by usoftax_admin | Nov 14, 2023 | Tax News
While the Inflation Reduction Act provides a 10-year window for spending billions of dollars, the IRS is under pressure to prove that it can change and improve, commissioner Danny Werfel says at AICPA tax conference. by usoftax_admin | Nov 14, 2023 | Tax News
If state lawmakers aren’t careful about avoiding discriminatory taxes on electronic commerce, the federal Internet Tax Freedom Act could stymie a Multistate Tax Commission project that aims to harmonize state tax rules for digital transactions, a business tax... by usoftax_admin | Nov 14, 2023 | Tax News
A Multistate Tax Commission group working on the state taxation of partnerships proposed Tuesday to continue working on a draft general framework to guide its discussions before resuming a focus on specific complex issues in the arena. by usoftax_admin | Nov 14, 2023 | Tax News
Counsel for Donald Trump on Tuesday leaned into a defense about how he valued his assets, in the trial over New York Attorney General Letitia James’ claims that the former president and others defrauded banks and insurers by lying about his net worth, as an... by usoftax_admin | Nov 14, 2023 | Tax News
The IRS plans a reset of the employee retention credit program after the agency stopped processing claims for the credit due to fraud, Internal Revenue Commissioner Daniel Werfel said Tuesday. by usoftax_admin | Nov 14, 2023 | Tax News
The U.S. Tax Court erroneously held that the Internal Revenue Service lacks the authority to collect penalties from taxpayers who fail to report their foreign businesses, the IRS told the D.C. Circuit.