by usoftax_admin | Apr 9, 2024 | Tax News
The U.S. Treasury Department proposed a pair of long-awaited rules Tuesday that detail the calculation and reporting of a new excise tax assessed to publicly traded corporations that recently bought back their own shares of stock on the open market. by usoftax_admin | Apr 9, 2024 | Tax News
A Colorado federal judge has shot down a pharmacy automation company’s suit alleging that its former chief commercial officer cost it nearly CA$1.2 million ($907,000) in Canadian taxes by not telling his employer he had moved out of the country, saying the... by usoftax_admin | Apr 9, 2024 | Tax News
Lost revenue resulting from a bill to end Ohio’s income and business receipts taxes could come from new or increased taxes on energy production, a sponsor of the legislation told a state House of Representatives panel Tuesday. by usoftax_admin | Apr 9, 2024 | Tax News
The Tenth Circuit rejected a Kansas church’s request to quash an Internal Revenue Service’s third-party summons into the organization’s bank records because the church does not hold the financial information and therefore is not subject to church tax... by usoftax_admin | Apr 9, 2024 | Tax News
Several Ohio Supreme Court justices sounded skeptical Tuesday of the state tax commissioner’s valuation of a deduction for clearing woodlands that factors into assessments of agricultural properties, saying the figure appeared to be arbitrarily low. by usoftax_admin | Apr 9, 2024 | Tax News
A tax professor who lives in Connecticut but teaches in New York worked at home under mandate during the COVID-19 pandemic and none of his income during that time can be subject to New York’s teleworker tax, he told the state Tax Appeals Tribunal on...