by usoftax_admin | Nov 13, 2024 | Tax News
Congress could include disaster-related tax fraud and a legislative fix in a year-end package to address rampant fraud associated with the employee retention tax credit, staffers for the House Ways and Means and Senate Finance committees said Wednesday. by usoftax_admin | Nov 13, 2024 | Tax News
The Internal Revenue Service’s timeline for producing final regulations for the corporate alternative minimum tax will depend on priorities set by whomever President-elect Donald Trump picks to lead the U.S. Department of the Treasury, an IRS official said... by usoftax_admin | Nov 13, 2024 | Tax News
The Senate Finance Committee will hold a hearing Thursday to consider the nomination of David Samuel Johnson to be the inspector general for tax administration, Senate Finance Committee Chairman Ron Wyden, D-Ore., announced Wednesday. by usoftax_admin | Nov 13, 2024 | Tax News
South Africa’s National Treasury is looking for public comments on proposed adjustments to its carbon tax regime, including cutting the basic tax-free threshold for emissions by more than half over the next decade, it said Wednesday. by usoftax_admin | Nov 13, 2024 | Tax News
An 86-year-old former college professor’s penalty of $545,000 for failing to report foreign bank accounts is excessive and violates the Eighth Amendment, he told a California federal court. by usoftax_admin | Nov 13, 2024 | Tax News
Third Circuit judges seemed mostly skeptical of overturning an extension to the prison sentence of a Philadelphia cheesesteak shop owner who admitted to paying employees off the books, saying during oral arguments it was unclear whether the employees should be...