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RI General Revenue Collection Beats Budget Estimates

by usoftax_admin | Feb 22, 2024 | Tax News

Rhode Island’s total general revenues from July through January are $4 million higher than budget estimates, according to a report by the state’s Department of Revenue.

Ohio General Revenues Down $296M From Budget Estimates

by usoftax_admin | Feb 22, 2024 | Tax News

Ohio’s revenue collection from July through January is down $296 million compared with estimates, according to a report by the state Office of Budget and Management.

Utah General Revenue Collection Through Jan. Up $22M

by usoftax_admin | Feb 22, 2024 | Tax News

Utah’s general revenue collection from July through January is $22 million higher compared with the same period last fiscal year, according to a report by the state Tax Commission.

Md. House OKs Fee On Unpersuasive Property Tax Appeals

by usoftax_admin | Feb 22, 2024 | Tax News

Maryland’s taxpayers would face a $100 fee if they are unable to persuade the state’s Tax Court to revise high-dollar valuations of income-producing property, under a bill passed Thursday by the state’s House of Delegates.

IRS Failed To Investigate Tax Exemption Abuses, Justices Told

by usoftax_admin | Feb 22, 2024 | Tax News

A group claiming the IRS has ignored abuses of tax-exempt status by certain issuers of mortgage-backed investments asked the U.S. Supreme Court to review a ruling affirming the agency’s discretion, saying billions of dollars in taxable income are at stake.

Italy clarifies natural persons’ tax residency qualification under tax treaties

by usoftax_admin | Feb 22, 2024 | Tax News

The Italian Supreme Court has ruled that a natural person does not need to be actually subject to individual income tax to receive tax treaty protection, report Paolo Ludovici and Ludovica Lorenzetto of Gatti Pavesi Bianchi Ludovici
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