by usoftax_admin | May 9, 2024 | Tax News
A split among state courts over whether state and local taxes must be aggregated when evaluating their constitutionality is more significant than Philadelphia has suggested, a city resident told the U.S. Supreme Court on Thursday in seeking review of the city’s... by usoftax_admin | May 9, 2024 | Tax News
The U.S. Tax Court found Thursday that an Internal Revenue Service agent didn’t abuse her discretion when sustaining a federal lien against a Texas anesthesiologist who repeatedly failed to address issues flagged by the agent. by usoftax_admin | May 9, 2024 | Tax News
Oklahoma will end a moratorium barring counties and municipalities from increasing local sales taxes on food under a bill signed by the governor. by usoftax_admin | May 9, 2024 | Tax News
Iowa streamlined its procedure for the delivery of abandoned property by allowing the state treasurer to deliver such property directly to a person determined to be its owner under a bill signed by the governor. by usoftax_admin | May 9, 2024 | Tax News
A New York couple was correctly denied a real estate deduction on their personal income tax returns because the husband didn’t qualify as a real estate professional, the state Tax Appeals Tribunal affirmed in a decision released Thursday. by usoftax_admin | May 9, 2024 | Tax News
House Ways and Means Committee Chairman Jason Smith introduced legislation co-sponsored by all the panel’s Republican members to boost penalties for unauthorized releases of taxpayer data, according to a statement Thursday.