by usoftax_admin | May 2, 2024 | Tax News
The U.S. Treasury Department recently floated regulations that narrow an earlier proposal aimed at preventing foreign-parented corporations from circumventing a new excise tax on stock buybacks, but the regulations still characterize avoidance in ways that could... by usoftax_admin | May 2, 2024 | Tax News
Taxpayers considering protective refund claims pending resolution of major questions in tax cases like Moore v. U.S., which is pending before the U.S. Supreme Court, should understand how doing so may also leave them vulnerable to an excessive refund claim penalty... by usoftax_admin | May 2, 2024 | Tax News
A 14-acre property should be classified as agricultural, as the owner proved the land’s main use was farming, the Massachusetts Appellate Tax Board said in a ruling released Thursday. by usoftax_admin | May 2, 2024 | Tax News
The Senate’s top tax writer told Intuit’s CEO that the company needs to help taxpayers in Oregon, the senator’s home state, receive the full refunds they’re entitled to after a reported error in its TurboTax product caused some Oregonians to... by usoftax_admin | May 2, 2024 | Tax News
Nixon Peabody LLP has hired two partners, who will focus their practices on helping nonprofits and other clients understand and obtain tax credits for a range of community development projects, to its community development finance practice in Washington, D.C., the... by usoftax_admin | May 2, 2024 | Tax News
A former chief public defender in Minneapolis who in seeking leniency said he resigned in disgrace amid accusations that he failed to pay taxes for years on his private law firm should nonetheless spend eight months in prison after pleading guilty, prosecutors told a...