by usoftax_admin | May 21, 2024 | Tax News
Senate Democrats want to create tax-advantaged savings accounts to help children save from the time they are born, they said during a Finance Committee hearing Tuesday, but their Republican counterparts are unlikely to support proposals to create the accounts,... by usoftax_admin | May 21, 2024 | Tax News
The House Ways and Means Committee is asking members of the public to share how increased taxes brought on by the possible expiration of the 2017 federal tax overhaul would impact them, the committee’s Republican members said Tuesday. by usoftax_admin | May 21, 2024 | Tax News
Energy company Valero is seeking $37 million in tax refunds for biomass fuel mixtures it said should’ve qualified for the alternative fuel tax credit and for claimed overpayments of crude tax, according to a complaint in Texas federal court. by usoftax_admin | May 21, 2024 | Tax News
The Internal Revenue Service’s process for auditing returns claiming refundable tax credits uses a measurement that may introduce unintentional bias against Black and low-income people into its automated selection system, according to a Government Accountability... by usoftax_admin | May 21, 2024 | Tax News
The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking. by usoftax_admin | May 21, 2024 | Tax News
The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in the latter half of the coming year.