by usoftax_admin | Dec 17, 2024 | Tax News
The Internal Revenue Service issued a correction Tuesday to proposed regulations laying out administrative requirements for tax-exempt entities to elect out of their partnership status in order to take advantage of new rules enabling direct cash payment of clean... by usoftax_admin | Dec 17, 2024 | Tax News
A Massachusetts federal judge denied a Vietnamese-American former state senator’s bid to undo his conviction for unlawfully accepting unemployment assistance and filing a false tax return, rejecting claims that jury selection was tainted by “racial... by usoftax_admin | Dec 17, 2024 | Tax News
A New York City tax preparer who earned the nickname “the magician” while depriving the IRS of $145 million in revenue copped to tax evasion on Tuesday before a Manhattan federal judge. by usoftax_admin | Dec 17, 2024 | Tax News
The Internal Revenue Service finalized rules Tuesday that will expand the definition of a coverage month for purposes of computing the health insurance premium tax credit. by usoftax_admin | Dec 17, 2024 | Tax News
A woman who said the IRS wrongly applied her tax payment to her ex-husband’s bill asked the U.S. Supreme Court to let stand a Third Circuit ruling allowing her to challenge it, saying the decision doesn’t conflict with any other rulings and involves an...