by usoftax_admin | Sep 12, 2023 | Tax News
The Internal Revenue Service and a Georgia partnership are pursuing a settlement in a $38 million easement fight following sanctions by the U.S. Tax Court against government lawyers for hiding backdated evidence in the case, according to a court order filed... by usoftax_admin | Sep 12, 2023 | Tax News
A Puerto Rico tax incentive encouraging investors to relocate to the territory has led to billions in lost revenue while exacerbating local economic challenges, advocacy groups said Tuesday, calling for increased oversight. by usoftax_admin | Sep 12, 2023 | Tax News
The technical explanation of provisions in the Inflation Reduction Act and other tax laws passed during the last Congress should be published by the end of the year, a Joint Committee on Taxation counsel said Tuesday. by usoftax_admin | Sep 12, 2023 | Tax News
Ford Motor Co. called on the U.S. government to narrow a provision of the clean vehicle tax credit, saying in a letter released Tuesday by the U.S. Treasury that the current “foreign entity of concern” provision jeopardizes the country’s climate and... by usoftax_admin | Sep 12, 2023 | Tax News
The Internal Revenue Service released guidance Tuesday directing taxpayers to the directions of two forms for information on seeking electronic filing waivers or exemptions. by usoftax_admin | Sep 12, 2023 | Tax News
Policymakers developing the 15% effective global minimum tax at the Organization for Economic Cooperation and Development will consider next year whether a multilateral convention could be used to resolve disputes under the new regime, an official said Tuesday.