by usoftax_admin | Jun 20, 2024 | Tax News
The IRS says that at least 10% of employee retention credit claims will be denied in the coming weeks and that at least 60% of claims show an “unacceptable” level of risk. The IRS will leave in place its moratorium on processing a majority of recent claims. by usoftax_admin | Jun 20, 2024 | Tax News
Former President Donald Trump and other defendants fighting a $465 million civil fraud judgment called on New York Supreme Court Justice Arthur Engoron to recuse himself Thursday in light of a once-suspended real estate attorney’s recent judicial misconduct... by usoftax_admin | Jun 20, 2024 | Tax News
The Supreme Court upheld the mandatory repatriation tax as a valid exercise of Congress’s taxing authority. The Court did not reach the question of whether income must be realized to be taxable. by usoftax_admin | Jun 20, 2024 | Tax News
The Internal Revenue Service will keep in place its moratorium on processing new employee retention credit claims because of rampant fraud, the agency’s commissioner told reporters Thursday, and will seek help from lawmakers before deciding on the... by usoftax_admin | Jun 20, 2024 | Tax News
A ballot measure that would make it more difficult to raise taxes in California would revise the state constitution and cannot be enacted by citizen initiative, the state’s highest court held Thursday in an opinion that ordered the measure struck from the...