by usoftax_admin | Dec 16, 2024 | Tax News
The U.S. Supreme Court said Monday it will not review an Oregon Supreme Court finding that an out-of-state tobacco company was liable for state taxes, letting stand a decision that the company’s Oregon activities negated protections against state taxation in... by usoftax_admin | Dec 15, 2024 | Tax News
The Internal Revenue Service plans to ramp up partnership audits in the next couple of years to boost the current audit rate of 0.05% as the agency props up a new unit that solely focuses on examining large partnerships, an agency attorney said Friday. by usoftax_admin | Dec 14, 2024 | Tax News
The Internal Revenue Service’s criminal arm is still in the early stage of investigating the most extremely fraudulent claims of a tax credit intended to reward businesses for retaining employees during the COVID-19 pandemic, an official said Saturday. by usoftax_admin | Dec 13, 2024 | Tax News
The IRS is providing relief from penalties imposed solely for failure to furnish Part IV of Form 8308 for partnerships by Jan. 31, 2025, if a partnership meets certain requirements. by usoftax_admin | Dec 13, 2024 | Tax News
The U.S. Supreme Court plans to examine whether a group of Catholic charities is exempt from Wisconsin’s unemployment tax, agreeing Friday to review a state Supreme Court finding that the organizations are not operated primarily for religious purposes.