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NY Judge In Trump Case OKs Narrow Subpoena For Atty

by usoftax_admin | Jul 9, 2024 | Tax News

An attorney who told reporters he held an impromptu hallway conversation with a New York state judge in the lead-up to February’s $464.6 million civil fraud judgment against Donald Trump must turn over any communications he had with the court regarding the...

IRS Funding At Stake In 2025 Tax Cut Negotiations

by usoftax_admin | Jul 9, 2024 | Tax News

Lawmakers are girding for battle over the soon-to-expire individual tax cuts in the 2017 tax law, and IRS funding will be central to the debate at a time when the agency may be in need of additional resources due to changes in law.

House Panel OKs Tax Breaks For More Education Expenses

by usoftax_admin | Jul 9, 2024 | Tax News

The House Ways and Means Committee sent several education-related tax bills to the full House of Representatives on Tuesday, including legislation that would make additional elementary and secondary school expenses eligible for tax-advantaged education savings...

Calif. Health Players Back Managed Care Tax Amid Uncertainty

by usoftax_admin | Jul 9, 2024 | Tax News

A ballot measure backed by some of the biggest healthcare players in California is designed to protect billions of dollars in revenue for the state’s Medicaid program, though its ultimate impact may hinge on persuading more doctors to serve low-income...

Mont. Floats Regs To Implement Income Tax Changes

by usoftax_admin | Jul 9, 2024 | Tax News

Montana would implement legislation enacted in 2021 that made substantive changes to the state’s individual income tax under regulatory updates proposed by the state Department of Revenue.

Mo. Exempts Streaming, Satellite Cos. From Local Fees

by usoftax_admin | Jul 9, 2024 | Tax News

Missouri will exempt streaming and satellite TV companies from local franchise fees as part of two bills signed into law by the governor Tuesday, despite cities in the state banding together to seek such fees from Netflix, Hulu, DirecTV and others in class...
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