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IRS Monitoring Of Cloud IT Security Lacking, TIGTA Says

by usoftax_admin | Sep 13, 2024 | Tax News

An audit of the IRS’ cloud computing systems found that the agency was lacking in several areas, including not keeping up with systems to maintain the security of cloud computing services, according to a report released Friday by the Treasury Inspector General...

Treasury Proposes Rules Defining Tax-Exempt Tribal Benefits

by usoftax_admin | Sep 13, 2024 | Tax News

Treasury and the Internal Revenue Service released proposed rules Friday that would define what qualifies as tribal welfare benefits exempt from taxable income.

Wash. Biz Group Dues Weren’t Deductible From Gross Income

by usoftax_admin | Sep 13, 2024 | Tax News

The Better Business Bureau isn’t entitled to a refund of business and occupation taxes paid to the Washington Department of Revenue in 2017, an appeals court affirmed, agreeing with the department that membership dues weren’t deductible from gross...

HMRC Seeks Comments On Top-Up Tax Guidance

by usoftax_admin | Sep 13, 2024 | Tax News

HM Revenue & Customs is seeking comments on new draft guidance on the multinational top-up tax as part of implementing the global minimum corporate tax rate.

IRS Extends La. Tax Deadlines For Francine Storm Victims

by usoftax_admin | Sep 13, 2024 | Tax News

Victims of Hurricane Francine throughout Louisiana will have more time to file some tax returns and make estimated payments, the Internal Revenue Service announced Friday.

EU Finance Ministers Boycott Hungary Meeting Over Russia

by usoftax_admin | Sep 13, 2024 | Tax News

Most European Union finance ministers protested on Friday against what they see as Hungary’s Russia-friendly politics by boycotting a meeting with their EU peers in the country’s capital, Budapest.
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