IRS Warns About ESOP Compliance Issues, IR-2023-144
As part of ensuring high income taxpayers pay what they owe, the IRS warned businesses and tax professionals to be alert to a range of compliance issues associated with Employee Stock Ownership ...
LA - Government of guam retirement fund income not exempt
The Louisiana Board of Tax Appeals held that income received from the Government of Guam Retirement Fund was not exempt from personal income tax as "income received by an individual pursuant to a reti...
MS - City of Eupora levies hotel, motel, and restaurant tax
The Mayor and the Board of Aldermen of the city of Eupora in Mississippi have adopted a resolution, effective October 1, 2023, to levy a 2% tax on:the gross sales of hotels, motels, and Airbnbs derive...
TX - Local tax rate changes announced for Q4
Texas has issued a chart of sales and use tax rate changes that take effect October 1, 2023. The chart includes updated rates for cities and counties. Additionally, dozens of changes occurred to sales...
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