by usoftax_admin | Mar 21, 2024 | Tax News
A company’s sales of digital textbooks are exempt from sales and use tax because there is no distinction with the content of its physical textbooks, the South Carolina Department of Revenue said in a letter ruling. by usoftax_admin | Mar 21, 2024 | Tax News
Tennessee would return about $1.6 billion in past corporate franchise taxes and cut the tax going forward under legislation approved Thursday by the state Senate as Democrats expressed concern over the funding of the package. by usoftax_admin | Mar 21, 2024 | Tax News
A woman who admitted to wire fraud in connection with a three-person scheme to file hundreds of false tax returns owes $1.3 million in restitution to the government, the Seventh Circuit ruled Thursday, rejecting the woman’s claim that the amount was... by usoftax_admin | Mar 21, 2024 | Tax News
The IRS proposed rules Thursday that would allow some exceptions to a requirement that the agency notify taxpayers within 45 days before issuing summonses to third parties in tax assessment and collection cases, including for certain time-sensitive examinations. by usoftax_admin | Mar 21, 2024 | Tax News
A nonprofit organization’s property that is leased to a for-profit dialysis center isn’t eligible for a property tax exemption, New York’s highest court ruled Thursday, finding the center’s medical services were too far removed from the... by usoftax_admin | Mar 21, 2024 | Tax News
Corporations doing business in Minnesota would be harmed by disclosure of state tax information under proposed legislation, business groups told a state Senate panel.