by usoftax_admin | Jul 10, 2024 | Tax News
New Jersey made it easier for businesses with remote employees to qualify for some of the state’s tax breaks and grant programs by loosening the state’s employee location requirement under a bill signed by Gov. Phil Murphy on Wednesday. by usoftax_admin | Jul 10, 2024 | Tax News
A&E Television Networks may claim a New York City corporate tax deduction for certain debt expenses, a city administrative law judge said in a determination released Wednesday, saying deductions allowed federally are also allowed against the city tax. by usoftax_admin | Jul 10, 2024 | Tax News
New Jersey expanded its film tax credit program’s definition of digital media content to include other forms of digital content under a bill signed Wednesday by Democratic Gov. Phil Murphy. by usoftax_admin | Jul 10, 2024 | Tax News
An Ohio city and school board proved that a property housing a newly constructed Wendy’s restaurant was undervalued based on comparable properties in the area and that its value should be increased to $2.1 million, the state’s Board of Tax Appeals... by usoftax_admin | Jul 10, 2024 | Tax News
Two related business departments that are both clean fuel producers and that have their own employer identification numbers must each apply on their own for the clean fuel production credit, the Internal Revenue Service said in an FAQ released Wednesday. by usoftax_admin | Jul 10, 2024 | Tax News
An anti-abuse rule the IRS is using to push for taxes on gains from Tribune Media Co.’s sale of the Chicago Cubs is not threatened by the U.S. Supreme Court ruling overturning the Chevron deference doctrine, an attorney for the IRS told the Seventh Circuit on...