by usoftax_admin | Sep 26, 2024 | Tax News
California reinstated a capital investment incentive program that allows local governments to offer partial property tax abatements for qualified manufacturing facilities and expanded the program to include qualifying projects that make lower initial investments under... by usoftax_admin | Sep 26, 2024 | Tax News
The Montreal Exchange is a qualified board or exchange for purposes of mark-to-market contracts under Internal Revenue Code Section 1256(g)(7)(C), the Internal Revenue Service said Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
The Pennsylvania Commonwealth Court erred in sending a charter school’s retroactive property tax appeal back to a county board, because the charter school had failed to exhaust statutory remedies, the state Supreme Court ruled Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
The Internal Revenue Service has started a supplemental claim filing process to allow third-party payers who handle tax and payroll reporting for clients to fix incorrect unprocessed claims for the employee retention credit, the agency said Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
The Internal Revenue Service needs to provide guidance for private collection agency employees for cases in which taxpayers request a representative, such as an attorney, while on a call, the Treasury Inspector General for Tax Administration said Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
While the Internal Revenue Service increased its hiring by 41% between fiscal years 2022 and 2023, it took longer than the agency’s 80-day target to hire over 35% of the nearly 53,000 new employees due to numerous problems, the Treasury Inspector General for Tax...