by usoftax_admin | Jan 13, 2025 | Tax News
The recently released final regulations implementing the Inflation Reduction Act’s clean hydrogen production tax credit offer taxpayers greater flexibility, reducing risk and creating more certainty for investments in the industry, thus diminishing — but not... by usoftax_admin | Jan 13, 2025 | Tax News
President-elect Donald Trump wants to increase the $10,000 federal cap on state and local tax deductions, a House Ways and Means Committee member said Monday. by usoftax_admin | Jan 13, 2025 | Tax News
A Manhattan federal judge declined Monday to unfreeze assets on behalf of a former compliance lawyer accused of duping a bank into lending his tax lien investment firm $20 million, complicating his plan to go to trial with private counsel. by usoftax_admin | Jan 13, 2025 | Tax News
Complex regulatory changes and emerging operational risks will force family offices to stay on their toes in 2025, with timely action particularly necessary to address several tax and reporting developments that may affect their investments and business operations,... by usoftax_admin | Jan 13, 2025 | Tax News
The U.S. Supreme Court let stand Monday a Fifth Circuit decision overturning a jury ruling that a wealth management company didn’t owe $579,000 in tax penalties because an employee’s mental health problems excused the company’s failure to file... by usoftax_admin | Jan 12, 2025 | Tax News
The U.S. Supreme Court will review a Third Circuit decision allowing a woman to continue challenging what she claims was an improper application of her tax payment to her ex-husband’s bill even after the Internal Revenue Service stopped pursuing a proposed...