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IRS Corrects Regs On Direct Pay Of Partnership Tax Credit

by usoftax_admin | Dec 16, 2024 | Tax News

Internal Revenue Service issued a correction Monday to final regulations that make it easier for tax-exempt entities that co-own development projects to qualify for a direct cash payment of clean energy tax credits by electing out of their partnership tax...

LegalZoom Launches Strategic Alliance With 1-800Accountant

by usoftax_admin | Dec 16, 2024 | Tax News

LegalZoom announced Monday that it will launch a multiyear strategic partnership with financial services firm 1-800Accountant by the start of the new year.

Pillar two not close in Panama or Costa Rica: experts

by usoftax_admin | Dec 16, 2024 | Tax News

Panama has no official position on pillar two so far and a move to implement in Costa Rica will face rejection, experts tell ITR

Spanish media production and performing arts: a tax reward for supporting culture

by usoftax_admin | Dec 16, 2024 | Tax News

Javier de Rojas and Jose Ignacio Ripoll of Garrigues Madrid explain how producers and financers are increasingly taking advantage of Spain’s clarified tax credit system for film, audiovisual, and live performance financing

High Court Won’t Review Ore. Tax On Out-Of-State Co.

by usoftax_admin | Dec 16, 2024 | Tax News

The U.S. Supreme Court said Monday it will not review an Oregon Supreme Court finding that an out-of-state tobacco company was liable for state taxes, letting stand a decision that the company’s Oregon activities negated protections against state taxation in...

IRS Aims To Ramp Up Partnership Audits, Official Says

by usoftax_admin | Dec 15, 2024 | Tax News

The Internal Revenue Service plans to ramp up partnership audits in the next couple of years to boost the current audit rate of 0.05% as the agency props up a new unit that solely focuses on examining large partnerships, an agency attorney said Friday.
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