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Chicago Board Will Appeal Transfer Tax Referendum Decision

by usoftax_admin | Feb 27, 2024 | Tax News

The Chicago Board of Election Commissioners will appeal a Cook County Circuit Court decision that barred the city from counting any votes cast in the real estate transfer tax referendum in the March 19 primary election, the board announced Tuesday.

Ky. Bill Aims To Let General Assembly Allow Local Taxation

by usoftax_admin | Feb 27, 2024 | Tax News

Kentucky would allow constituents to vote on an amendment that would allow the General Assembly to grant localities the ability to tax, under a bill introduced in the state House of Representatives.

IRS Delays Deadlines For San Diego Storm Victims

by usoftax_admin | Feb 27, 2024 | Tax News

Certain deadlines for San Diego-area taxpayers have been postponed following severe storms and flooding in the area, the Internal Revenue Service announced Tuesday.

Tax Court Couldn’t Rule On Whistleblower Claims, Circ. Told

by usoftax_admin | Feb 27, 2024 | Tax News

The U.S. Tax Court lacked authority to rule on two of a tipster’s three claims that the IRS should have given him a whistleblower award, the government told the D.C. Circuit, urging it to vacate a decision even though it upheld the agency’s denial of the...

SC Should Get 2.4% Of Partnership Interest Sale, DOR Says

by usoftax_admin | Feb 27, 2024 | Tax News

A South Carolina resident who sold his interest in a multistate partnership should apportion to the state 2.4% of his gain, which represents the percentage of the business that took place in the state, the South Carolina Department of Revenue said in a private letter...

Miss. Gov. Again Pitches Plan To Kill Individual Income Tax

by usoftax_admin | Feb 27, 2024 | Tax News

Mississippi’s governor called on lawmakers to find a way to responsibly cut taxes this legislative session during his State of the State address, after once again pitching a plan to eliminate the individual income tax.
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