by usoftax_admin | Apr 29, 2024 | Tax News
The Kansas Senate fell one vote short Monday in its attempt to override the governor’s veto of legislation that sought to cut taxes for individuals, banks and property owners, with some Republicans joining Democrats who opposed the plan’s estimated $460... by usoftax_admin | Apr 29, 2024 | Tax News
Advocates for nonprofits want Congress to revive an above-the-line charitable contribution deduction this year in order to reverse a continuing drop in donations, but prospects for enactment appear limited until an end-of-year tax package. by usoftax_admin | Apr 29, 2024 | Tax News
The former chief operating officer of a Missouri-based healthcare charity was sentenced to three years in prison Monday after admitting she and her husband, the charity’s ex-chief financial officer, conspired to bribe elected officials in Arkansas, according to... by usoftax_admin | Apr 29, 2024 | Tax News
A Colorado federal court can force a widow to send $2.5 million from a Swiss bank to the U.S. to repay her late husband’s penalties and interest for failing to report his foreign accounts, the U.S. told the court. by usoftax_admin | Apr 29, 2024 | Tax News
The American Institute of Certified Public Accountants asked the Internal Revenue Service to clarify regulations impacting the treatment of employees under Section 401(k) of the Internal Revenue Code, according to a letter made public Monday. by usoftax_admin | Apr 29, 2024 | Tax News
A Maryland woman’s request for a face-to-face meeting with the Internal Revenue Service was properly rejected after she failed to meet the proper prerequisites, the U.S. Tax Court ruled Monday.