by usoftax_admin | Dec 14, 2024 | Tax News
The Internal Revenue Service’s criminal arm is still in the early stage of investigating the most extremely fraudulent claims of a tax credit intended to reward businesses for retaining employees during the COVID-19 pandemic, an official said Saturday. by usoftax_admin | Dec 13, 2024 | Tax News
The IRS is providing relief from penalties imposed solely for failure to furnish Part IV of Form 8308 for partnerships by Jan. 31, 2025, if a partnership meets certain requirements. by usoftax_admin | Dec 13, 2024 | Tax News
The U.S. Supreme Court plans to examine whether a group of Catholic charities is exempt from Wisconsin’s unemployment tax, agreeing Friday to review a state Supreme Court finding that the organizations are not operated primarily for religious purposes. by usoftax_admin | Dec 13, 2024 | Tax News
The Internal Revenue Service plans to wrap up processing next year for thousands of claims for tax credits meant to provide incentives for businesses that retained employees during the COVID-19 pandemic, agency Commissioner Daniel Werfel said Friday. by usoftax_admin | Dec 13, 2024 | Tax News
The Organization for Economic Cooperation and Development said Friday that it is looking for feedback on proposed guidance for tax administrations looking to set up ring-fencing measures for mining operations in order to limit investors’ ability to offset... by usoftax_admin | Dec 13, 2024 | Tax News
North Carolina’s $6 million cap on cigarette export tax credits limits only the credits that can be claimed in a year, not the amount of credit that can be generated, the North Carolina Supreme Court ruled Friday, handing a victory to tobacco giant Philip...