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The Tax Angle: Child Care, Medical Debt, Small Biz Relief

by usoftax_admin | Jul 17, 2024 | Tax News

As talks take place on Capitol Hill over the impact the expiration of the Tax Cuts and Jobs Act will have on small businesses and child care, here’s a peek into a reporter’s notebook on a few developing tax stories.

IRS Plans August Hearing On Stock Buyback Tax Rules

by usoftax_admin | Jul 17, 2024 | Tax News

The Internal Revenue Service will hold a public hearing Aug. 27 on proposed regulations governing a new excise tax on repurchases of corporate stock, the agency said Wednesday.

Now More Than Ever, Lawyers Must Exhibit Professionalism

by usoftax_admin | Jul 17, 2024 | Tax News

As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.

IRS Issues Fixes For Clean Electricity Credit Regs

by usoftax_admin | Jul 17, 2024 | Tax News

The Internal Revenue Service issued corrections Wednesday that it said fix a number of errors in proposed regulations concerning the clean electricity production and investment tax credits established by the Inflation Reduction Act.

Treasury Finalizes Rules To Target ‘Killer B’ Transactions

by usoftax_admin | Jul 17, 2024 | Tax News

The U.S. Treasury Department published final regulations Wednesday aimed at so-called Killer B transactions, which involve certain corporate reorganizations with at least one foreign affiliate that ultimately allow U.S. companies to avoid domestic taxes.
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