by usoftax_admin | Apr 16, 2024 | Tax News
The North Carolina Supreme Court appeared ready to rule in favor of a contractor seeking a tax exemption reserved for manufacturers, with the justices concerned that hinging qualification on a sales percentage flouts the language of the applicable law. by usoftax_admin | Apr 16, 2024 | Tax News
Canada’s proposed digital services tax is estimated to bring in CA$5.9 billion ($4.3 billion) over five years, according to the country’s 2024 budget, which was released Tuesday and cited continued international delays in implementing a worldwide profit... by usoftax_admin | Apr 16, 2024 | Tax News
California would establish a Maryland-style digital advertising tax under an amendment to a bill in the state’s Assembly that was referred to two committees for consideration. by usoftax_admin | Apr 16, 2024 | Tax News
U.S. Air Force veteran and his wife failed to convince the U.S. Tax Court on Tuesday that their signatures were forged on an agreement to pay federal income taxes while working in Australia for defense contractor Raytheon. by usoftax_admin | Apr 16, 2024 | Tax News
Senate Republicans continued to criticize the Internal Revenue Service’s free tax filing pilot program during a Finance Committee hearing Tuesday, saying the program has not followed best practices and will be costly to implement long term. by usoftax_admin | Apr 16, 2024 | Tax News
The Internal Revenue Service published data Tuesday on the average purchase price for U.S. residences in different areas, which is used to determine whether bond interest can be excluded from gross income.