by usoftax_admin | Dec 3, 2024 | Tax News
The Internal Revenue Service and U.S. Treasury Department announced Tuesday that they will not hold a hearing on a proposed expanded definition of a “coverage month” for purposes of computing the health insurance premium tax credit after receiving no... by usoftax_admin | Dec 3, 2024 | Tax News
Treasury and the Internal Revenue Service said Tuesday that they will accept comments on proposed rules for the new 15% corporate alternative minimum tax on corporations with reported profits of $1 billion or more until Jan. 16, a roughly one-month extension from the... by usoftax_admin | Dec 3, 2024 | Tax News
The owner of a tax business who also ran an insurance company the government says provided fraudulent vehicle registrations for unauthorized immigrants was sentenced to three years in prison for failing to pay more than $1 million in taxes, federal authorities in... by usoftax_admin | Dec 2, 2024 | Tax News
Russia urged a D.C. federal judge to pause a case against it by a Yukos Oil Co. unit seeking to enforce $5 billion in arbitral awards, saying Monday four parallel Foreign Sovereign Immunities Act cases are pending before the Supreme Court and the D.C. Circuit. that... by usoftax_admin | Dec 2, 2024 | Tax News
President Joe Biden’s pardon of his son over the weekend marks the latest example of a special counsel investigation fizzling and raises doubts over the future use of such probes, which can drag on for years and cost taxpayers millions of dollars. by usoftax_admin | Dec 2, 2024 | Tax News
The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the special rules applying to a partner related to another partner.