by usoftax_admin | Nov 13, 2023 | Tax News
Lawmakers from both parties are concerned about the potential security threats artificial intelligence could pose to tax administration, but the Internal Revenue Service has begun taking steps to protect taxpayers from nefarious actors, a senior Senate Finance... by usoftax_admin | Nov 13, 2023 | Tax News
Recent legislative testimony in Kentucky may cause another battle over the state’s sales tax exemptions for industrial supplies, even though the testimony appears to mischaracterize the impact of a major state court ruling that upheld the exemptions, say... by usoftax_admin | Nov 13, 2023 | Tax News
Illinois would provide some licensed day care facilities with exemptions from property and sales and use taxes under a pair of bills introduced in the state House of Representatives. by usoftax_admin | Nov 13, 2023 | Tax News
A man convicted of tax crimes has lost his bid for a mistrial, with the Fourth Circuit ruling that a Treasury agent’s brief pretrial contact with two potential jurors was “innocuous” and did not compromise the man’s right to an impartial... by usoftax_admin | Nov 13, 2023 | Tax News
Amid a surge in commercial office vacancies due to higher interest rates and the ongoing remote work trend, the White House and Congress are exploring ways to use traditional tax incentives, such as credits for affordable housing and renewable energy, as potential... by usoftax_admin | Nov 13, 2023 | Tax News
A construction firm’s shareholders are not entitled to research tax credits for projects the firm completed as a subcontractor because the contracts proved the firm didn’t own the rights to its research, the Fifth Circuit decided Monday, upholding a...