by usoftax_admin | Oct 13, 2023 | Tax News
Public charities run by organizations that they support are not allowed to accept gifts from anyone who holds at least half the controlling group’s veto power, according to final rules issued Friday by the Internal Revenue Service. by usoftax_admin | Oct 13, 2023 | Tax News
The U.S. Treasury Department’s recent interim guidance on the corporate alternative minimum tax acknowledges the statute’s risk of counting offshore income twice but reveals little about how rule writers may ultimately approach the issue. by usoftax_admin | Oct 13, 2023 | Tax News
The Internal Revenue Service said Friday that it will extend certain tax deadlines to October 2024 for those affected by the Hamas attacks in Israel. by usoftax_admin | Oct 13, 2023 | Tax News
The U.S. Supreme Court on Friday added another case to its docket that challenges a decades-old doctrine instructing lower courts to defer to federal agencies’ interpretations of ambiguous laws, which the court said it will hear in tandem with an almost... by usoftax_admin | Oct 13, 2023 | Tax News
Property seized by the Internal Revenue Service to satisfy tax debts could sell for more money under proposed regulations released Friday that the agency said would create a more competitive bidding process, remove barriers to online sales and for the first time allow... by usoftax_admin | Oct 13, 2023 | Tax News
The Treasury Inspector General for Tax Administration published its plan for overseeing the Internal Revenue Service’s transformation efforts through the 2025 fiscal year on Friday.