by usoftax_admin | Oct 22, 2024 | Tax News
The owner of a cleaning company is liable for the business’s unpaid taxes despite his claims that he wasn’t involved in the company’s day-to-day operations, an Ohio appeals court ruled Tuesday, affirming a decision by the state’s tax appeals... by usoftax_admin | Oct 22, 2024 | Tax News
The Internal Revenue Service and U.S. Treasury Department should preemptively issue guidance covering the tax implications of the proposed rescheduling of marijuana in order to make sure affected businesses are prepared for the changes, the American Institute of... by usoftax_admin | Oct 22, 2024 | Tax News
A Washington state resident failed to provide any evidence counter to the Internal Revenue Service’s determination that he owed over $43,000 in unpaid taxes and penalties, the U.S. Tax Court said Tuesday, upholding the agency’s findings. by usoftax_admin | Oct 22, 2024 | Tax News
The U.S. Tax Court said Tuesday that it lacks the authority to rule on a couple’s claim that the Internal Revenue Service wrongly denied them a chance to challenge penalties for failing to report their foreign bank accounts. by usoftax_admin | Oct 22, 2024 | Tax News
A Rhode Island-based tobacco retailer tried to pass off incorrect invoices in an effort to evade the state’s tobacco tax, an administrative hearing officer for the state Division of Taxation said. by usoftax_admin | Oct 22, 2024 | Tax News
Illinois postponed various income tax filing and payment deadlines for people and businesses in parts of the state affected by storms and tornadoes in July, according to a news release published by the state Department of Revenue.