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AI and transfer pricing: a perfect partnership?

by usoftax_admin | May 21, 2024 | Tax News

AI will speed up some of the most laborious TP processes without making human input redundant, argues Hank Moonen, CEO of TaxModel

Ex-IRS Agent, Five Others Sentenced In COVID Fraud Scheme

by usoftax_admin | May 20, 2024 | Tax News

A former Internal Revenue Service agent, his brother and four other defendants have pled guilty to participating in a scheme that netted more than $3 million in fraudulent COVID-19 pandemic relief loans.

Transparency Act Violates Constitution, Groups Tell 11th Circ.

by usoftax_admin | May 20, 2024 | Tax News

The Corporate Transparency Act’s reporting requirements violate the Fifth Amendment’s protection against self-incrimination and other constitutional provisions, libertarian think tank Cato Institute and others said Monday in urging the Eleventh Circuit to...

Opportunity Zones Helped Restore Pa. City, House Panel Told

by usoftax_admin | May 20, 2024 | Tax News

The Tax Cuts and Jobs Act’s provisions, especially the law’s opportunity zones aimed at boosting economic investment in distressed communities, have been integral in the economic restoration of Erie, Pennsylvania, panelists told the House Ways and Means...

Lawmakers Ask IRS For Broader, Permanent Free E-File Plan

by usoftax_admin | May 20, 2024 | Tax News

More than 135 Democratic and Independent members of Congress urged Internal Revenue Commissioner Daniel Werfel and Treasury Secretary Janet Yellen in a letter to expand the IRS’ pilot program for free electronic tax return filing and make it permanent.

2 House GOP Chairs Seek Study Of Premium Tax Credit Plan

by usoftax_admin | May 20, 2024 | Tax News

The Republican chairmen of the House Ways and Means and Budget committees want the Congressional Budget Office and Joint Committee on Taxation to study the impact of making the expanded Affordable Care Act premium tax credits permanent.
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