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NJ Panel Says Tax Amendment Challenge Had No Real Claim

by usoftax_admin | Jul 10, 2024 | Tax News

A New Jersey state appeals court on Wednesday tossed a challenge to an amendment blocking certain appeals from being litigated in the state’s tax court, reasoning that parties can still fight tax matters in trial court.

Pa. House OKs EV Fee, End Of Tax On Residential Charging

by usoftax_admin | Jul 10, 2024 | Tax News

Pennsylvania would impose an annual fee on electric vehicles and plug-in hybrid electric vehicles and eliminate an alternative fuels tax on electricity for charging done at private residences under a bill the state House of Representatives passed Wednesday.

Tax Court Nominees Vow To Sort Out Post-Chevron Cases

by usoftax_admin | Jul 10, 2024 | Tax News

Three nominees for spots on the U.S. Tax Court assured Senate lawmakers Wednesday that they could resolve cases involving federal regulations and congressional intent after the U.S. Supreme Court overturned the Chevron deference doctrine.

OECD Publishes Pillar 2 Technical Reporting Language Draft

by usoftax_admin | Jul 10, 2024 | Tax News

The Organization for Economic Cooperation and Development published a draft of technical details required to digitally input and disseminate information required for Pillar Two global minimum tax returns Wednesday.

MGM’s Suit Against Mich. Tax For Ill. Riverboat Sale Tossed

by usoftax_admin | Jul 10, 2024 | Tax News

A Michigan subsidiary of MGM failed a requirement to request an alternative apportionment method before going to court in its challenge of a corporate income tax assessed on gains from its sale of an interest in a riverboat casino, the state Court of Claims...

Americans Overseas Ask for Clarity In Foreign Trust Regs

by usoftax_admin | Jul 10, 2024 | Tax News

An advocacy group representing U.S. citizens living abroad urged the U.S. Treasury Department to clarify proposed rules for reporting transactions with foreign trusts, contending that guidance should explain which common pension arrangements are exempt from disclosure...
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