by usoftax_admin | Jan 10, 2024 | Tax News
New Jersey would exempt sales of investment metal bullion and coins from sales and use tax under a bill passed by state legislators and headed to Democratic Gov. Phil Murphy. by usoftax_admin | Jan 10, 2024 | Tax News
Following a moratorium on processing new employee retention credit claims, actions to prevent fraudulent claims are needed before the Internal Revenue Service can consider restarting processing of claims, agency Commissioner Daniel Werfel told the Senate Finance... by usoftax_admin | Jan 10, 2024 | Tax News
Details on a tax package that would expand the child tax credit and extend several business tax provisions will be released soon, congressional negotiators said Wednesday, but lawmakers are still hammering out the specifics, including figuring out how much the package... by usoftax_admin | Jan 10, 2024 | Tax News
European Union regulators must defer to a member country’s interpretation of its own laws, the U.K. government argued Wednesday in asking the EU’s top court to throw out a 2022 determination that U.K. rules on controlled foreign corporations permitted... by usoftax_admin | Jan 10, 2024 | Tax News
The U.S. Treasury Department doesn’t intend to withdraw final foreign tax credit regulations that have been suspended indefinitely as rule writers mull feedback, government officials said Wednesday, throwing cold water on the possibility that the regulations may... by usoftax_admin | Jan 10, 2024 | Tax News
Maryland would require payment of a $100 fee to the state’s tax court for appeals of assessments of income-producing property valued at more than $5 million under cross-filed bills introduced Wednesday in the House of Delegates and Senate.