by usoftax_admin | May 10, 2024 | Tax News
The Fourth Circuit appeared poised Friday to rule that a couple owes taxes and penalties after claiming an inflated $5.1 million valuation on donated land for deductions, with one judge positing he believed the couple had engaged in “abuse” of a... by usoftax_admin | May 10, 2024 | Tax News
A disbarred accountant and his wife must sell $2.27 million worth of their assets to satisfy her unpaid federal tax liabilities, a Texas federal judge ruled, handing an early win to the government. by usoftax_admin | May 10, 2024 | Tax News
Transfer pricing, country-by-country reporting, wealth taxation, the digital economy and the participation of developing countries in negotiations are topics governments at the United Nations said they want to address during the first session on drafting terms of... by usoftax_admin | May 10, 2024 | Tax News
A California-based business argued that Illinois’ remote seller system presents unconstitutional burdens, telling the state tax tribunal that Illinois’ varying sourcing rules and the quick pace by which it adopted economic nexus violate the U.S.... by usoftax_admin | May 10, 2024 | Tax News
Nevada would clarify sales tax collection requirements imposed on remote sellers, marketplace sellers and marketplace facilitators under regulatory changes proposed by the state Tax Commission. by usoftax_admin | May 10, 2024 | Tax News
California would not increase taxes or impose new taxes under a revised budget plan presented Friday by Democratic Gov. Gavin Newsom.