by usoftax_admin | Oct 31, 2023 | Tax News
The House Ways and Means Committee will discuss a bill on Thursday that would exclude compensation for certain disaster-related expenses from taxpayers’ gross income, the panel said Tuesday. by usoftax_admin | Oct 31, 2023 | Tax News
An international minimum tax agreement’s backstop provision could trigger offshore liabilities for U.S. multinationals that are seen as paying too little at home under the global rules, which view long-standing research and development credits as pulling down... by usoftax_admin | Oct 31, 2023 | Tax News
A senior Democratic member of the House Ways and Means Committee will not be seeking reelection to the U.S. House of Representatives, ending a career in Congress spanning nearly three decades. by usoftax_admin | Oct 31, 2023 | Tax News
A Texas magistrate judge has said PNC Bank is owed nearly $600,000 stemming from a settlement agreement with a former development partner that received a tax credit on an affordable housing project, after finding the developer failed to make the required... by usoftax_admin | Oct 31, 2023 | Tax News
A cryptocurrency founder who admitted to evading taxes on his crypto profits and causing the government $5.5 million in tax losses was sentenced to four years in prison, the maximum for his crimes, the U.S. Department of Justice announced Tuesday. by usoftax_admin | Oct 31, 2023 | Tax News
After recent convictions in the first criminal tax fraud trial over allegedly abusive syndicated conservation easements, the IRS and U.S. Department of Justice will likely pursue other promoters for similar alleged conspiracies — though one acquittal may help...