by usoftax_admin | Sep 3, 2024 | Tax News
A Georgia affiliated group filing a consolidated federal income tax return would no longer need to petition the state commissioner before doing so for state income tax purposes under a rule amendment proposed by the state Department of Revenue. by usoftax_admin | Sep 3, 2024 | Tax News
The carry-forward periods for certain credits in Georgia would be altered to comply with legislation signed by Gov. Brian Kemp, according to rule amendments proposed by the state Department of Revenue. by usoftax_admin | Sep 3, 2024 | Tax News
The U.S. Tax Court correctly determined a man owed over $5,000 in tax deficiencies as well as more than $1,000 in penalties plus interest, the Fifth Circuit ruled Tuesday, finding none of the taxpayer’s four arguments persuasive. by usoftax_admin | Sep 3, 2024 | Tax News
An Alabama real estate developer who sought bankruptcy protection and agreed to settle his tax debts for $2 million asked the U.S. Supreme Court to review a decision allowing the IRS to demand additional taxes from him, saying the agency shouldn’t be allowed to... by usoftax_admin | Sep 3, 2024 | Tax News
A former defense contractor who, with his wife, is facing a 30-count indictment alleging they were involved in a decades-long scheme to defraud the U.S. government and avoid taxes on more than $350 million in income was arrested Tuesday.