by usoftax_admin | May 22, 2024 | Tax News
A part-time administrative law judge for the state of California can’t deduct $25,000 in unreimbursed employee business expenses because his wages are not considered the sort of fees that would allow it, the U.S. Tax Court ruled Wednesday. by usoftax_admin | May 22, 2024 | Tax News
The application portal is open through June 21 for manufacturers seeking a share of a second-round $6 billion tax-credit allocation for their development projects that support the clean energy industry, the Internal Revenue Service announced Wednesday. by usoftax_admin | May 22, 2024 | Tax News
The Internal Revenue Service is deferring until 2027 the applicability date of requirements for reporting certain intercompany payments that are exempt from the base erosion and anti-abuse tax, the agency announced Wednesday. by usoftax_admin | May 22, 2024 | Tax News
The Internal Revenue Service again failed to reduce the rate at which it makes incorrect payments to 10% in 2023, a goal set by 2019 legislation, the Treasury Inspector General for Tax Administration said Wednesday. by usoftax_admin | May 22, 2024 | Tax News
A Connecticut businessman accused by the federal government of “ghost preparing” his customers’ taxes and inflating their refunds by putting false information on their IRS paperwork has agreed to shut down his businesses in a cashless...