by usoftax_admin | Oct 22, 2024 | Tax News
West Virginia will cut its personal income tax rates further and will pay for the reduction by tapping the state’s general revenue fund under a bill signed into law by Republican Gov. Jim Justice. by usoftax_admin | Oct 22, 2024 | Tax News
Semiconductor wafer production facilities will qualify for the 25% investment tax credit that incentivizes advanced chip manufacturing development projects under final regulations the U.S. Department of the Treasury released Tuesday. by usoftax_admin | Oct 22, 2024 | Tax News
The Internal Revenue Service is planning to propose regulations that may amend positions in an existing revenue procedure that narrowed the range of spinoff transactions the agency will approve as tax-free ahead of time, an IRS official said Tuesday. by usoftax_admin | Oct 22, 2024 | Tax News
As Winston & Strawn LLP continues to build out its transactions team, the firm has hired a new attorney from Hunton Andrews Kurth LLP with a focus on the tax aspects of real estate financing. by usoftax_admin | Oct 22, 2024 | Tax News
Counsel for an ex-lobbyist standing trial on public corruption charges alongside former Illinois House Speaker Michael Madigan told an Illinois federal jury Tuesday that the government is treating legal lobbying activity as bribery, and that his client did “100%...