by usoftax_admin | Sep 5, 2024 | Tax News
Partners in a subscription business don’t owe around $70 million in taxes as the IRS claimed because the agency notified them too late and couldn’t extend the deadline by proving the partners had filed fraudulent returns, the U.S. Tax Court said in rulings... by usoftax_admin | Sep 5, 2024 | Tax News
The Senate Finance Committee will hold a hearing Sept. 12 covering the 2025 tax policy debate and tax avoidance strategies, it announced Thursday. by usoftax_admin | Sep 5, 2024 | Tax News
The American Institute of Certified Public Accountants requested Thursday that the Internal Revenue Service and U.S. Treasury Department issue guidance clarifying that new limits on business interest expenses included in the 2017 federal tax overhaul apply after an... by usoftax_admin | Sep 5, 2024 | Tax News
Two members of a crime ring who admitted to participating in a $111 million tax fraud scheme involving stealing the identities of accountants and taxpayers were sentenced to prison, according to Texas federal court documents. by usoftax_admin | Sep 5, 2024 | Tax News
The Internal Revenue Service said Thursday it is looking for comments regarding two portions of the Secure 2.0 Act of 2022 related to matching contributions paid by the U.S. Treasury Department to certain retirement savings vehicles for eligible people who make... by usoftax_admin | Sep 5, 2024 | Tax News
Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at...