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Pension Plan Segment Rates Rise In September

by usoftax_admin | Sep 15, 2023 | Tax News

Segment rates for calculating pension plan funding rose in September, the Internal Revenue Service said Friday.

Moratorium imposed on new ERC claim processing to curb abuse

by usoftax_admin | Sep 15, 2023 | Tax News

The IRS issues a moratorium on new ERC claims processing through at least the end of the year and allows taxpayers to withdraw claims that have been filed but not processed.

Taxation With Representation: Latham, Skadden, Wachtell

by usoftax_admin | Sep 15, 2023 | Tax News

In this week’s Taxation with Representation, Vital Energy acquires three companies, WT Microelectrics buys Future Electronics and the J.M. Smucker Co. purchases Hostess Brands.

11th Circ. Won’t Revisit Lifting State Tax Cut Limit

by usoftax_admin | Sep 14, 2023 | Tax News

The Eleventh Circuit said Thursday that the full court won’t review a panel decision to allow 13 states to eschew a limit on tax cuts attached to federal coronavirus funds, denying the U.S. Treasury Department’s request that the court revisit its...

IRS Halts Processing Of Employee Retention Credit Claims

by usoftax_admin | Sep 14, 2023 | Tax News

The Internal Revenue Service will immediately stop processing new employee retention credit claims amid high numbers of questionable claims and concerns from tax professionals, the agency said Thursday.

NY ALJ Upholds State Tax Allocation On Partners’ Earnings

by usoftax_admin | Sep 14, 2023 | Tax News

Nonresident partners in an investment management services partnership were required to follow the state’s formula for determining business allocable to New York and could not hold off allocating deferred fees until the fees were required to be repatriated,...
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