by usoftax_admin | May 16, 2025 | Tax News
The House Ways and Means Committee’s tax bill includes retaliatory measures against certain foreign taxes because lawmakers were dissatisfied with international administrative guidance that thought felt undermined their tax sovereignty, a U.S. Treasury... by usoftax_admin | May 16, 2025 | Tax News
The House Budget Committee failed Friday to advance the chamber’s budget bill, which includes Republicans’ $3.8 trillion tax package, prompting the committee to schedule another vote Sunday to reconsider the bill. by usoftax_admin | May 16, 2025 | Tax News
From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here’s a peek into a reporter’s notebook on a few of the week’s developing tax stories. by usoftax_admin | May 16, 2025 | Tax News
A company seeking $268 million in excise tax exemptions for its refurbished tractors asked the Sixth Circuit to reconsider its decision that the tractors might not qualify because they may have previously been sold to tax-exempt buyers, saying the appeals court... by usoftax_admin | May 16, 2025 | Tax News
Gabriel Caldiron Rezende and Rafaela Calçada Cruz of Machado Associados discuss the impacts of the consumption tax reform on agribusiness, focusing on sector-specific concessions, challenges, and strategic responses by usoftax_admin | May 16, 2025 | Tax News
The IRS can move forward in collecting a decades-old tax debt from a former attorney despite his claim that a judge in an underlying proceeding lacked authority because his term had expired before the proceedings ended, the Eleventh Circuit said.