by usoftax_admin | Sep 12, 2024 | Tax News
The U.S. House of Representatives voted in favor of a bill Thursday that would place further restrictions on qualifications for a tax credit for new electric vehicles amid concerns that current limits don’t do enough to keep the benefits from flowing to foreign... by usoftax_admin | Sep 12, 2024 | Tax News
The IRS Office of Chief Counsel did not always track comments it received in response to guidance issued on the corporate alternative minimum tax and did not have detailed procedures in place for the pre-rulemaking guidance process, the Treasury Inspector General for... by usoftax_admin | Sep 12, 2024 | Tax News
Rather than outright replace human intelligence, AI solutions can serve as the ‘infinite intern’ tax advisers need to automate onerous tasks, argues Russell Gammon of Tax Systems by usoftax_admin | Sep 12, 2024 | Tax News
Treasury and the IRS released eagerly awaited rules Thursday on the new 15% corporate alternative minimum tax on corporations with reported profits of $1 billion or more, taking a step toward implementing a key provision of President Joe Biden’s signature 2022... by usoftax_admin | Sep 12, 2024 | Tax News
The lack of provision for bilateral advance pricing agreements is a notable omission from proposed reforms of Brazil’s transfer pricing rules