by usoftax_admin | Apr 14, 2025 | Tax News
The White House’s Department of Government Efficiency cut nine IRS guidance documents Monday that it said were unnecessary because they were obsolete, outdated or covered by other rules and regulations, including one related to a topic addressed by the Tax Cuts... by usoftax_admin | Apr 14, 2025 | Tax News
Individuals with taxable estates can optimize the benefits of estate planning strategies like spousal lifetime access trusts by setting them up before increases in estate and gift tax exemptions under the 2017 Tax Cuts and Jobs Act sunset in January, say attorneys at... by usoftax_admin | Apr 14, 2025 | Tax News
The U.S. government objected Monday to releasing an unredacted copy of a tax-information-sharing agreement between the IRS and immigration enforcement agencies sought by groups seeking to block the disclosure, telling a D.C. federal court that it would reveal... by usoftax_admin | Apr 14, 2025 | Tax News
Taxpayers in Tennessee and Arkansas will have until Nov. 3 to file individual and business tax returns and make payments after the states were hit by severe storms and tornadoes this month, the Internal Revenue Service said Monday. by usoftax_admin | Apr 14, 2025 | Tax News
Trustees of a California property and the IRS agreed to settle a nearly $1 million tax refund dispute over whether the property was being used for business and whether the trust was therefore allowed to carry back operating losses generated in 2017 and 2018. by usoftax_admin | Apr 14, 2025 | Tax News
The Internal Revenue Service on Monday canceled a hearing scheduled for April 28 on proposed rules for obtaining tax credits for commercial green vehicles under provisions of the Inflation Reduction Act.