by usoftax_admin | Apr 25, 2024 | Tax News
Expedia and some Republican lawmakers urged a Minnesota Senate panel Thursday to reject legislation that would apply local lodging taxes to the fees charged by booking companies beyond room costs, arguing the taxes would be unfair and complicate compliance. by usoftax_admin | Apr 25, 2024 | Tax News
The U.S. Tax Court reduced a $47.6 million conservation easement donation deduction Thursday for a partnership founded by former Atlanta Braves players John Smoltz and Ryan Klesko, finding the Internal Revenue Service properly pegged the deduction at one-tenth the... by usoftax_admin | Apr 25, 2024 | Tax News
A Romanian law imposing sanctions of €77,000 ($83,000) — 21 times the usual rate of taxation — on fuel placed back into storage is so extreme it violates European Union law, the EU’s top court said Thursday. by usoftax_admin | Apr 25, 2024 | Tax News
Nebraska will eliminate a recently enacted individual and corporate income tax credit for monetary contributions to scholarship-granting organizations and instead set aside state money to directly fund scholarships under a bill signed by the governor. by usoftax_admin | Apr 25, 2024 | Tax News
A New York woman who withdrew over $10,000 from her retirement fund while in her early 50s is not entitled to relief from the 10% early withdrawal penalty because an emergency expense exemption did not apply, the U.S. Tax Court found Thursday. by usoftax_admin | Apr 25, 2024 | Tax News
The Netherlands’ tax authority is introducing more data protection measures based on suggestions from a KPMG report commissioned after signs of possible security threats within the tax administration, it said Thursday.