by usoftax_admin | Feb 16, 2024 | Tax News
A Missouri-based electrical contractor must remit the use tax rate in effect at the location of its warehouse when it buys supplies from out-of-state retailers that don’t collect sales tax, the Missouri Department of Revenue said in a letter ruling. by usoftax_admin | Feb 16, 2024 | Tax News
Medical device company Medtronic asked the Eighth Circuit on Friday to overturn a decision rejecting its pricing method for licensing intellectual property to its Puerto Rican affiliate, saying in the long-running case that Medtronic hadn’t used the intercompany... by usoftax_admin | Feb 16, 2024 | Tax News
Virtual currency would be exempt from property taxes in Arizona if voters approve a ballot measure proposed in legislation passed by the state Senate. by usoftax_admin | Feb 16, 2024 | Tax News
The base erosion and anti-abuse tax has been relatively easy to avoid without significant legal risk, tax professionals told Law360, a result that may prompt lawmakers to consider revising or replacing the provision as other major parts of the Tax Cuts and Jobs Act... by usoftax_admin | Feb 16, 2024 | Tax News
IRS Commissioner Danny Werfel also discussed the employee retention credit and IRS funding when he appeared before the House Ways and Means Committee on Thursday. by usoftax_admin | Feb 16, 2024 | Tax News
Legislation that went into effect on Jan. 1 should be welcomed by California’s nonprofit organizations, which may now receive funding more quickly, rectify past noncompliance more easily and have greater access to the states’ security funding program, say Casey...