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Ohio House Bill Would Eliminate Income Tax On OT Wages

by usoftax_admin | Nov 5, 2024 | Tax News

Ohio would exempt overtime wages from the state’s personal income tax under a bill filed in the state House of Representatives.

Australian TP provisions precede new thin capitalisation rules

by usoftax_admin | Nov 5, 2024 | Tax News

Thin capitalisation rules limit the amount of debt deductions that can be claimed but regard must also be given to other income tax law provisions, the ATO said

On The Ground: How Attorneys Are Safeguarding The Election

by usoftax_admin | Nov 5, 2024 | Tax News

Attorneys are working tirelessly Tuesday to support citizens and election workers on the final day of voting in what is expected to be one of history’s closest and most contentious presidential contests.

‘Oh, Come On’: 5th Circ. Doubts Intuit Ads Misled Consumers

by usoftax_admin | Nov 4, 2024 | Tax News

The Fifth Circuit on Monday seemed skeptical that the company behind TurboTax duped customers into thinking they could file their tax returns for free, with judges engaging in a lengthy back-and-forth with the Federal Trade Commission over how noticeable disclosures...

Conn. Justice Warns Against ‘Amelia Bedelia’ Tax Law Reading

by usoftax_admin | Nov 4, 2024 | Tax News

Whether a Connecticut judge properly restored a batch of tax appeals after dismissing them could center on the meaning of the word “may,” a state Supreme Court justice said Monday, while also cautioning against an “Amelia Bedelia” approach to...

2nd Circ. Rejects Man’s Challenge To IRS Lien For $4.2M

by usoftax_admin | Nov 4, 2024 | Tax News

The U.S. Tax Court correctly found that the IRS appeals office didn’t abuse its powers by approving the agency’s federal tax lien to collect $4.2 million from a man with a court-ordered payment plan, the Second Circuit said.
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