by usoftax_admin | Feb 12, 2025 | Tax News
The bill, which provides a deadline of Jan. 1, 2026, for an estimated 32 million small businesses to file beneficial ownership information reports, comes as the BOI requirements are mired in court cases. by usoftax_admin | Feb 12, 2025 | Tax News
The IRS issued the 2025 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied. by usoftax_admin | Feb 12, 2025 | Tax News
The House Ways and Means Committee unanimously approved several bipartisan bills Wednesday, including legislation that would require the IRS to update its process for notifying individuals of adjustments to their tax returns and codify the National Taxpayer... by usoftax_admin | Feb 12, 2025 | Tax News
Following the recent wildfires in Los Angeles, there are various tax-free ways to give employees the resources and flexibility they need, including simpler methods like disaster relief payments under Internal Revenue Code Section 139 and leave-sharing programs, and... by usoftax_admin | Feb 12, 2025 | Tax News
A California couple cannot claim tax deductions for losing $2.1 million tied to real estate and business investments in Indiana, the U.S. Tax Court said Wednesday, saying the taxpayers failed to provide evidence supporting those capital losses.