by usoftax_admin | Jul 25, 2024 | Tax News
Louisiana’s legislative leadership said Thursday that it won’t move forward with a special session to overhaul the state’s tax system in the near future, rebuffing a push from the governor to place sweeping changes to the state’s tax structure... by usoftax_admin | Jul 25, 2024 | Tax News
New Jersey will provide up to $500 million in tax credits to artificial intelligence businesses that make a capital investment of at least $100 million and create at least 100 full-time jobs under a bill Democratic Gov. Phil Murphy signed Thursday. by usoftax_admin | Jul 25, 2024 | Tax News
Commissioner Danny Werfel said the IRS is “reversing situations that have long hampered the IRS and frustrated taxpayers.” Treasury and the IRS announced continued improvements in digital systems, attributing those to funding from the Inflation Reduction... by usoftax_admin | Jul 25, 2024 | Tax News
A teacher who told the U.S. Tax Court that she had self-published six books and was passionate about conducting missing persons research was denied business deductions for the activities Thursday after the court determined she wasn’t primarily trying to turn a... by usoftax_admin | Jul 25, 2024 | Tax News
An Ohio warehouse property had its land value incorrectly increased to $1.2 million, from $715,000, a state appeals court ruled Thursday after finding no evidence was presented that warranted a change in its value. by usoftax_admin | Jul 25, 2024 | Tax News
The Pennsylvania Department of Revenue should review stakeholders’ critiques of a proposed regulation that outlines what constitutes apportionable business income and meet with aggrieved stakeholders to ensure the regulation is consistent with state tax law, an...