by usoftax_admin | Mar 11, 2025 | Tax News
A federal jury in Hawaii was justified in finding that an international businessman hadn’t willfully failed to report his foreign bank accounts in an $11.6 million dispute, and the U.S. government is not entitled to an overruled verdict or new trial, he told the... by usoftax_admin | Mar 11, 2025 | Tax News
The House passed legislation Tuesday that would repeal a final U.S. Treasury Department rule implementing additional reporting requirements for decentralized finance brokers. by usoftax_admin | Mar 11, 2025 | Tax News
The Internal Revenue Service would continue to be blocked from accessing more than $20 billion in Inflation Reduction Act funding under legislation passed Tuesday by the House of Representatives, paving the way for the government to keep running past this coming... by usoftax_admin | Mar 11, 2025 | Tax News
Relevance of artificial intelligence in the tax world is expanding rapidly, and individuals and businesses should consider using it as long as cautions and guidelines are in place, tax professionals who have adopted the technology said Tuesday. by usoftax_admin | Mar 11, 2025 | Tax News
Despite uncertainty over the future of the Inflation Reduction Act’s clean energy tax credits, the abundance of rules that has been released on them has provided stability for development projects that practitioners say should hold for the next few years.