by usoftax_admin | May 14, 2024 | Tax News
The Internal Revenue Service will reduce the cost to apply for or renew a preparer tax identification number by nearly 50%, the agency said in a final rule released Tuesday. by usoftax_admin | May 13, 2024 | Tax News
A New Jersey man who was convicted of dodging taxes on more than $16 million he stole from securities fraud victims was handed a six-year prison sentence — most of which will be served simultaneously with his fraud sentence — and ordered to pay over $6 million in... by usoftax_admin | May 13, 2024 | Tax News
Congress exceeded its authority in passing the Corporate Transparency Act, which prompted the U.S. Treasury Department to solicit personal information for law enforcement purposes from those that registered and owned state-registered entities, a small-business group... by usoftax_admin | May 13, 2024 | Tax News
Federal regulators are telling the D.C. Circuit to ignore a recent settlement that will allow a Phoenix-based church to continue using ayahuasca in its ceremonies, saying it has nothing to do with the Iowa-based ayahuasca church challenging the IRS’s refusal to... by usoftax_admin | May 13, 2024 | Tax News
The House Ways and Means Committee will vote Wednesday on a package of bills that would increase scrutiny of foreign donations to tax-exempt organizations, including legislation that would require those organizations to publicly report the donations, the Joint... by usoftax_admin | May 13, 2024 | Tax News
The U.S. Senate should act quickly to renew a provision allowing research and development expenses to be immediately deductible, a coalition of businesses told the chamber’s leaders in a letter Monday.