by usoftax_admin | May 31, 2024 | Tax News
The IRS said it agrees with the six recommendations from the Government Accountability Office to eliminate the bias. by usoftax_admin | May 31, 2024 | Tax News
Multinational conglomerate 3M reiterated Friday its bid for the Eight Circuit to reverse a U.S. Tax Court decision allowing the IRS to allocate nearly $24 million from the company’s Brazilian affiliate, arguing the agency’s adjustment relied on... by usoftax_admin | May 31, 2024 | Tax News
Recent IRS guidance limiting the types of spinoff transactions that revenue officials will approve as tax-free ahead of time leaves practitioners and corporations to determine whether to pursue certain intercompany reorganizations without the agency’s... by usoftax_admin | May 31, 2024 | Tax News
Florida will allow fiduciaries to reimburse owners of certain trusts for income taxes paid under a bill signed by Republican Gov. Ron DeSantis. by usoftax_admin | May 31, 2024 | Tax News
Colorado is creating a pilot program to provide a tax credit for developers of housing aimed at middle-income residents under a bill signed into law by Gov. Jared Polis. by usoftax_admin | May 31, 2024 | Tax News
A water services company told the New Jersey Tax Court it was wrongly denied a sales and use tax refund of nearly $1.3 million, saying its claims were timely filed and the transactions at issue were not taxable.