by usoftax_admin | Apr 30, 2024 | Tax News
The state of Arizona can’t sue the federal government to litigate the personal claims of its taxpayers, the Internal Revenue Service told a federal court in an effort to dismiss a bid by the state to exempt state tax rebates from federal income taxes. by usoftax_admin | Apr 30, 2024 | Tax News
A North Carolina federal judge has denied acquittal requests from two tax attorneys and an insurance agent who were convicted for their roles in a $4 million tax avoidance scheme, saying he agreed with federal prosecutors who argued there was sufficient evidence for... by usoftax_admin | Apr 30, 2024 | Tax News
Federal drug enforcers will recommend loosening restrictions on cannabis for the first time since the drug was made federally illegal decades ago, the U.S. Department of Justice announced Tuesday. by usoftax_admin | Apr 30, 2024 | Tax News
The Internal Revenue Service released guidance Tuesday that updated an environmental model that manufacturers of a low-carbon alternative to conventional jet fuel, such as ethanol, can use to qualify for a new tax credit and provided a safe harbor for producers to... by usoftax_admin | Apr 30, 2024 | Tax News
From a look at House GOP efforts to prepare for next year’s expiration of their 2017 tax overhaul to ongoing attempts by lawmakers to draw attention and support for their own tax legislation, here’s a peek into a reporter’s notebook on a few of the... by usoftax_admin | Apr 30, 2024 | Tax News
A Boston federal judge on Tuesday rejected what he called an “imaginative and novel” effort by a former Massachusetts politician to dismiss charges of lying to get COVID-19 relief funds and underreporting income on his taxes.