by usoftax_admin | Jan 10, 2025 | Tax News
Treasury and the IRS released guidance Friday for producers of transportation fuel hoping to qualify for the newly available clean fuels production tax credit, saying they plan to release rules clarifying which entities qualify for the credit and how producers can... by usoftax_admin | Jan 10, 2025 | Tax News
The Internal Revenue Service floated rules Friday for catch-up contributions made possible by the 2022 retirement law known as Secure 2.0, including the requirement that contributions made by certain participants be designated Roth contributions. by usoftax_admin | Jan 10, 2025 | Tax News
The Internal Revenue Service issued final regulations and guidance Friday for a 2008 tax on gifts and bequests made by current or former U.S. citizens living abroad to U.S. citizens or residents, including through foreign trusts. by usoftax_admin | Jan 10, 2025 | Tax News
The Internal Revenue Service released final rules Friday that target abusive tax avoidance by large partnerships using basis shifting, requiring partnerships to report certain transactions among related members, including transactions that result from tax-free... by usoftax_admin | Jan 10, 2025 | Tax News
Transactions involving digital content and cloud computing will be classified using a new predominant character test, according to final rules issued Friday by the Internal Revenue Service and the U.S. Department of the Treasury. by usoftax_admin | Jan 10, 2025 | Tax News
Baker McKenzie’s survey of 600 corporate counsel also found that global employee mobility issues were a key driver of tax controversy