by usoftax_admin | May 7, 2025 | Tax News
Missouri would create a capital gains tax exemption, as well as sales tax exemptions for broadband equipment, diapers and feminine hygiene products, under a bill the state House gave final legislative approval to Wednesday. by usoftax_admin | May 7, 2025 | Tax News
Sixth Circuit judges expressed skepticism of the U.S. government’s claim that the 90-day deadline to petition the U.S. Tax Court is inflexible, with one judge saying during oral arguments Wednesday in a woman’s case challenging the rule that the U.S.... by usoftax_admin | May 7, 2025 | Tax News
Iowa will not consider sales and use tax filings valid if a mandated electronic filer does not file electronically, under a bill signed by the governor. by usoftax_admin | May 7, 2025 | Tax News
The septuagenarian owner of a Florida medical device company who pled guilty to evading $2.4 million in taxes asked a federal district court Wednesday for his sentence to entail home probation and not prison, given his health challenges and payments he already made to... by usoftax_admin | May 7, 2025 | Tax News
Louisiana’s House of Representatives approved a constitutional amendment that would offer voters a second chance to allow local governments to eliminate inventory taxes, following a March defeat at the polls of a broader tax measure that included a similar... by usoftax_admin | May 7, 2025 | Tax News
Alabama sales and use tax exemptions don’t apply to county and municipality sales tax rates unless certain requirements are met under a bill signed by the governor. by usoftax_admin | May 7, 2025 | Tax News
Iowa’s total receipts from July through April lagged $529 million behind collections from the same period in the previous year, according to a report by the state Department of Management. by usoftax_admin | May 7, 2025 | Tax News
Massachusetts general revenue collection from July through April exceeded budget forecasts by $1.9 billion, according to a report by the state Department of Revenue. by usoftax_admin | May 7, 2025 | Tax News
Arizona is extending its sales and use tax exemption for purchases of certain equipment by participants in a state forestry effort for two years under legislation signed by Gov. Katie Hobbs. by usoftax_admin | May 7, 2025 | Tax News
The Internal Revenue Service will begin accepting applications May 15 for its grant program for organizations providing tax services to low-income people or people who speak English as a second language, it announced Wednesday.