by usoftax_admin | Nov 12, 2024 | Tax News
The U.S. Treasury Department still plans to finalize remaining clean energy tax credit regulations by the end of this year despite President-elect Donald Trump’s campaign promise to unravel the 2022 climate law that enacted them, a Treasury spokesperson told... by usoftax_admin | Nov 12, 2024 | Tax News
The former corporate officer of a now-defunct Massachusetts company didn’t overpay on his outstanding tax liability despite entering into a settlement agreement with the Internal Revenue Service, a state appeals court said Tuesday. by usoftax_admin | Nov 12, 2024 | Tax News
A Georgia high school teacher’s claim that roughly $86,000 in income he received didn’t qualify as wages was not just incorrect but frivolous, the U.S. Tax Court said Tuesday, upholding the IRS’ determination that he owed taxes on that income as well... by usoftax_admin | Nov 12, 2024 | Tax News
An insurance agent convicted of conspiracy and tax crimes in a multimillion-dollar tax avoidance scheme told a North Carolina federal court ahead of his sentencing, scheduled for Wednesday, that the 78-month prison sentence recommended by prosecutors is harsher than... by usoftax_admin | Nov 12, 2024 | Tax News
The U.S. Treasury Department’s Financial Crimes Enforcement Network will host a free webinar Nov. 19 to aid companies that need to file their initial beneficial ownership information under the Corporate Transparency Act by the start of 2025. by usoftax_admin | Nov 11, 2024 | Tax News
The government’s move is potentially the most seismic shift to VAT since it was first introduced, one expert argues