by usoftax_admin | Sep 23, 2024 | Tax News
The safe harbor for the bonus clean energy tax credits’ domestic content rules applies to all applicable project owners, including tax-exempt entities that are eligible to get a direct cash payment of the credits, a U.S. Treasury Department attorney said... by usoftax_admin | Sep 23, 2024 | Tax News
A South Carolina administrative law judge denied a request from CarMax to revisit his decision that the company used intercompany transactions to distort an entity’s business activity and thus its tax burden in the state. by usoftax_admin | Sep 23, 2024 | Tax News
The U.S. Treasury Department will soon release additional guidance on penalties for clean energy developers that initially failed to meet the prevailing wage requirements tied to claiming bonus tax credits on their development projects, a Treasury attorney said... by usoftax_admin | Sep 23, 2024 | Tax News
A California bill that would have provided purchasers of manufacturing equipment with state tax credits equal to the amount of nonexempt sales and use taxes paid on the purchase of equipment was vetoed by Gov. Gavin Newsom. by usoftax_admin | Sep 23, 2024 | Tax News
An analysis of over 1,800 former Internal Revenue Service contractors who were incorrectly listed as active found a number of them still possessed network permissions, IRS hardware or identification cards giving them access to agency facilities, the Treasury Inspector... by usoftax_admin | Sep 23, 2024 | Tax News
The Internal Revenue Service’s Wage and Investment, Small Business/Self-Employed and Tax Exempt and Government Entities divisions are generally not using the results of their customer service surveys to make improvements to their operations, the Treasury...