by usoftax_admin | Nov 14, 2024 | Tax News
The Senate approved the last of President Joe Biden’s nominees to serve on the U.S. Tax Court, marking the sixth judge the chamber has confirmed to the court this year. by usoftax_admin | Nov 14, 2024 | Tax News
Much of the IRS and Justice Department’s recent success in prosecuting syndicated conservation easement cases can be attributed to the government’s focus on the so-called PropCo ratio, which could indicate treacherous waters ahead for participants and their advisers,... by usoftax_admin | Nov 14, 2024 | Tax News
A woman who missed the deadline for reporting that she received a $350,000 inheritance isn’t allowed to sue the IRS for acting arbitrarily in charging her a late penalty because other remedies to her complaint are available to her, the agency told a California... by usoftax_admin | Nov 14, 2024 | Tax News
Clean electricity tax credits in the Democrats’ signature climate law could be scaled back amid next year’s effort by President-elect Donald Trump and GOP lawmakers to quickly renew expiring provisions of the 2017 Tax Cuts and Jobs Act once they’re... by usoftax_admin | Nov 14, 2024 | Tax News
HCA Healthcare Inc. and the Florida Department of Revenue have settled the company’s claims that some of HCA’s nonbusiness income was incorrectly classified as business income and a federal credit was not applied to HCA’s $13.8 million corporate...