by usoftax_admin | Nov 26, 2024 | Tax News
The U.S. Tax Court dismissed Tuesday a petition from an education company seeking nonprofit status, granting a joint request from the company and the Internal Revenue Service that will give the company time to improve its application. by usoftax_admin | Nov 26, 2024 | Tax News
A federal judge granted final approval to a $10.8 million settlement between former Jackson Hewitt Inc. workers and the tax preparation firm over claims the company’s franchisees entered into an anti-competitive no-poach agreement despite the provision being... by usoftax_admin | Nov 26, 2024 | Tax News
Arizona’s one-time state tax rebates issued in 2023 should be exempt from federal taxation, three U.S. House members from the state told House leadership, urging a floor vote on legislation to exclude the income following a federal court decision finding the... by usoftax_admin | Nov 26, 2024 | Tax News
The Internal Revenue Service will push back its implementation of a law requiring peer-to-peer payment platforms such as Venmo and PayPal to report aggregate payments of $600 or more for one final time, it said Thursday, and the threshold for 2025 will instead be... by usoftax_admin | Nov 26, 2024 | Tax News
A U.S.-Saudi citizen who’s been a pilot and luxury airplane consultant settled his $1.2 million dispute with the U.S. government over bank accounts in Switzerland that the IRS said he failed to report.