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IRS Lists Shuttered Coal Areas For Energy Bonus Credits

by usoftax_admin | Jun 7, 2024 | Tax News

The Internal Revenue Service on Friday issued updated lists of areas, including closed coal mines and factories, where developers can qualify for additional tax credits for building their clean energy projects.

This week in tax: Spain introduces 15% minimum corporate tax legislation

by usoftax_admin | Jun 7, 2024 | Tax News

The EU nation currently has a headline rate of 25%; in other news, DLA Piper and RSM UK have strengthened their tax teams

Medtronic Urges 8th Circ. To Back Its Transfer Pricing Method

by usoftax_admin | Jun 6, 2024 | Tax News

Medical device maker Medtronic reiterated Thursday its bid for the Eighth Circuit to revive its method for pricing intangible property that was licensed to a Puerto Rican affiliate, arguing the government’s concessions show why the company’s approach is...

Expert warns: IRS has what it needs to pursue more audits

by usoftax_admin | Jun 6, 2024 | Tax News

A speaker at AICPA & CIMA ENGAGE tells attendees that the IRS is paying higher salaries to attract midcareer workers as the agency increases audits.

NRA Can’t Undo $6.4M Misconduct Verdict In NY AG Case

by usoftax_admin | Jun 6, 2024 | Tax News

A New York judge on Thursday rejected a request by the National Rifle Association and its longtime executives to set aside a jury’s $6.4 million verdict that found they misspent charitable funds, saying Attorney General Letitia James provided sufficient evidence...
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