by usoftax_admin | Dec 22, 2023 | Tax News
The U.S. Department of the Treasury proposed long-awaited rules for the new clean hydrogen production tax credit Friday, including key definitions for use in determining eligibility for it, and sought comments on several technical areas that could affect the credit... by usoftax_admin | Dec 22, 2023 | Tax News
A group of subsidiaries of online payment company Fiserv urged a Florida appeals court to reverse a lower court’s ruling that dismissed their tax sourcing challenges for lack of jurisdiction. by usoftax_admin | Dec 22, 2023 | Tax News
The Internal Revenue Service said Friday that it has delayed a variety of tax deadlines for Tennessee taxpayers affected by recent tornadoes and severe storms. by usoftax_admin | Dec 22, 2023 | Tax News
The Internal Revenue Service announced the launch of a tool Friday that’s intended to simplify the process that lets businesses and other entities receive certain manufacturing, clean energy and production tax credits. by usoftax_admin | Dec 21, 2023 | Tax News
The IRS announced the launch of a program that will allow businesses to repay money from questionable employee retention credit claims and avoid penalties and interest. by usoftax_admin | Dec 21, 2023 | Tax News
The director of the Financial Crimes Enforcement Network said the key changes from the proposed rule involve the scope of financial institution access to beneficial ownership information; limitations on offshore access to BOI; and streamlining procedures for state,...