by usoftax_admin | Jun 18, 2024 | Tax News
Taxpayers submitting refund claims that include the research credit no longer need to furnish the names of people who conducted each research project or the information each person tried to find with claims postmarked as of Tuesday, the Internal Revenue Service... by usoftax_admin | Jun 18, 2024 | Tax News
The U.S. Department of the Treasury’s recent notice simplifying domestic content calculations for certain solar, onshore wind and battery storage projects, which directly acknowledges the difficulty for taxpayers in gathering data to support a domestic content... by usoftax_admin | Jun 18, 2024 | Tax News
A former attorney who promoted himself as an expert in employee stock ownership plans failed to report nearly $22.6 million in income related to his acquisition of a furniture company’s overfunded pension plan, the U.S. Tax Court ruled. by usoftax_admin | Jun 18, 2024 | Tax News
The IRS urged the Seventh Circuit to maintain nearly $400,000 in fraud penalties assessed against an Illinois man who pled guilty to falsifying his tax returns as part of a scheme to poison his wife and collect on a $20 million life insurance policy. by usoftax_admin | Jun 18, 2024 | Tax News
Recent IRS guidance limiting the corporate spinoffs that revenue officials will approve as tax-free ahead of time was designed to reflect the drafters’ current views, rather than suggest perceived abuse of these transactions, a U.S. Treasury Department official...