by usoftax_admin | Sep 16, 2024 | Tax News
Louisiana taxpayers affected by Hurricane Francine may receive an automatic extension for filing state tax returns, the state’s Department of Revenue announced Friday. by usoftax_admin | Sep 16, 2024 | Tax News
The U.S. Treasury Department on Monday said it would not keep a rule that set a zero value for the unreported property of an estate in final regulations on the requirement that an heir’s basis in inherited property be consistent with the property’s value... by usoftax_admin | Sep 16, 2024 | Tax News
Audit trails that can be used to identify logins to an Internal Revenue Service’s database containing extensive tax records were often incomplete, according to a report by the Treasury Inspector General for Tax Administration released Monday. by usoftax_admin | Sep 16, 2024 | Tax News
Applicable federal rates for income tax purposes will decrease again in October, continuing a months-long decline, the Internal Revenue Service said Monday. by usoftax_admin | Sep 16, 2024 | Tax News
The IRS on Monday proposed expanding the definition of a “covered month” for purposes of the health insurance premium tax credit to include the first month of the grace period for which an individual does not pay the premium in full but still receives... by usoftax_admin | Sep 16, 2024 | Tax News
The Internal Revenue Service canceled a hearing on proposed rules that would flag what are known as basket option contracts as potentially abusive listed transactions, according to a notice released Monday.