by usoftax_admin | May 15, 2025 | Tax News
A proposed Colorado ballot measure to reduce the state income tax rate by one-hundredth of a percentage point was assigned an unlawfully confusing title by a state board, the conservative activists behind the initiative charged in a petition to the state Supreme... by usoftax_admin | May 15, 2025 | Tax News
Pennsylvania would update an economic development tax credit program to offer incentives to electric-generating and hydrogen facilities, among other energy projects, under a bill passed by the state’s House. by usoftax_admin | May 15, 2025 | Tax News
Republican leaders in the House plan to hold a vote next week on the chamber’s budget bill that includes the GOP’s $3.8 trillion tax package, with the aim of sending the legislation to the Senate before Memorial Day, Ways and Means Committee Chairman Jason... by usoftax_admin | May 15, 2025 | Tax News
A Texan urged a federal court to dismiss the U.S. government’s suit seeking to collect $1 million in penalties for unreported offshore bank accounts, arguing that the IRS’ penalty assessment violated her constitutional right to a jury trial. by usoftax_admin | May 15, 2025 | Tax News
A woman who failed to file a tax return for her brother’s nearly $14 million estate can move forward with a suit challenging the ensuing IRS penalties, a Rhode Island federal judge ruled, saying a jury might excuse the mistake by finding she relied on flawed... by usoftax_admin | May 15, 2025 | Tax News
João Riscado Rapoula and André Vilaça Ferreira of VdA outline the NHR 2.0 Portuguese tax incentive and explain why it could enhance the country’s appeal to expatriates and foreign businesses