by usoftax_admin | Jun 28, 2024 | Tax News
From a look at an upcoming vote on IRS funding for fiscal 2025 to an analysis of GOP claims that tax incentives in the 2017 Tax Cuts and Jobs Act benefited Black Americans, here’s a peek into a reporter’s notebook on a few of the week’s developing... by usoftax_admin | Jun 28, 2024 | Tax News
Brokers of digital assets such as cryptocurrency and non-fungible tokens will face tax reporting requirements for the first time similar to those for brokers of securities and other financial instruments under final regulations issued Friday by the Internal Revenue... by usoftax_admin | Jun 28, 2024 | Tax News
Real estate investment trusts and regulated investment companies may be able to avoid the stock buyback tax but would still be required to keep records under final regulations on reporting and paying the tax released by Treasury and the IRS Friday. by usoftax_admin | Jun 28, 2024 | Tax News
Montana will carry out recently enacted legislation that eliminated a requirement for a so-called water’s-edge return to include income and apportionment factors from corporate affiliates incorporated in a now-defunct list of tax havens under regulatory updates... by usoftax_admin | Jun 28, 2024 | Tax News
The IRS is moving quickly to finalize partnership rules that target abusive tax avoidance using basis shifting within related partnerships, the agency’s top attorney said Friday, asking practitioners to weigh in on the rulemaking so enforcement can properly... by usoftax_admin | Jun 28, 2024 | Tax News
As state legislatures hurried to pass bills and finish sessions before the end of the fiscal year, and courts handed down several key decisions, June was a consequential month in the state tax world. Here, Law360 presents key state and local tax developments to know...