by usoftax_admin | Apr 29, 2024 | Tax News
The widow of a supermarket butcher told the Eleventh Circuit that the U.S. Tax Court not only wrongly upheld tax liabilities against her stemming from her husband’s tax filings but also erroneously affirmed unconstitutional job protections for its... by usoftax_admin | Apr 29, 2024 | Tax News
Though attorneys may hesitate to ask for referral recommendations to generate new business, research shows that people want to help others they know, like and trust, so consider who in your network you should approach and how to make the ask, says Rebecca Hnatowski at... by usoftax_admin | Apr 29, 2024 | Tax News
The Internal Revenue Service must take additional steps to address noncompliant claims for biodiesel-related tax credits that resulted in the agency wrongly issuing more than $30 million in credits, the Treasury Inspector General for Tax Administration said in a... by usoftax_admin | Apr 29, 2024 | Tax News
The IRS will start taking applications May 28 from project owners seeking to get part of a $6 billion second round of tax credits for developments that will support the clean energy industry, such as solar glass manufacturing and metal recycling facilities, the agency... by usoftax_admin | Apr 29, 2024 | Tax News
The U.S. Supreme Court on Monday denied an attorney’s request for review of a ruling that allowed the Internal Revenue Service to obtain his bank account information, declining to hear his argument that the agency targeted him based on a tax analysis he posted... by usoftax_admin | Apr 29, 2024 | Tax News
The reference price for the nonconventional source production credit in calendar year 2023 — which applies to tax year 2024 — is $76.10, the Internal Revenue Service said Monday.