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Mo. Pitches Rule Clarifying Treatment Of Tax-Exempt Interest

by usoftax_admin | Mar 7, 2024 | Tax News

Expenses incurred on tax-exempt interest in Missouri should reduce the interest if the expenses are deducted on the taxpayer’s state returns, the Missouri Department of Revenue clarified in a proposed rule released Thursday.

Jailed Reality Star Slammed For Raising ‘Irrelevant’ Evidence

by usoftax_admin | Mar 7, 2024 | Tax News

Less than a month ahead of trial, a Georgia Department of Revenue employee suing imprisoned former reality television star Michael “Todd” Chrisley has asked a Georgia federal judge to stop Chrisley from bringing in evidence she says is...

Jurors In NY Trump Trial Will Be Anonymous Except To Parties

by usoftax_admin | Mar 7, 2024 | Tax News

A New York state judge ruled Thursday that jurors in Donald Trump’s criminal hush-money case will remain anonymous to the public, but said the former president, the Manhattan district attorney and their counsel and consultants would know the jurors’ names...

Minn. Senate Bill Seeks Study Of Corp. Tax Base Erosion

by usoftax_admin | Mar 7, 2024 | Tax News

Minnesota’s revenue commissioner would report to lawmakers on options for addressing erosion of the state’s corporate tax base, including the prospect of worldwide combined reporting, under legislation introduced Thursday in the state Senate.

Nonprofits Can E-File 2023 Extensions Later This Month

by usoftax_admin | Mar 7, 2024 | Tax News

Tax-exempt organizations will be able to electronically file applications for extensions on returns including Form 990 starting March 17, when an Internal Revenue Service delay that impeded the filings ends, an agency official said Thursday.

Iowa Bill Seeks To Repeal Tax On Grain Handling

by usoftax_admin | Mar 7, 2024 | Tax News

Iowa would repeal its excise tax on grain handling under a bill introduced in the state House of Representatives.
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