by usoftax_admin | Jan 10, 2025 | Tax News
The proposed regulations apply to catch-up contributions under a 401(k) or similar workplace retirement plan that generally are allowed for workers who have attained age 50. by usoftax_admin | Jan 10, 2025 | Tax News
The U.S. Treasury Department issued final regulations Friday that are designed to prevent companies from receiving foreign payments in a way that allows them to reduce their overseas taxes without a corresponding increase in U.S. taxable income. by usoftax_admin | Jan 10, 2025 | Tax News
A federal law designed to combat money laundering violates the U.S. Constitution by forcing lawyers to disregard attorney-client privilege, a Georgia lawyer told a federal court, joining a chorus seeking legal action to stop the law. by usoftax_admin | Jan 10, 2025 | Tax News
The Internal Revenue Service’s free electronic tax filing program, Direct File, will be available in Illinois when tax season begins this month, the Illinois Department of Revenue and Gov. JB Pritzker announced Friday. by usoftax_admin | Jan 10, 2025 | Tax News
The final regulations, which the IRS issued Friday, make several changes to the proposed regulations, including a higher dollar threshold for a basis increase in transactions of interest.