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Calif. Rep’s Bill Would Shield Farmers From Retaliatory Tariffs

by usoftax_admin | Apr 10, 2025 | Tax News

A California congressman on Thursday introduced a bill in the U.S. House aiming to curb the authority of President Donald Trump to impose new or additional duties on agricultural products from countries that are major agricultural trade partners with the United...

Exec Facing Tax Evasion Charges To Remain In Custody

by usoftax_admin | Apr 10, 2025 | Tax News

An aerospace company founder facing tax evasion and other fraud charges will remain in pretrial detention because he’s considered a major flight risk, a D.C. federal court ruled.

Reps Intro Bill To Cap Conservation Easement Protections

by usoftax_admin | Apr 10, 2025 | Tax News

Two Republican congresswomen have introduced a bill that would put a 30-year cap on conservation easements entered into by the U.S. Department of the Interior, saying the agreements shouldn’t be allowed to hamstring future generations of landowners.

Tax Court OKs Nix Of Deduction For Funds Seized After Bribe

by usoftax_admin | Apr 10, 2025 | Tax News

An Ohio man can’t claim a loss for the $856,000 seized from his corporation after he pled guilty to his role in a bribery scheme, the U.S. Tax Court said Thursday, affirming the Internal Revenue Service’s disallowance because the loss was due to a criminal...

Kan. Legislature Overrides Veto Of Tax Cuts Linked To Goals

by usoftax_admin | Apr 10, 2025 | Tax News

The Kansas Legislature on Thursday overrode the governor’s veto of a bill that decreases the state’s income and privilege tax rates if certain general revenue fund goals are met.

Senate Bill Would End Declared Emergency Behind Tariffs

by usoftax_admin | Apr 10, 2025 | Tax News

A bill introduced Thursday in the Senate would end the national emergency declared by President Donald Trump to underpin the global tariff regime he unveiled last week, with Sens. Rand Paul, R-Ky., Ron Wyden, D-Ore., and Chuck Schumer, D-N.Y., among the...
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