by usoftax_admin | Apr 29, 2024 | Tax News
The Internal Revenue Service must take additional steps to address noncompliant claims for biodiesel-related tax credits that resulted in the agency wrongly issuing more than $30 million in credits, the Treasury Inspector General for Tax Administration said in a... by usoftax_admin | Apr 29, 2024 | Tax News
The IRS will start taking applications May 28 from project owners seeking to get part of a $6 billion second round of tax credits for developments that will support the clean energy industry, such as solar glass manufacturing and metal recycling facilities, the agency... by usoftax_admin | Apr 29, 2024 | Tax News
The U.S. Supreme Court on Monday denied an attorney’s request for review of a ruling that allowed the Internal Revenue Service to obtain his bank account information, declining to hear his argument that the agency targeted him based on a tax analysis he posted... by usoftax_admin | Apr 29, 2024 | Tax News
The reference price for the nonconventional source production credit in calendar year 2023 — which applies to tax year 2024 — is $76.10, the Internal Revenue Service said Monday. by usoftax_admin | Apr 29, 2024 | Tax News
The number of people who expatriated from the U.S. fell nearly 70% during the first quarter of 2024 compared with the previous quarter, the Internal Revenue Service said in a notice published Monday.