by usoftax_admin | Apr 29, 2025 | Tax News
Fifteen states have so far approved, on an optional basis, a new form that a marketplace facilitator can use to certify to its marketplace sellers that it will be taking over the collection and remittance of sales tax, relieving the sellers of that responsibility, a... by usoftax_admin | Apr 29, 2025 | Tax News
A New York rule allowing state taxation of nonsolicitation business activities over the internet isn’t barred by a federal law providing limited protections against state income tax, but the rule cannot apply retroactively, a state Supreme Court ruled. by usoftax_admin | Apr 29, 2025 | Tax News
A Multistate Tax Commission committee gave the green light Tuesday for a work group to consider ways to revise the intergovernmental agency’s decades-old sourcing regulations for airlines and broadcasting companies to account for how they generate income from... by usoftax_admin | Apr 29, 2025 | Tax News
A global tax services provider cannot sue the IRS to vacate tax reporting rules for microcaptive insurance companies, the U.S. told a Texas federal court, arguing that the provider, as a consultant to clients using the insurers, wouldn’t actually be hurt by the... by usoftax_admin | Apr 29, 2025 | Tax News
The deal to acquire ITR’s parent company is expected to complete by the end of May 2025 by usoftax_admin | Apr 29, 2025 | Tax News
New York Gov. Kathy Hochul and lawmakers agreed on a budget plan with payroll mobility tax relief for small businesses and a $1 billion tax cut for middle- and low-income residents, the governor said, despite critics saying the plan leaves the state exposed to federal... by usoftax_admin | Apr 29, 2025 | Tax News
The Senate Finance Committee approved President Donald Trump’s pick for assistant Treasury secretary for tax policy along party lines Tuesday. by usoftax_admin | Apr 29, 2025 | Tax News
President Donald Trump will sign an executive order Tuesday afternoon to provide automakers that produce and sell finished vehicles in the U.S. a 15% offset on future imported parts that face a 25% tariff for the next year. by usoftax_admin | Apr 29, 2025 | Tax News
Kansas will require multistate corporations to switch from the three-factor apportionment method for income to a single-sales-factor apportionment method and to market-based sourcing of receipts under a bill signed by the governor. by usoftax_admin | Apr 29, 2025 | Tax News
Kansas established a sales tax exemption for businesses that build and make purchases for the development of data centers in the state under a bill signed by the governor.