by usoftax_admin | Sep 24, 2024 | Tax News
A Seattle cannabis company that was administratively dissolved this year is entitled to roughly $1.4 million in tax credits for continuing to pay employees when its business dropped off during the COVID-19 pandemic, the company’s receivership estate told a... by usoftax_admin | Sep 24, 2024 | Tax News
The IRS opted to use existing tax rules in proposed guidance to address risks that the U.S. corporate alternative minimum tax could count offshore income twice, an agency official said Tuesday, noting a more precise method would increase complexity. by usoftax_admin | Sep 24, 2024 | Tax News
A New York business that offers users personalized astrological birth-chart readings is not subject to tax because its services aren’t taxable information services, the state tax department said in a ruling released Tuesday. by usoftax_admin | Sep 24, 2024 | Tax News
Final rules on the new corporate alternative minimum tax are expected to adopt the proposed regulations’ three ways for companies to transition to the regime, and the U.S. Treasury Department is open to other ways as well, a department official said... by usoftax_admin | Sep 24, 2024 | Tax News
A foreign company that provides information technology services to businesses in New York must collect and remit sales tax on receipts from clients within the state, the state Department of Taxation and Finance said Tuesday. by usoftax_admin | Sep 24, 2024 | Tax News
A health insurer will seek the Eighth Circuit’s review after a federal judge refused to toss a suit from the U.S. Department of Labor claiming the company unlawfully took at least $66.8 million in Minnesota state tax liability from plans it administered to pay...