by usoftax_admin | May 16, 2025 | Tax News
President Donald Trump asked the U.S. Supreme Court on Friday to pause a California federal judge’s order temporarily halting agencies from implementing an executive order to plan reorganizations and reductions in force, claiming the lower court’s decision... by usoftax_admin | May 16, 2025 | Tax News
A Korean-language news publication reached a settlement with the U.S. government that will let it pay $4.3 million to resolve an agreed-upon tax judgment of $9.1 million plus interest, according to a stipulated order entered in California federal court. by usoftax_admin | May 16, 2025 | Tax News
Alabama doubled the amount of time it gives taxpayers to appeal assessments to the state tax tribunal or a circuit court under a bill signed by the governor. by usoftax_admin | May 16, 2025 | Tax News
European Union-wide taxes on unhealthy products, in particular sugary drinks, could help both promote public health and generate revenue, but the bloc would need to consider a number of complicating factors, said a study released Friday. by usoftax_admin | May 16, 2025 | Tax News
A panel of Pennsylvania appellate judges properly ruled that a state board wrongfully imposed a real estate transfer tax on the transfer of a partnership interest in a real estate company from one trust to another, the court ruled en banc. by usoftax_admin | May 16, 2025 | Tax News
Those needing to submit withholding tax forms for royalties paid to or for the benefit of a foreign person from a source within South Africa can now do so online, the country’s revenue agency said. by usoftax_admin | May 16, 2025 | Tax News
The House Ways and Means Committee’s tax bill includes retaliatory measures against certain foreign taxes because lawmakers were dissatisfied with international administrative guidance that thought felt undermined their tax sovereignty, a U.S. Treasury... by usoftax_admin | May 16, 2025 | Tax News
The House Budget Committee failed Friday to advance the chamber’s budget bill, which includes Republicans’ $3.8 trillion tax package, prompting the committee to schedule another vote Sunday to reconsider the bill. by usoftax_admin | May 16, 2025 | Tax News
From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here’s a peek into a reporter’s notebook on a few of the week’s developing tax stories. by usoftax_admin | May 16, 2025 | Tax News
A company seeking $268 million in excise tax exemptions for its refurbished tractors asked the Sixth Circuit to reconsider its decision that the tractors might not qualify because they may have previously been sold to tax-exempt buyers, saying the appeals court...