by usoftax_admin | May 30, 2024 | Tax News
More than 145 countries have now signed up to the deal since it was introduced in 2021 by usoftax_admin | May 29, 2024 | Tax News
The Australian Taxation Office lost a bid to have a now-liquidated Australian investment company repay a AU$29 million ($19.2 million) tax debt after an Irish court determined the payment should instead go to a lender. by usoftax_admin | May 29, 2024 | Tax News
Iowa will consider requests for tax penalty relief from people in several counties who missed state tax filing and payment deadlines because their records were destroyed by recent storms, the state Department of Revenue said Wednesday. by usoftax_admin | May 29, 2024 | Tax News
he New Jersey Division of Taxation’s top official encouraged businesses Wednesday not to ignore questionnaires from the agency regarding whether they had filing obligations before the state switched to combined reporting, warning that failure to respond could... by usoftax_admin | May 29, 2024 | Tax News
Tennessee will require a study on the cost to businesses of collecting and remitting state and local taxes and the cost to the state of remuneration to businesses for sales tax collection, under a bill signed by the governor. by usoftax_admin | May 29, 2024 | Tax News
Louisiana would give the state’s economic development agency discretion in awarding tax incentives to businesses that miss a deadline for reasons beyond their control as part of a bill passed in the state Senate. by usoftax_admin | May 29, 2024 | Tax News
A recently published Internal Revenue Service revenue procedure departs from commonly understood interpretations of the spinoff rules by imposing more stringent standards on companies seeking private letter rulings regarding tax-free stock spinoff and split-off... by usoftax_admin | May 29, 2024 | Tax News
The Tenth Circuit tossed an insurance company’s challenge to a U.S. Tax Court ruling rejecting the company’s effort to invalidate tax deficiency notices on Wednesday, saying it lacked authority to hear the case because the Tax Court’s decision... by usoftax_admin | May 29, 2024 | Tax News
Two Miami-based tax professionals and their businesses should be barred from preparing federal tax returns for others because they repeatedly claimed fraudulent credits without their customers’ knowledge, the U.S. Department of Justice told a Florida federal... by usoftax_admin | May 29, 2024 | Tax News
The Republican-led Kansas Legislature will meet in a special session June 18 to consider tax relief legislation, the state’s governor said Wednesday, calling for compromise following her veto of a bill to reduce income tax rates.