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Kaiser Wins $6.7M Real Estate Tax Refund Linked To Nonprofit

by usoftax_admin | Apr 24, 2024 | Tax News

A split Washington appeals panel said that the Kaiser Foundation Health Plan of Washington was entitled to a $6.7 million real estate excise tax refund levied after its acquisition of the nonprofit Group Health Cooperative, reversing a trial court.

Texas Proposes Small Biz Definition To Online Sourcing Regs

by usoftax_admin | Apr 24, 2024 | Tax News

Texas would again revise its administrative rules on sourcing sales and use taxes from online sellers to include definitions for small businesses and microbusinesses as part of a new rule proposed by the state comptroller’s office.

Philly Tells Justices To Skip Review Of Tax Credit System

by usoftax_admin | Apr 24, 2024 | Tax News

A Philadelphia resident’s claims that the city illegally refused to provide her a tax credit for her state income taxes paid to Delaware doesn’t warrant U.S. Supreme Court review because case law on the related constitutional issues is thin, the city...

Groups Back Intuit’s 5th Circ. Challenge To FTC Over Ads

by usoftax_admin | Apr 24, 2024 | Tax News

Business and conservative groups defended tax software giant Intuit Inc. in its Fifth Circuit constitutional challenge to the Federal Trade Commission’s findings that the company engaged in deceptive advertising, saying the agency acts as both prosecutor and...

GOP Reps. Form Work Groups To Address Expiring Tax Law

by usoftax_admin | Apr 24, 2024 | Tax News

Republican members of the House Ways and Means Committee announced plans Wednesday to form 10 teams to study key provisions of the 2017 tax overhaul, aiming to set priorities for legislative action next year as the law is set to expire.

R&D Cutbacks Spur Small-Biz Push To Renew Tax Breaks

by usoftax_admin | Apr 24, 2024 | Tax News

Small businesses are pushing the U.S. Senate to quickly approve a House-passed bill that would renew a tax break for research and development, saying its expiration along with the demise of other key provisions has caused reduced investment in research and increased...
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