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House Tax Chair Urges Treasury To Issue EV Credit Clarity

by usoftax_admin | Sep 19, 2023 | Tax News

The U.S. Department of the Treasury should issue a formal definition of “foreign entity of concern,” Republican Rep. Jason Smith, chairman of the House Ways & Means Committee, said Tuesday, citing widespread confusion regarding the Inflation Reduction...

IRS Picks 8 New Electronic Tax Committee Members

by usoftax_admin | Sep 19, 2023 | Tax News

The Internal Revenue Service appointed eight new members to an advisory group that focuses on issues in electronic tax administration, the agency said Tuesday.

Unlocking investment opportunities: Mexican real estate investment trusts

by usoftax_admin | Sep 19, 2023 | Tax News

Oscar A López Velarde and Jesus Martín Corona González of Ritch Mueller explain the tax-related benefits of FIBRAs, a Mexican investment vehicle tailored to an evolving sector.

Hancock Raised Rates Despite Corp. Tax Cut, Class Suit Says

by usoftax_admin | Sep 19, 2023 | Tax News

Two New York companies holding John Hancock life insurance policies lodged a proposed class action in Illinois federal court, alleging the insurer’s rates are excessive because they do not reflect the effects of the 2017 Tax Cuts and Jobs Act.

‘Tsunami’ of ERC claims required IRS action to halt fraud, experts say

by usoftax_admin | Sep 19, 2023 | Tax News

Attorneys and a former IRS commissioner say the employment retention credit started as a benefit for small business in the pandemic but has morphed into one that allows ERC mills to take advantage of taxpayers.

DLA Piper Lands Investment Funds Trio From White & Case

by usoftax_admin | Sep 19, 2023 | Tax News

DLA Piper has hired a partner trio from White & Case LLP who all focus their practices on investment funds matters, the firm said Monday.
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