by usoftax_admin | Dec 18, 2023 | Tax News
The IRS issued regulations on Monday providing a de minimis safe harbor from information-reporting penalties, finalizing proposed regulations issued in 2018. by usoftax_admin | Dec 18, 2023 | Tax News
The former operator of an illegal marijuana business owes taxes on $441,000 in proceeds that he failed to report as income, the U.S. Tax Court ruled Monday, rejecting the man’s arguments that the IRS failed to prove the money was his or establish where it came... by usoftax_admin | Dec 18, 2023 | Tax News
Egypt’s finance minister laid out the government’s plans for extensive tax breaks to draw more environmentally friendly vehicle manufacturers to the country, from wide tax exemptions to opportunities for attractive deductions. by usoftax_admin | Dec 18, 2023 | Tax News
Pennsylvania will align with federal tax law by allowing income received by a resident or nonresident trust from in-state sources to be taxable to the grantor of the trust under a bill signed by Gov. Josh Shapiro. by usoftax_admin | Dec 18, 2023 | Tax News
In a move to accommodate employers with remote workers, a New Jersey legislative committee advanced a bill Monday that would loosen the employee location requirements for businesses to qualify for certain tax and grant programs. by usoftax_admin | Dec 18, 2023 | Tax News
Sen. Joe Manchin requested on Monday the Government Accountability Office’s opinion on whether the U.S. Department of the Treasury’s proposed regulations on the Inflation Reduction Act’s clean vehicle tax credit are subject to congressional review,...