by usoftax_admin | Jun 17, 2024 | Tax News
An attorney facing trial alongside his former clients for allegedly filing $2.1 billion in fraudulent tax refund claims in Denmark urged a New York federal court to hear his case separately, saying disparate legal arguments could confuse a jury if only one trial is... by usoftax_admin | Jun 17, 2024 | Tax News
Kansas would reduce its income tax brackets to two and exempt Social Security income from tax under a compromise proposal reached between state House and Senate Republican leaders and Gov. Laura Kelly, announced during a joint committee meeting Monday. by usoftax_admin | Jun 17, 2024 | Tax News
Pennsylvania would create a program to allow emerging biotechnology and technology businesses to sell their net operating losses and unused research and development tax credits to other companies under a bill advanced by the state House of Representatives’... by usoftax_admin | Jun 17, 2024 | Tax News
Pennsylvania’s general revenue collection from July through May was $610 million ahead of last fiscal year’s total for the same period, according to the state Department of Revenue. by usoftax_admin | Jun 17, 2024 | Tax News
An Arizona federal court should reject a tax advisory firm’s request to lift the IRS’ moratorium on processing claims for the pandemic-era employee retention credit, the agency argued, saying the agency should be allowed to continue to run the program as... by usoftax_admin | Jun 17, 2024 | Tax News
There were no genuine disputes of facts with the Internal Revenue Service’s determination that a Maryland man had failed to file a return reporting nearly $255,000 in gross income, leading to a tax deficiency of more than $61,000, the U.S. Tax Court ruled...