by usoftax_admin | May 1, 2025 | Tax News
A company in Indiana that was originally assessed additional corporate income tax after being denied a $17 million deduction for dividends from foreign subsidiaries may be able to claim another deduction, the Department of State Revenue said in a letter of... by usoftax_admin | May 1, 2025 | Tax News
The Oregon Tax Court is adhering to its finding on the treatment of Microsoft’s repatriated foreign income when calculating its state income, making only minor changes to an earlier order and rejecting the company’s arguments for further relief. by usoftax_admin | May 1, 2025 | Tax News
The Internal Revenue Service issued inflation-adjusted amounts Thursday for health savings accounts for 2026, as well as the maximum amount that may be made available for excepted benefit health reimbursement arrangements. by usoftax_admin | May 1, 2025 | Tax News
An Indiana company providing car transportation services properly paid sales tax on its rentals of vehicles, the state Department of Revenue determined, finding that the company failed to prove it was entitled to a refund. by usoftax_admin | May 1, 2025 | Tax News
A former FBI informant won’t be released while he appeals his six-year prison sentence for tax evasion and falsely telling federal agents that a Ukrainian energy company paid off President Joe Biden and his son Hunter, a California federal judge ruled, saying... by usoftax_admin | May 1, 2025 | Tax News
Hunter Biden dropped his suit against the federal government alleging the unauthorized disclosure of his tax return information by special agents and their attorneys who talked publicly about an investigation that culminated in Biden’s copping to criminal tax... by usoftax_admin | May 1, 2025 | Tax News
Wisconsin would allow film and television production companies to claim an income and franchise tax credit for wages and expenses paid to make a movie or broadcast in the state under a bill introduced in the Senate. by usoftax_admin | May 1, 2025 | Tax News
Texas would prohibit municipalities from exempting renewable energy facilities from property tax under a bill passed by the state Senate. by usoftax_admin | May 1, 2025 | Tax News
Nelson Mullins Riley & Scarborough LLP announced Thursday that it has fortified its tax controversy and litigation team with a partner in Houston who came aboard from Porter Hedges LLP. by usoftax_admin | May 1, 2025 | Tax News
Ricardo Villalobos of Copper Wolf examines how BEPS pillars one and two reshape global tax rules, potentially affecting domestic systems and closing gaps in multinational corporate tax avoidance