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NJ Total Revenues Through Aug. Up $253M From Last Year

by usoftax_admin | Sep 18, 2024 | Tax News

New Jersey collected $253 million more revenue from July through August compared with last year, according to a monthly report by the state Department of the Treasury.

Ariz. Youth Get Sales Tax Break For Small Businesses

by usoftax_admin | Sep 18, 2024 | Tax News

Small Arizona businesses operated by people under 19 are no longer required to collect and remit sales taxes under legislation passed in June, the state tax department said.

IRS Delays Deadlines For Pa. Victims Of Tropical Storm

by usoftax_admin | Sep 18, 2024 | Tax News

Taxpayers in four Pennsylvania counties will have until Feb. 3, 2025, to file individual and business tax returns and make payments after portions of the state were hit by Tropical Storm Debby, the Internal Revenue Service said Wednesday.

Treasury Floats Tax Credit Regs For EV Charging Property

by usoftax_admin | Sep 18, 2024 | Tax News

The U.S. Treasury Department proposed regulations Wednesday to define which electric vehicle charging ports, hydrogen fueling stations and other infrastructure that businesses, people and tax-exempt entities can build in underserved communities to qualify for a tax...

Sidley Can’t Escape Malpractice Suit In Ga. Over Tax Scheme

by usoftax_admin | Sep 18, 2024 | Tax News

A Georgia federal judge has found that Sidley Austin LLP must face its former clients’ legal malpractice claims alleging they participated in a tax scheme under the firm’s guidance, but threw out indemnity claims seeking reimbursement for paying the IRS $7...

Latham Adds A&O Shearman Energy Group Co-Lead In DC

by usoftax_admin | Sep 18, 2024 | Tax News

Latham & Watkins LLP has hired the former co-head of Allen Overy Shearman Sterling’s U.S. energy, natural resources and infrastructure group to its team of transactional tax partners based in Washington, D.C., the firm announced Monday.
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