by usoftax_admin | May 9, 2024 | Tax News
House Ways and Means Committee Chairman Jason Smith introduced legislation co-sponsored by all the panel’s Republican members to boost penalties for unauthorized releases of taxpayer data, according to a statement Thursday. by usoftax_admin | May 9, 2024 | Tax News
A Massachusetts home was overvalued, the state Appellate Tax Board ruled, finding evidence of comparable sales presented by the homeowner to be persuasive. by usoftax_admin | May 9, 2024 | Tax News
The IRS described a process Thursday for suspending authorization file numbers assigned to tax professionals pending further review because of possible identity theft or other fraud and said in a statement that the risks potentially compromised numbers pose for tax... by usoftax_admin | May 9, 2024 | Tax News
A Michigan doctor fighting accusations that he failed to report his foreign bank accounts will stay in jail, as a federal court declined to release him Thursday when he didn’t comply with an order to deposit over $1 million to cover the judgment against... by usoftax_admin | May 9, 2024 | Tax News
The Internal Revenue Service’s interest rates for overpayments and underpayments of tax won’t change in the third quarter of 2024, the agency said Thursday.