by usoftax_admin | May 9, 2025 | Tax News
A Georgia federal judge handed down a pair of what he called “stunningly lenient” no-prison sentences Friday to two brothers who served as key cooperating witnesses in a first-of-its-kind federal case against a sprawling, $1.3 billion tax fraud... by usoftax_admin | May 9, 2025 | Tax News
Arizona municipalities that propose an ordinance to adopt or repeal a provision of the state’s code for the administration of local transaction privilege taxes must notify businesses before the proposed ordinance is approved or rejected, under a bill signed by... by usoftax_admin | May 9, 2025 | Tax News
The fate of an element of a House budget reconciliation bill that would broaden state income tax protections for businesses may rest with the Senate parliamentarian’s view on whether the provision passes muster under reconciliation rules. by usoftax_admin | May 9, 2025 | Tax News
President Donald Trump’s call for a 100% tariff on films made outside the U.S. has potential to improve a struggling domestic industry if it is considered in conjunction with new federal tax incentives to restore production, but the idea hasn’t yet... by usoftax_admin | May 9, 2025 | Tax News
A potential markup of the Tax Cuts and Jobs Act renewal bill on Tuesday could be pushed back as Republican lawmakers contend with changes pushed by the White House and concerns from within their ranks, current and former congressional aides said Friday. by usoftax_admin | May 9, 2025 | Tax News
Internal Revenue Service staff cuts and retirements could hamper planning for next year’s filing season if Congress renews the 2017 tax overhaul this year as planned while withholding resources needed to modernize the agency’s systems, a former agency... by usoftax_admin | May 9, 2025 | Tax News
The U.S. tax system is “robust enough” for other countries to refrain permanently from applying the 15% global minimum tax to any income that the U.S. taxes or monitors, but an arrangement must be struck before a safe harbor expires, a Treasury Department... by usoftax_admin | May 9, 2025 | Tax News
Express Scripts is appealing rulings denying it a $43 million tax refund for domestic production activities after a Missouri federal court said the company did not qualify because it did not grant licenses to pharmacy benefit plan sponsors who used its software, the... by usoftax_admin | May 9, 2025 | Tax News
The U.S. Department of Commerce’s recent final determinations in its antidumping and countervailing duty investigations into solar cells produced in certain Southeast Asian countries make it important for U.S. purchasers to consider risk mitigation strategies,... by usoftax_admin | May 9, 2025 | Tax News
A U.S. Supreme Court case considering a religious exemption to unemployment taxes sought by a charity could have implications across a broad swath of organizations, tax practitioners said Friday.