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IRS Expands Business Tax Account Program To Corp. Leaders

by usoftax_admin | Dec 12, 2024 | Tax News

The Internal Revenue Service’s business tax account online self-service tool is now available to C corporations, while the agency is opening access to the program to certain officers of both C and S corporations, the agency said Thursday.

IRS Hopes To Issue Amount B Pricing Guidance Within Weeks

by usoftax_admin | Dec 12, 2024 | Tax News

Treasury is working to finish its guidance on the simplified transfer pricing approach to baseline marketing and distribution known as Amount B by the end of the year, a U.S. official said Thursday.

Ex-FBI Informant Admits To False Accusations In Biden Case

by usoftax_admin | Dec 12, 2024 | Tax News

A former FBI informant accused of making fake criminal accusations against President Joe Biden and his son, Hunter Biden, will plead guilty to tax evasion and falsifying records in a federal investigation, according to a deal filed Thursday in a California federal...

Treasury Seeks To Pause Anti-Laundering Law Injunction

by usoftax_admin | Dec 12, 2024 | Tax News

The U.S. Treasury Department asked a Texas federal judge to pause his nationwide preliminary injunction of the Corporate Transparency Act pending an appeal of his recent decision that found Congress likely overstepped its constitutional authority when it wrote the...

IRS Electronic Tax Committee To Meet In January

by usoftax_admin | Dec 12, 2024 | Tax News

The Internal Revenue Service’s Electronic Tax Administration Advisory Committee will hold its next meeting Jan. 8, the agency said Thursday.
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