by usoftax_admin | Jun 18, 2024 | Tax News
Under new final regulations issued by the IRS, taxpayers can generally increase the base amount of certain credits or deductions by five times when they meet prevailing wage and apprenticeship requirements. by usoftax_admin | Jun 18, 2024 | Tax News
Oregon will participate in the Internal Revenue Service’s Direct File free online tax filing program when it returns for the 2025 filing season, the U.S. Department of the Treasury and the IRS announced Tuesday. by usoftax_admin | Jun 18, 2024 | Tax News
Corporate income tax receipts will steadily decrease after 2025 in relation to gross domestic product due to expiration of many of the 2017 tax law’s provisions, the Congressional Budget Office said in a report released Tuesday. by usoftax_admin | Jun 18, 2024 | Tax News
A U.S. Tax Court judge warned a certified public accountant who challenged his $23,000 tax bill that his groundless arguments could cost him a fine, saying in an opinion Tuesday that his tax positions “are unbecoming of a CPA.” by usoftax_admin | Jun 18, 2024 | Tax News
A Washington man who said he couldn’t pay his taxes because he struggled to recover from financial setbacks during the pandemic didn’t provide proof of his hardships, the U.S. Tax Court said Tuesday in upholding the government’s collection of...