by usoftax_admin | Oct 3, 2024 | Tax News
Vice presidential candidates Sen. J.D. Vance, R-Ohio, and Gov. Tim Walz, D-Mich., laid out their plans for federal tax cuts to create affordable housing and child care, spark new business growth and increase manufacturing during a nationally televised debate Tuesday... by usoftax_admin | Oct 2, 2024 | Tax News
BlackBerry Ltd. won’t pay taxes on $17.1 million in research and development services it procured from its U.S. affiliates because the services don’t fit the definition of foreign accrual property income, the Tax Court of Canada ruled. by usoftax_admin | Oct 2, 2024 | Tax News
A New York man has been charged with intercepting an unnamed Connecticut investment firm’s $810,337 tax refund and then impersonating an executive of the company to steal most of it. by usoftax_admin | Oct 2, 2024 | Tax News
The IRS has made multiple improvements to address false claims for the COVID-19-era employee retention credit, including updating messaging and beefing up certain tax return filters to identify problematic claims, but there is still room for improvement, the Treasury... by usoftax_admin | Oct 2, 2024 | Tax News
The IRS may need to redirect funds from its 2022 funding boost intended for agency improvements in order to cover routine operations, reducing funds available for planned upgrade projects, due to the stopgap appropriations bill Congress passed last week. by usoftax_admin | Oct 2, 2024 | Tax News
A senior home on Martha’s Vineyard is exempt from property taxes, a Massachusetts tax panel said in a decision released Wednesday, ruling that the owner, a charitable nonprofit, had a sufficient presence at the property for the exemption.