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Feds Cleared To Use Undercover Recording In Atty’s Tax Trial

by usoftax_admin | Apr 10, 2024 | Tax News

Federal prosecutors trying an attorney next week on charges he orchestrated a tax fraud scheme that spanned seven states will be allowed to play for the jury an audio recording made by an undercover agent, a North Carolina federal judge ruled.

IRS Floats Alternative For Hydrogen Credit Emissions Value

by usoftax_admin | Apr 10, 2024 | Tax News

The Internal Revenue Service released guidance Wednesday that would allow hydrogen producers to pursue another method to value their emissions output — which is critical in qualifying for the clean hydrogen production tax credit — if they can’t get the...

Senate Finance Panel Schedules Hearing On IRS Budget

by usoftax_admin | Apr 10, 2024 | Tax News

The Senate Finance Committee will convene next week to discuss the Internal Revenue Service’s budget for 2025, the committee said Wednesday.

IRS Fixes Heading For Apprenticeship Credits, Deductions

by usoftax_admin | Apr 10, 2024 | Tax News

The Internal Revenue Service issued a correction notice Wednesday to fix a heading related to increased tax relief for meeting certain wage and apprenticeship requirements.

Ex-Trump Finance Chief Weisselberg Jailed For Perjury

by usoftax_admin | Apr 10, 2024 | Tax News

A New York state judge on Wednesday sentenced former Trump Organization Chief Financial Officer Allen Weisselberg to five months in jail for lying under oath in the attorney general’s civil fraud case against Donald Trump and his business associates, imprisoning...

NYC Developers Blame Tax Break Loss For Apartment Slump

by usoftax_admin | Apr 9, 2024 | Tax News

The foundation application filings for multifamily housing in New York City declined significantly in March, which signifies a decline that began after the city’s 421-A tax break expired in June 2022, the NYC developer trade group Real Estate Board of New York...
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