by usoftax_admin | Apr 10, 2024 | Tax News
The chairman and the ranking member of the House Small Business Committee both urged the Senate on Wednesday to pass the tax bill held up by Republican senators, saying continuing to delay the proposal’s package would further burden small businesses. by usoftax_admin | Apr 10, 2024 | Tax News
A now-retired plastic surgeon owes the Internal Revenue Service more than $7.7 million after he ran an offshore employee leasing scheme and he and his wife transferred nearly all their assets to their then-11-year-old daughter, who is now a lawyer, the government told... by usoftax_admin | Apr 10, 2024 | Tax News
Eighth Circuit judges seemed skeptical Wednesday of a retired Harvard law professor’s efforts to force the IRS to reveal its techniques for questioning fraud suspects, with two of three judges on a panel highlighting the potential to prevent identity theft by... by usoftax_admin | Apr 10, 2024 | Tax News
Iowa would lower the rate of tax imposed on some captive insurance companies’ reinsurance premiums under a bill unanimously approved by the state Senate and headed to the governor. by usoftax_admin | Apr 10, 2024 | Tax News
Two sets of proposed regulations issued by the IRS provide guidance on the implementation of the new excise tax and on rules for the procedure and administration applicable to the reporting and payment of the tax. by usoftax_admin | Apr 10, 2024 | Tax News
Kentucky’s governor vetoed provisions in an omnibus tax bill that would have offered a tax amnesty program and created a sales tax exemption for metal bullion.