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Ark. Revenue Outpaces Estimate By $23M Through Oct.

by usoftax_admin | Nov 4, 2024 | Tax News

Arkansas’ net general revenue fund collection from July through October surpassed a forecast by roughly $23 million, according to a report released Monday by the state Department of Finance and Administration.

Justices Let Stand Bar On Late-Filed Returns In Bankruptcy

by usoftax_admin | Nov 4, 2024 | Tax News

The U.S. Supreme Court said Monday it would let stand a Ninth Circuit decision finding late-filed returns prevented a taxpayer from discharging his federal tax debt in bankruptcy, rejecting the taxpayer’s request to resolve what he described as a significant...

Texas Revenues Through Oct. Up 2.6% From Last Year

by usoftax_admin | Nov 4, 2024 | Tax News

Texas’ net revenues collection from September through October outpaced last year’s total for the same period by 2.6%, according to a report from the state comptroller’s office.

Striking A Balance Between AI Use And Attorney Well-Being

by usoftax_admin | Nov 4, 2024 | Tax News

As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at...

IRS Finalizes Seized Property Rules To Include Online Sales

by usoftax_admin | Nov 4, 2024 | Tax News

The Internal Revenue Service issued final rules Monday meant to modernize regulations governing the seizure of property by levy, including facilitating the online sale of a property and the agency’s ability to maximize sale proceeds for the property...

Colo. Gov. Proposes Tax Credit To Woo Sundance Festival

by usoftax_admin | Nov 1, 2024 | Tax News

Colorado Gov. Jared Polis wants the state to offer a new tax credit to lure the annual Sundance Film Festival, he said Friday in a presentation of his proposed $46.1 billion state budget for fiscal year 2025-26.
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