by usoftax_admin | Jun 28, 2024 | Tax News
Massachusetts would authorize about $5 billion in bonding authority to promote housing under legislation passed by the state Senate that leaves out a local-option real estate transfer fee sought by Democratic Gov. Maura Healey. by usoftax_admin | Jun 28, 2024 | Tax News
The U.S. Tax Court will continue to rely on the IRS and Treasury’s expertise in the tax code following the U.S. Supreme Court’s landmark decision to overturn the 40-year-old Chevron doctrine that directed courts to defer to federal agencies’... by usoftax_admin | Jun 28, 2024 | Tax News
Support payments to a taxpayer from a former spouse made before they officially divorce constitute alimony and should be included in the taxpayer’s gross income, the Internal Revenue Service said in a private letter ruling released Friday. by usoftax_admin | Jun 28, 2024 | Tax News
Florida Gov. Ron DeSantis vetoed a bill that would have required short-term rental advertising platforms to collect and remit transient rental tax on bookings made through the platform. by usoftax_admin | Jun 28, 2024 | Tax News
Vermont’s general fund revenue from July through May exceeded last year by roughly $41 million, according to a report by the state Agency of Administration. by usoftax_admin | Jun 28, 2024 | Tax News
Michigan’s general fund revenues from October through May were down $530 million compared with the same period last fiscal year, the State Budget Office reported Friday.