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Applicable Federal Rates Set To Increase Again In Jan.

by usoftax_admin | Dec 16, 2024 | Tax News

Applicable federal rates for income tax purposes will increase across the board in January, a second straight month of increases after a string of months that saw declining rates, the Internal Revenue Service said Monday.

Justices Won’t Review Man’s Demand For Dad’s Tax Info

by usoftax_admin | Dec 16, 2024 | Tax News

The U.S. Supreme Court on Monday let stand a D.C. Circuit decision tossing a man’s suit against the IRS for withholding his dead father’s tax records, a ruling the man claimed had deepened a circuit split over the correct process for obtaining personal tax...

Ohio Tax Board Floats Regs To Streamline Appeal Resolution

by usoftax_admin | Dec 16, 2024 | Tax News

The Ohio Board of Tax Appeals proposed a regulation amendment to clarify its authority to issue orders in response to several common, rarely contested types of filings and streamline the resolution of tax disputes in such cases.

The due date for Polish minimum CIT is fast approaching

by usoftax_admin | Dec 16, 2024 | Tax News

Konrad Medoliński of MDDP provides an overview of the key provisions governing the Polish minimum corporate income tax and highlights critical upcoming deadlines

Mich. Appeals Court OKs Poverty Tax Break For Resident

by usoftax_admin | Dec 16, 2024 | Tax News

A Michigan resident qualified for a poverty tax break on property taxes, the state Court of Appeals ruled, saying the state Tax Tribunal incorrectly relied on the federal poverty guidelines instead of its own alternative income guidelines under state law.

IRS Issues Corp. Bond Monthly Yield Curve For Dec.

by usoftax_admin | Dec 16, 2024 | Tax News

The Internal Revenue Service published the corporate bond monthly yield curve for December for use in calculations for defined benefit plans Monday, as well as corresponding segment rates and other related provisions.
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