | Nov 5, 2024 | Tax News

Iowa net receipts from July through October fell $6 million from the total for the same period last fiscal year, according to the state Legislative Services Agency.

Calif. OTA Says Ga. Biz Owner Owes Income Tax

by usoftax_admin | Nov 5, 2024 | Tax News

A Georgia resident is required to file and pay taxes on California income from a company he partly owned, the California Office of Tax Appeals ruled Tuesday, sustaining the findings of the state Franchise Tax Board.
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