by usoftax_admin | Aug 21, 2024 | Tax News
The Federation of Tax Administrators is set to facilitate a legislative work group that could foster more collaboration and awareness among state and local tax administrators about legislation circulating nationwide, a Missouri Department of Revenue representative... by usoftax_admin | Aug 21, 2024 | Tax News
An Arizona man who failed to report his foreign bank accounts in Switzerland owes approximately $2.7 million in recalculated penalties and interest to the Internal Revenue Service, the U.S. told an Arizona federal court. by usoftax_admin | Aug 21, 2024 | Tax News
Though the IRS has published guidance regarding the Inflation Reduction Act’s 10% adder for tax credits generated by renewable energy projects constructed on brownfield sites, considerable guesswork remains as potential implications seem contrary to IRS... by usoftax_admin | Aug 21, 2024 | Tax News
A woman who operates a New Zealand winery must pay $238,000 in penalties and an extra $105,000 in interest and fees for failing to report her New Zealand financial accounts to the U.S. government, the Ninth Circuit ruled Wednesday. by usoftax_admin | Aug 21, 2024 | Tax News
Vice President Kamala Harris has proposed increasing the corporate tax rate to 28% to boost revenue if she’s elected president, but the proposed hike raises questions about changes to the corporate tax base, the future of the OECD’s global tax deal and the...