by usoftax_admin | Jan 14, 2025 | Tax News
The final regulations, posted by the IRS on Tuesday in the Federal Register, identify certain microcaptive transactions as reportable listed transactions or transactions of interest. by usoftax_admin | Jan 14, 2025 | Tax News
The 2017 tax law’s expiring provisions, including the opportunity zone tax incentives, credit for advanced manufacturing and child tax credit expansion, must be made permanent as soon as possible, House Ways and Means Committee Chairman Jason Smith said... by usoftax_admin | Jan 14, 2025 | Tax News
New York state would cut $1 billion in taxes for some families making up to $323,000 annually, refund surplus sales tax revenue to residents making less than $300,000 per year and expand the child tax credit under a plan outlined Tuesday by Gov. Kathy... by usoftax_admin | Jan 14, 2025 | Tax News
Compensation from affiliates of publicly traded companies would count toward the $1 million limit on tax deductions for performance-based pay of high-earning employees under rules proposed Tuesday by the U.S. Treasury Department and Internal Revenue Service. by usoftax_admin | Jan 14, 2025 | Tax News
A Michigan county has urged a federal judge to toss a proposed class action alleging that it kept surplus proceeds from tax-foreclosed home sales, saying the homeowner bringing the claims hasn’t yet used the state’s process for securing the proceeds.