by usoftax_admin | Mar 11, 2024 | Tax News
Businesses that have both activity in California and foreign source income should consider whether they should file for a refund in the wake of a recent decision by the state’s Office of Tax Appeals in favor of Microsoft, a practitioner said Monday. by usoftax_admin | Mar 11, 2024 | Tax News
States would not be required to provide liability relief to sellers of digital goods that collect the wrong amount of sales tax unless those sellers request a buyer’s complete street address under a proposal discussed Monday by a Streamlined Sales Tax Governing... by usoftax_admin | Mar 11, 2024 | Tax News
The White House unveiled its $7.3 trillion budget plan for fiscal 2025 on Monday, proposing higher taxes on wealthy corporations and individuals, expanding tax relief for Americans making under $400,000 per year and cutting the federal deficit by $3 trillion over the... by usoftax_admin | Mar 11, 2024 | Tax News
The U.S. Department of the Treasury is moving quickly to appeal an Alabama federal judge’s ruling that the Corporate Transparency Act is unconstitutional, filing a notice of appeal to the Eleventh Circuit on Monday. by usoftax_admin | Mar 11, 2024 | Tax News
The U.S. Tax Court ruled Monday that it lacked authority to hear a man’s case for innocent spouse relief because he failed to file a petition within the 90-day deadline, holding that Congress clearly stated the deadline is jurisdictional. by usoftax_admin | Mar 11, 2024 | Tax News
A D.C. Circuit panel on Monday pushed counsel for an Iowa church that uses the psychedelic substance ayahuasca in its ceremonies to explain why the Internal Revenue Service erred in denying it tax-exempt status.