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Italy issues pillar two decree implementing global minimum tax

by usoftax_admin | Jul 9, 2024 | Tax News

It comes after a decree which introduced a qualified domestic minimum top-up tax last year

IRS Details Steps To Take For Scam-Credit Letter Recipients

by usoftax_admin | Jul 8, 2024 | Tax News

The Internal Revenue Service published a fact sheet Monday to help taxpayers respond to letters from the agency identifying tax returns as requiring authentication after the agency said that inaccurate advice from social media and a series of scams led to an increase...

Continued Worker Credit Freeze Could Push Cos. To Court

by usoftax_admin | Jul 8, 2024 | Tax News

More employers tired of waiting for the Internal Revenue Service to process their employee retention credit refund claims could decide to go to court to force the government to review their submissions following the IRS announcing that a moratorium on processing new...

Ways And Means To Vote On Section 529 Tax Bills

by usoftax_admin | Jul 8, 2024 | Tax News

The House Ways and Means Committee is scheduled to vote Tuesday on several education-related tax bills, including legislation that would make additional elementary and secondary school expenses eligible for tax-advantaged education savings accounts.

Miss. Finalizes Rule Taxing Electric Charging Station Receipts

by usoftax_admin | Jul 8, 2024 | Tax News

All receipts from electric charging stations are subject to Mississippi sales tax, the state’s secretary of state said in a notice alerting the public of a finalized rule. 

NC Tax On Premiums Lowered For Some Insurance Cos.

by usoftax_admin | Jul 8, 2024 | Tax News

North Carolina will reduce its tax on premiums paid in the state to some out-of-state liability insurance groups under a bill signed by Gov. Roy Cooper. 
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