by usoftax_admin | Mar 11, 2024 | Tax News
A long lineup of business representatives attacked a $3 billion proposal before a Maryland House panel Monday to expand the state’s sales tax to services while cutting its rate, saying the costs would trickle down to consumers and hurt the economy. by usoftax_admin | Mar 11, 2024 | Tax News
Oregon increased its tax collection in fiscal year 2023 by roughly $1 billion compared with the previous year, according to a report from the state’s Department of Revenue. by usoftax_admin | Mar 11, 2024 | Tax News
An attorney who belongs to the Minnesota Chippewa Tribe is not exempt from federal self-employment taxes under an 1837 treaty allowing Native Americans to earn money from hunting and gathering on their traditional lands, the U.S. government told the Eighth... by usoftax_admin | Mar 11, 2024 | Tax News
The Internal Revenue Service is past due for issuing guidance clarifying the limitation on excess business losses of noncorporate taxpayers, the American Institute of Certified Public Accountants said in a letter made public Monday. by usoftax_admin | Mar 11, 2024 | Tax News
An Ohio tax preparer will receive less than half of the $18,000 in deductions she claimed on her personal income taxes after failing to substantiate a portion of them as business expenses, the U.S. Tax Court ruled Monday. by usoftax_admin | Mar 11, 2024 | Tax News
California’s total receipts for July through February were $5.4 billion below the forecast in the governor’s 2024-25 budget, according to the monthly report by the state controller.