by usoftax_admin | Oct 24, 2024 | Tax News
EDITING–The Washington State Supreme Court said Thursday that a group of funds that buy and sell distressed credit card debt can’t claim a state business tax deduction on investment income because those investments were not incidental to their main... by usoftax_admin | Oct 24, 2024 | Tax News
Elections officials are permitted to place financial disclosure information next to a Washington state ballot measure that would repeal the state’s tax on capital gains, the Washington Supreme Court ruled Thursday, upholding a trial court. by usoftax_admin | Oct 24, 2024 | Tax News
The U.S. Tax Court correctly found that a Washington couple who repeatedly filed frivolous returns and claimed their wages are tax-free owe about $9,000 in taxes for 2017 and 2018, the Ninth Circuit said Thursday. by usoftax_admin | Oct 24, 2024 | Tax News
The Internal Revenue Service correctly disallowed a couple’s nearly $94,000 in claimed individual and business deductions, the U.S. Tax Court said Thursday, while also finding them liable for nearly $11,000 in accuracy-related penalties. by usoftax_admin | Oct 24, 2024 | Tax News
An emergency rule in Louisiana extended the effectiveness of regulations implementing a recently issued gubernatorial executive order that made several adjustments to the state’s industrial tax exemption program. by usoftax_admin | Oct 24, 2024 | Tax News
A Delaware company owes New York sales tax on services it offered that constitute taxable information services, but other services it offered were personal and individual in nature and therefore excluded from tax, an administrative law judge for the state Division of...