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Consumption Tax Ideas Are Cause For Concern, JCT Says

by usoftax_admin | Dec 5, 2023 | Tax News

Making consumption-based changes to the current tax system could create significant transition issues, the Joint Committee on Taxation said in a report published Tuesday.

IRA Monetization Energizes Clean Power Tax Credit Market

by usoftax_admin | Dec 5, 2023 | Tax News

Recent large sales of clean energy production tax credits reflect an environment in which the Inflation Reduction Act’s provisions for monetizing such credits via direct transfer — bypassing slow, costly tax equity transactions — offer opportunities for both...

Legal Profession Gender Parity Requires Equal Parental Leave

by usoftax_admin | Dec 5, 2023 | Tax News

To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at...

IRS Makes Corrections To Revise, Clarify Regulations

by usoftax_admin | Dec 5, 2023 | Tax News

The Internal Revenue Service issued two corrections Tuesday, one that revises consolidated return regulations and one that clarifies information regarding income gain or loss relative to a qualified business unit.

COVERAGE RECAP: Day 40 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Dec 5, 2023 | Tax News

Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Here’s a recap from day 40.

Trump Seeks NY High Court Review Of Fraud Trial Gag Orders

by usoftax_admin | Dec 4, 2023 | Tax News

Former President Donald Trump on Monday sought to have New York’s highest court review his appeal of the reinstatement of gag orders in the civil fraud trial over the state’s claims that he defrauded banks and insurers by falsely inflating his net...
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