by usoftax_admin | Sep 27, 2023 | Tax News
Applications for the low-income community bonus credit meant to spur clean energy projects in economically distressed areas will open the morning of Oct. 19, according to a statement Wednesday from three federal agencies. by usoftax_admin | Sep 27, 2023 | Tax News
Dozens of House Democrats demanded Wednesday that U.S. Supreme Court Justice Clarence Thomas recuse himself from a case that could kneecap the power of federal regulators, citing new reports highlighting his ties to the billionaire Koch Brothers whose “staff... by usoftax_admin | Sep 27, 2023 | Tax News
The U.S. Supreme Court would grant multinational corporations billions of dollars in tax relief if it ruled in favor of a Washington couple challenging the constitutionality of the one-time mandatory repatriation tax, according to a report published Wednesday by... by usoftax_admin | Sep 27, 2023 | Tax News
Farmers and ranchers forced to sell livestock because of drought have another year to replace their animals and still defer taxes on capital gains from selling them, the Internal Revenue Service announced Wednesday. by usoftax_admin | Sep 27, 2023 | Tax News
The Internal Revenue Service failed to properly report 48 violations of fair tax collection practices within an internal tracking database, the Treasury Inspector General for Tax Administration said in a report published Wednesday. by usoftax_admin | Sep 27, 2023 | Tax News
Pell Grants would be fully excluded from taxable income under a bill introduced in the U.S. Senate.