by usoftax_admin | Jun 13, 2024 | Tax News
The IRS issued a notice extending earlier relief for a corporation’s failure to pay the part of estimated income tax attributable to the revised corporate alternative minimum tax. by usoftax_admin | Jun 13, 2024 | Tax News
The Senate Finance Committee overwhelmingly approved Thursday the nominations of three judges for the U.S. Tax Court and a new inspector general for the U.S. Department of the Treasury, a post that has lacked a Senate-confirmed nominee for five years. by usoftax_admin | Jun 13, 2024 | Tax News
The Internal Revenue Service’s intended ramping up of enforcement on wealthy people, large corporations and complex partnerships may not have a meaningful impact in the short term because of challenges in hiring and training people to do the work. by usoftax_admin | Jun 13, 2024 | Tax News
Though Canada’s proposed capital gains tax increase would be another positive development for a country that has largely fared well in its pandemic rebound, the country should consider more avenues to raise revenue, the International Monetary Fund said. by usoftax_admin | Jun 13, 2024 | Tax News
A partnership’s tax deduction for its donation of a conservation easement should not be limited to its adjusted basis in the property, the partnership told the Eleventh Circuit in urging it to overturn a U.S. Tax Court decision that it claims will hurt... by usoftax_admin | Jun 13, 2024 | Tax News
The story behind President Joe Biden’s son Hunter Biden’s conviction on federal gun charges started with a gun purchase in 2018, was complicated by a laptop repair in 2019, and could bleed into an upcoming trial on federal tax charges in California in...