by usoftax_admin | Feb 28, 2024 | Tax News
Oklahoma will eliminate the state’s 4.5% tax on groceries as part of a bill signed into law by the governor Wednesday. by usoftax_admin | Feb 28, 2024 | Tax News
While the recently proposed regulations for the new clean hydrogen production tax credit have been lauded by some in the environmental community, it is unclear whether they are sufficiently grounded in law, result from valid rulemaking processes, or accord with other... by usoftax_admin | Feb 28, 2024 | Tax News
A former corporate executive who received a $26 million buyout and then rolled the proceeds over to a retirement account incorrectly claimed that an amended statute of limitations exempted him from paying a penalty, the U.S. Tax Court ruled Wednesday. by usoftax_admin | Feb 28, 2024 | Tax News
San Diego taxpayers will have until June 17 to file and pay state taxes following storms and flooding in the area, which matches a federal tax extension, the state Franchise Tax Board announced. by usoftax_admin | Feb 28, 2024 | Tax News
The New York state tax department’s focus will shift to sourcing for flow-through entities now that regulations implementing the state’s 2015 corporate tax overhaul have been adopted, the department’s acting commissioner said during a panel... by usoftax_admin | Feb 28, 2024 | Tax News
Two House Republican tax writers pressed the Internal Revenue Service for details on how it would prevent agency employees from inappropriately backdating official tax documents after the agency admitted last year to doing so in a high-profiled suit involving...