by usoftax_admin | May 17, 2024 | Tax News
The Hobby Distillers Association said the federal government is exceeding its constitutional powers and treading on states’ rights by banning homemade liquor under its taxing authority, as the group laid out its position Friday at the request of a Texas federal... by usoftax_admin | May 17, 2024 | Tax News
A Michigan doctor incarcerated for civil contempt in a case in which he was ordered to repay more than $1 million in penalties for failure to report foreign accounts should be freed because he can no longer satisfy the terms of his release, he told a Michigan federal... by usoftax_admin | May 17, 2024 | Tax News
The Corporate Transparency Act is unconstitutional because it does not regulate interstate commerce yet mandates that state-registered entities disclose personal information, a conservative group affiliated with the billionaire Koch brothers told the Eleventh Circuit... by usoftax_admin | May 17, 2024 | Tax News
An electronic-sweepstakes kiosk salesman from Chicago should spend more than two years in prison for submitting false tax returns that fabricated more than $400,000 in business expenses and more than $60,000 in church donations, federal prosecutors told an Illinois... by usoftax_admin | May 17, 2024 | Tax News
The U.S. Treasury Department’s new guidance on bonus tax credits for clean energy projects that source domestic-made materials and components aims to simplify the process for determining eligibility and spur more development to get those extra incentives. by usoftax_admin | May 17, 2024 | Tax News
Political uncertainty about the Internal Revenue Service’s future funding hasn’t affected the agency’s operations planning, the agency’s deputy commissioner said Friday at a Tax Council Policy Institute conference in Washington, D.C.