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IRS Funding Likely Safe With Dems Opposed To Further Cuts

by usoftax_admin | Nov 6, 2023 | Tax News

House Republicans passed legislation to rescind $14.3 billion in IRS funding to pay for an aid package for Israel, but resistance in the Democratic-led Senate and public support for the agency’s recent changes will likely insulate the agency from the latest...

PwC breakaway firm ‘ready to go’ after takeover approved

by usoftax_admin | Nov 6, 2023 | Tax News

A regulatory board is understood to have cleared the acquisition of PwC Australia’s former government consulting wing

White House Threatens Veto Over IRS, FTC Funding Bill

by usoftax_admin | Nov 6, 2023 | Tax News

With a Nov. 17 funding deadline looming, the White House on Monday said the House Republicans’ $25.3 billion spending bill for the U.S. Internal Revenue Service, U.S. Federal Trade Commission and other agencies for fiscal year 2024 would make drastic, harmful...

Alaska Man Liable To Repay Insurance Premium Tax Credits

by usoftax_admin | Nov 6, 2023 | Tax News

An Alaska man’s failure to report his improved financial situation leaves him on the hook for more than $8,000 in wrongfully received tax credits for his health insurance premiums, the U.S. Tax Court ruled Monday.

Mo. Tax Isn’t Owed On Mont. Resident’s Purchases, Dept. Says

by usoftax_admin | Nov 6, 2023 | Tax News

A Montana resident who bought products from a Missouri manufacturer and had them delivered through a third party isn’t liable for Missouri sales tax because no taxable event occurred in Missouri, the state Department of Revenue said.

Ala. Man’s Tax Refund Denied Because Request Filed Too Late

by usoftax_admin | Nov 6, 2023 | Tax News

An Alabama man was correctly denied a refund for income tax paid because the refund request was filed outside the statute of limitations, the state Tax Tribunal ruled Monday. 
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