by usoftax_admin | Dec 19, 2023 | Tax News
The Internal Revenue Service will waive nearly $1 billion in failure-to-pay penalties after pausing collection reminders during the COVID-19 pandemic, the agency announced Tuesday. by usoftax_admin | Dec 19, 2023 | Tax News
The average tax rates on corporations and high earners have fallen since 2000, along with the tax costs of providing employment, but tax rates on consumption have risen, the Organization for Economic Cooperation and Development said Tuesday. by usoftax_admin | Dec 19, 2023 | Tax News
Illinois would clarify its updated definition of “investment partnership” in income tax law and explain the withholding requirements for such partnerships as part of regulatory amendments proposed by the state Department of Revenue that would implement... by usoftax_admin | Dec 19, 2023 | Tax News
Representatives of the Council of the European Union and the bloc’s Parliament came to an agreement on the process for selecting the location for the seat of a new anti-money-laundering authority, the groups said. by usoftax_admin | Dec 19, 2023 | Tax News
A woman who received a wrongful termination settlement must include all the proceeds in her gross income, the U.S. Tax Court ruled Tuesday. by usoftax_admin | Dec 19, 2023 | Tax News
Two Senate Democrats invited Justice Clarence Thomas’ attorney on Tuesday to clarify his remarks that the Supreme Court justice’s $267,000 loan from a healthcare industry executive wasn’t forgiven, saying it raised questions about whether he properly...