by usoftax_admin | Jan 16, 2025 | Tax News
The U.S. Treasury Department provided updates Thursday to safe harbors that clean energy project developers can use to qualify for bonus tax credits for domestically sourcing steel and aluminum parts in response to new trade restrictions on solar products from China... by usoftax_admin | Jan 15, 2025 | Tax News
The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C). by usoftax_admin | Jan 15, 2025 | Tax News
The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements. by usoftax_admin | Jan 15, 2025 | Tax News
The U.S. Tax Court on Wednesday upheld $2.5 million in taxes, plus fraud penalties, against brothers who claimed an unreported bank account held nontaxable proceeds from the sale of their mother’s gift of 1,600 pieces of jewelry from Israel and Iran. by usoftax_admin | Jan 15, 2025 | Tax News
Democrats are willing to work with Republicans on bipartisan issues, such as providing certain treaty-like benefits to Taiwanese residents, retirement issues, and tax administration issues, Democratic and GOP aides for the House Ways and Means and Senate Finance...