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Miss. House Passes Exemption For Forgiven Student Loans

by usoftax_admin | Mar 28, 2024 | Tax News

Mississippi would exclude canceled or forgiven student loan debt from gross income as part of a bill unanimously passed in the state House of Representatives.

Missouri House Approves $900M Corporate Tax Phase Out

by usoftax_admin | Mar 28, 2024 | Tax News

A Republican proposal to phase out Missouri’s 4% corporate income tax over the next five years was passed by the state House of Representatives despite concerns from some lawmakers that it would mean a loss of around $900 million in revenue.

Canadian In Wash. Owes Over $1M FBAR Penalty, US Says

by usoftax_admin | Mar 28, 2024 | Tax News

A Canadian man living in Washington state owes more than $1 million in penalties for failing to report bank accounts he held in Montreal, the U.S. Department of Justice said in a complaint filed in an attempt to collect the money.

Mo. House OKs Banning St. Louis Tax On Remote Workers

by usoftax_admin | Mar 28, 2024 | Tax News

St. Louis would be blocked from imposing its earnings tax on remote workers under legislation the state House of Representatives passed again after similar bills stalled in the state Senate in previous years.

Mo. House OKs Extending Tax Credit For Sporting Events

by usoftax_admin | Mar 28, 2024 | Tax News

Missouri would extend its sporting events tax credit and increase it slightly under a bill passed in the state House of Representatives. 

NJ Tax Court Says Barring Assessor’s Testifying Is Premature

by usoftax_admin | Mar 28, 2024 | Tax News

A New Jersey property owner cannot ask that the state tax court bar an assessor from testifying in court because the request is premature, the tax court ruled. 
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