by usoftax_admin | May 3, 2024 | Tax News
The Internal Revenue Service expects the U.S. Department of Energy to update a model used to determine eligibility for the new clean hydrogen production tax credit under recently proposed rules, an IRS attorney said Friday. by usoftax_admin | May 3, 2024 | Tax News
Attempts by the Internal Revenue Service to expand operations to economically distressed areas in the Mississippi Delta have fallen well short of a goal of hiring 160 employees by the end of fiscal 2024, the Treasury Inspector General for Tax Administration said in a... by usoftax_admin | May 3, 2024 | Tax News
A company that fills medical testing orders for its customers is nonetheless not a business involved in performing services in the health field for certain tax purposes, the Internal Revenue Service said in a private letter ruling released Friday. by usoftax_admin | May 3, 2024 | Tax News
The Internal Revenue Service could again extend the penalty waiver for companies that fail to make estimated quarterly payments of the corporate alternative minimum tax, an agency official said Friday. by usoftax_admin | May 3, 2024 | Tax News
The U.S. trade representative’s withdrawal of support for digital trade proposals has caused tax policy observers to worry that the U.S. position on trade is undermining that of U.S. Treasury Department officials negotiating a taxing rights overhaul at the OECD... by usoftax_admin | May 3, 2024 | Tax News
The IRS aims to improve service on the tax practitioner phone line and build a better online account for tax professionals, Commissioner Danny Werfel said Thursday.