by usoftax_admin | Jun 20, 2024 | Tax News
The Internal Revenue Service published guidance Thursday on exceptions to the 10% additional tax for those making permissible early retirement account withdrawals for emergency personal expenses and for victims of domestic abuse. by usoftax_admin | Jun 20, 2024 | Tax News
The Internal Revenue Service correctly determined that a Delaware man’s early withdrawal of $137,000 from his retirement accounts in order to buy his brother’s share of their dead mother’s property did not qualify for the first-time homebuyer’s... by usoftax_admin | Jun 20, 2024 | Tax News
Louisiana taxpayers with less than $50,000 in taxes due would be able to pay over five years in an informal installment plan, the Louisiana Department of Revenue said in a proposed rule that would increase the current threshold. by usoftax_admin | Jun 20, 2024 | Tax News
New York’s highest court agreed Thursday to hear a research company’s appeal of a lower court’s finding that its services that measure the effectiveness of advertising campaigns constitute taxable information services. by usoftax_admin | Jun 20, 2024 | Tax News
An Indiana rental property’s assessment will be reduced to its value from a previous tax year because the local assessor’s market-based rent analysis failed to support an increased valuation, the state tax review board determined. by usoftax_admin | Jun 20, 2024 | Tax News
Two companies that supply 40% of the U.S.’ tomato paste and diced tomatoes should not be allowed to deduct costs of restoring their production facilities before the actual restoration occurs, the IRS told the Ninth Circuit on Thursday in urging it to uphold a...