by usoftax_admin | Apr 17, 2024 | Tax News
The U.S. Treasury Department improperly allowed an estimated $22 billion in earned income tax credits during fiscal year 2023, according to a report made public Wednesday by the Government Accountability Office. by usoftax_admin | Apr 17, 2024 | Tax News
Not-for-profit insurance company EmblemHealth asked a New York federal court Wednesday to grant it a nearly $6.7 million tax refund, saying the Internal Revenue Service left a voicemail accepting its refund claim in February but still hasn’t delivered the... by usoftax_admin | Apr 17, 2024 | Tax News
A taxpayer may not claim certain clean energy credits for the amount of a subsidy provided by a public utility for the purchase or installation of energy conservation measures, the Internal Revenue Service said Wednesday. by usoftax_admin | Apr 17, 2024 | Tax News
The Internal Revenue Service didn’t abuse its discretion when it denied a New Jersey lawyer’s request for collection alternatives, the U.S. Tax Court ruled Wednesday. by usoftax_admin | Apr 17, 2024 | Tax News
The Ninth Circuit dismissed a man’s challenge to a court order that he believed allowed the government to foreclose on his property to pay his son’s tax liabilities of more than $3.9 million, saying Wednesday that the appeal was premature because the order... by usoftax_admin | Apr 17, 2024 | Tax News
A Florida federal judge agreed Wednesday to delay the trial of a Brazilian-American businessman accused of hiding $20 million from the Internal Revenue Service by using Swiss bank accounts, but told the defendant the new deadlines are firm.