by usoftax_admin | May 15, 2025 | Tax News
Applicable federal rates for income tax purposes are set to mostly decrease in June, the fourth consecutive month in which rates have fallen, the Internal Revenue Service said Thursday. by usoftax_admin | May 15, 2025 | Tax News
House Republicans’ mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects’ foreign business ties could have the same effect as immediately repealing them. by usoftax_admin | May 15, 2025 | Tax News
The administrative requirements for complying with an international minimum tax agreement known as Pillar Two could end up costing companies more than any taxes they pay under the global regime, a Microsoft tax executive said Thursday. by usoftax_admin | May 15, 2025 | Tax News
The IRS has the authority to collect the restitution owed by a former attorney convicted of a $7 billion tax fraud scheme, the U.S. government told the Seventh Circuit, saying he is inventing a loophole to avoid paying his $371 million liability. by usoftax_admin | May 15, 2025 | Tax News
The IRS published the corporate bond monthly yield curve Thursday for use in calculations for defined benefit plans for May, as well as corresponding segment rates and other related provisions.