by usoftax_admin | May 17, 2024 | Tax News
A Michigan doctor incarcerated for civil contempt in a case in which he was ordered to repay more than $1 million in penalties for failure to report foreign accounts should be freed because he can no longer satisfy the terms of his release, he told a Michigan federal... by usoftax_admin | May 17, 2024 | Tax News
The Corporate Transparency Act is unconstitutional because it does not regulate interstate commerce yet mandates that state-registered entities disclose personal information, a conservative group affiliated with the billionaire Koch brothers told the Eleventh Circuit... by usoftax_admin | May 17, 2024 | Tax News
An electronic-sweepstakes kiosk salesman from Chicago should spend more than two years in prison for submitting false tax returns that fabricated more than $400,000 in business expenses and more than $60,000 in church donations, federal prosecutors told an Illinois... by usoftax_admin | May 17, 2024 | Tax News
The U.S. Treasury Department’s new guidance on bonus tax credits for clean energy projects that source domestic-made materials and components aims to simplify the process for determining eligibility and spur more development to get those extra incentives. by usoftax_admin | May 17, 2024 | Tax News
Political uncertainty about the Internal Revenue Service’s future funding hasn’t affected the agency’s operations planning, the agency’s deputy commissioner said Friday at a Tax Council Policy Institute conference in Washington, D.C.