by usoftax_admin | Sep 24, 2024 | Tax News
The Internal Revenue Service collected more than $226,000 in levy payments in the 2023 fiscal year in collection due process cases that involved prohibited levies, but affected taxpayers were made whole, according to a watchdog report released Tuesday. by usoftax_admin | Sep 24, 2024 | Tax News
A review of more than 48,000 levies issued by IRS field collection officers from July 2022 through June 2023 found that they were mostly compliant with both legal and administrative requirements, but the Treasury Inspector General for Tax Administration identified... by usoftax_admin | Sep 24, 2024 | Tax News
Montana has adopted regulations to implement legislation enacted in 2021 and 2023 that made substantive changes to the state’s individual income tax under regulatory updates adopted by the state Department of Revenue, according to a notice published in the state... by usoftax_admin | Sep 24, 2024 | Tax News
Ohio would define “sleeping accommodation” and “transient guests” to carry out provisions of state sales tax law governing transactions between hotels and guests as part of regulations proposed by the state Department of Taxation. by usoftax_admin | Sep 24, 2024 | Tax News
The U.S. Treasury Department and the Internal Revenue Service intend to release rules “later this year” on additional reporting requirements for brokers of digital assets such as cryptocurrency and nonfungible tokens, a senior Treasury attorney said... by usoftax_admin | Sep 24, 2024 | Tax News
Senate Finance Committee Chairman Ron Wyden and a House Democratic tax writer proposed legislation that would provide small-business wage and investment tax credits, according to a Tuesday statement.