by usoftax_admin | Jan 25, 2024 | Tax News
The Internal Revenue Service improved its telephone service in the 2023 filing season, answering more calls and answering them faster than in 2022, the Government Accountability Office said in a report released Thursday. by usoftax_admin | Jan 25, 2024 | Tax News
The father-son duo behind the famous Tony Luke’s cheesesteak restaurant in South Philadelphia were each sentenced to 20 months in prison Thursday for what prosecutors said was a decadelong tax evasion scheme that included keeping false ledgers and paying... by usoftax_admin | Jan 25, 2024 | Tax News
Airbnb is not a lessor or vendor of the accommodations rented through its platform, so it is not liable for rental taxes levied by a Colorado city on guest fees that are charged on top of nightly rental costs, the company told a state court. by usoftax_admin | Jan 25, 2024 | Tax News
Regulations recently proposed by the IRS and the U.S. Department of the Treasury concerning two types of tax credits for clean hydrogen production facilities should resolve many of the most pressing questions around qualification for the credits — albeit in a... by usoftax_admin | Jan 25, 2024 | Tax News
Kansas would eliminate its sales tax on groceries, reduce its bank privilege tax rate, provide a higher standard deduction and cut property taxes under bills introduced in the state Legislature at the governor’s request. by usoftax_admin | Jan 25, 2024 | Tax News
The Fourth Circuit questioned a biotechnology company’s claim that it was wrongly deprived of tax credits for drug research, asking Thursday why the company rejected the U.S. Tax Court’s ruling that it should have included clinical expenses in its...