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IRS Opens Clean Vehicle Tax Credit Portal For Car Dealers

by usoftax_admin | Nov 1, 2023 | Tax News

Licensed car dealerships that want to take advantage of the new transfer method for the electric vehicle tax credit can start registering the sales information of eligible clean vehicles on a website the Internal Revenue Service unveiled Wednesday.

COVERAGE RECAP: Day 21 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Nov 1, 2023 | Tax News

Law360 is 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 21.

AICPA, others call for a one-year extension of BOI report deadline

by usoftax_admin | Oct 31, 2023 | Tax News

In a letter to Treasury’s Financial Crimes Enforcement Network, the AICPA says the additional time will give all businesses a fair and reasonable time frame to become aware of the new and complex rule.

Bankers Doubted Trump’s $1B Buffalo Bills Bid, Court Hears

by usoftax_admin | Oct 31, 2023 | Tax News

A former Morgan Stanley managing director on Tuesday told a New York judge of how the investment bank fielded a $1 billion offer from Donald Trump to buy the Buffalo Bills in 2014, but there was doubt on the deal team that the former president could make it to the end...

Former Conn. Office Manager Admits To $1M Embezzlement

by usoftax_admin | Oct 31, 2023 | Tax News

The former office manager for a construction company in Connecticut has admitted to pulling off an embezzlement scheme that netted nearly $1 million and failing to pay taxes on the proceeds of the long-running crime, federal prosecutors said Tuesday.

Western Canada Leaders Say Carbon Tax Break Snubs Them

by usoftax_admin | Oct 31, 2023 | Tax News

Top politicians from the western Canadian provinces Saskatchewan and Alberta said they were snubbed by the three-year federal exemption from carbon tax for home heating oil, primarily used in eastern provinces, with Saskatchewan’s premier vowing not to pay the...
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