by usoftax_admin | Mar 12, 2024 | Tax News
A Wisconsin engineering firm must prove it is eligible for $240,000 in research tax credits by accommodating a broadened discovery initiated by the Internal Revenue Service, not just a sampling of the firm’s data, the U.S. Tax Court ruled Tuesday. by usoftax_admin | Mar 12, 2024 | Tax News
The Maryland Board of Revenue Estimates lowered reduced its revenue collection forecast for fiscal year 2024 by $120 million after lower-than-expected tax collections, according to a quarterly report. by usoftax_admin | Mar 12, 2024 | Tax News
Tennessee corporations could see a $400 million annual franchise tax cut along with nearly $1.6 billion in potential refunds for past payments under legislation approved by a state Senate panel Tuesday. by usoftax_admin | Mar 12, 2024 | Tax News
A retailer who makes sales into Colorado but whose business activities do not meet the statutory definition of doing business in the state may voluntarily collect sales taxes, the Colorado Department of Revenue said. by usoftax_admin | Mar 12, 2024 | Tax News
The Senate Finance Committee’s top Republican tax writer said Tuesday that he wants to quickly resolve sticking points in pending bipartisan tax legislation that contains key incentives for families and businesses in order to advance a bill that would boost U.S.... by usoftax_admin | Mar 12, 2024 | Tax News
Tennessee voters could decide whether to constitutionally bar state property taxes under a resolution approved Tuesday by a Senate panel to advance the measure to next year’s General Assembly.