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Pension Plan Segment Rates Rise In December

by usoftax_admin | Dec 14, 2023 | Tax News

Segment rates for calculating pension plan funding rose in December, the Internal Revenue Service said Thursday.

Ex-Mass. Troopers Convicted For No-Work OT Scheme, Fraud

by usoftax_admin | Dec 14, 2023 | Tax News

A pair of former Massachusetts state troopers were convicted in federal court on multiple charges related to a three-year scheme to receive overtime pay despite not working the hours.

IRS reorganizes leadership structure with 1 deputy commissioner

by usoftax_admin | Dec 14, 2023 | Tax News

Doug O’Donnell, the current deputy commissioner for services and enforcement and the acting IRS commissioner from November 2022 to March 2023, will fill the position.

Colo. Dept. To Host Meeting On Green Vehicle Credit Rules

by usoftax_admin | Dec 14, 2023 | Tax News

The Colorado Department of Revenue plans to hold a virtual public meeting Jan. 18 on rule amendments that are meant to clarify changes made this year to the state’s tax credits for clean energy vehicle purchases.

Trump Loses Challenge To Gag Orders In NY AG’s Fraud Case

by usoftax_admin | Dec 14, 2023 | Tax News

A New York appeals court on Thursday rejected Donald Trump’s challenge to two gag orders in the attorney general’s civil fraud case against him, ruling that the former president’s attorneys failed to properly appeal the orders.

IRS Bumps Up Standard Mileage Rate For New Year

by usoftax_admin | Dec 14, 2023 | Tax News

The Internal Revenue Service will raise the standard mileage rate to 67 cents per mile in 2024, the agency said Thursday.
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