by usoftax_admin | Sep 25, 2024 | Tax News
Vice President Kamala Harris, the Democratic nominee for president, announced a proposal Wednesday that would offer tax credits to boost investment and job creation in manufacturing, energy and agriculture. by usoftax_admin | Sep 25, 2024 | Tax News
The Internal Revenue Service should speed up payments of employee retention credit claims and prioritize paying low-risk credits to taxpayers that are struggling financially, two Democratic senators told the agency’s commissioner. by usoftax_admin | Sep 25, 2024 | Tax News
While a review of over 70 cases in which Internal Revenue Service field officers conducted seizures found the employees largely adhered to standard procedures, three cases where they did not highlight areas where the agency could improve its compliance, the Treasury... by usoftax_admin | Sep 25, 2024 | Tax News
A number of countries should look to eliminate distortive tax expenses as well as increase their revenue from certain taxes to help manage debt sustainability and make their economies more supportive of growth, the Organization for Economic Cooperation and Development... by usoftax_admin | Sep 25, 2024 | Tax News
Julie Chrisley, the former real estate mogul and reality TV star who was convicted of running a yearslong bank fraud scheme with her husband, Todd, was resentenced Wednesday by a Georgia federal judge to the same seven-year prison term she first received nearly two... by usoftax_admin | Sep 25, 2024 | Tax News
In Varian v. Commissioner, the U.S. Tax Court allowed a taxpayer’s deduction for dividends from foreign subsidiaries, providing clarity on how the U.S. Supreme Court’s Loper Bright decision may affect challenges to Treasury regulations, and revealing a potential...