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Colo. Panel Advances Small Biz Property Tax Break

by usoftax_admin | Sep 30, 2024 | Tax News

Colorado would reduce personal property taxes of small businesses with an income tax credit under draft legislation endorsed by an interim panel.

Delaware Revenue Receipts Up By $21M Through Aug.

by usoftax_admin | Sep 30, 2024 | Tax News

Delaware’s revenue receipts from July through August increased by more than $21 million from the same period last fiscal year, according to the state Department of Finance.  

W.Va. Bill Seeks Personal Income Tax Cuts At Gov.’s Request

by usoftax_admin | Sep 30, 2024 | Tax News

West Virginia would lower its income tax rates for all brackets under a Senate bill introduced Monday in a special legislative session that was called by Gov. Jim Justice in an attempt to cut taxes.

Paychex Tells NY Court Apportionment Reg Ripe For Ruling

by usoftax_admin | Sep 30, 2024 | Tax News

Paychex told a New York state court that its challenge to a state apportionment rule is ready for adjudication, with the employment services provider saying it shouldn’t have to wait for the conclusion of an audit to bring its dispute to court.

PwC Agrees To $63M Fine For Evergrande Audit, China Says

by usoftax_admin | Sep 30, 2024 | Tax News

PwC’s chairman agreed to the firm’s six-month suspension in China and nearly $63 million in fines over its Chinese auditing arm’s work for Evergrande Group, which until a court-ordered liquidation in January was the country’s largest real...

IRS Seeks Input On Draft Partnership Basis-Shifting Form

by usoftax_admin | Sep 30, 2024 | Tax News

The Internal Revenue Service asked for comments Monday on a draft form and instructions for partners to disclose all the property they receive from partnerships, part of upcoming regulations meant to target abusive tax avoidance that uses sophisticated partnership...
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