by usoftax_admin | Feb 15, 2024 | Tax News
Lawyers for the National Rifle Association and its former CEO Wayne LaPierre accused New York Attorney General Letitia James of political bias in their final trial arguments Thursday, while a government attorney said this “witch hunt” defense is merely a... by usoftax_admin | Feb 15, 2024 | Tax News
A brownfield developer can claim New York’s brownfield redevelopment tax credit on capitalized costs related to water main improvements at the site, an administrative law judge said in a determination released Thursday. by usoftax_admin | Feb 15, 2024 | Tax News
The Eighth Circuit should set aside transfer pricing regulations from the U.S. Treasury Department that reallocated $23 million of income from 3M’s Brazilian affiliate to the parent company, three trade associations told the court in amicus briefs. by usoftax_admin | Feb 15, 2024 | Tax News
Internal Revenue Commissioner Daniel Werfel defended Thursday his decision to delay implementation of a law requiring peer-to-peer payment platforms such as Venmo and PayPal to report aggregate payments of $600 or more, saying the decision was informed by... by usoftax_admin | Feb 15, 2024 | Tax News
Two New York laundromat owners cannot claim business losses for expenses such as labor, insurance and repairs for state income tax purposes, a state administrative law judge said in a determination released Thursday, because they failed to prove that the expenses were... by usoftax_admin | Feb 15, 2024 | Tax News
An alternative rule that would source trucking receipts to deliveries will be drafted after a work group of the Multistate Tax Commission voted Thursday to have its staff create a proposal, despite claims from some members that it would create more disharmony among...