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Wis. Couple Must Pay $1.5M In Back Taxes, US Tells Court

by usoftax_admin | Apr 1, 2024 | Tax News

A Wisconsin federal court should force a couple who owe more than $1.5 million in back taxes to pay up, the U.S. government said.

Manhattan DA Says Trump Violated Hush Money Gag Order

by usoftax_admin | Mar 31, 2024 | Tax News

Donald Trump may have already violated a New York state judge’s gag order in the former president’s hush money case by impugning the judge’s daughter on social media, Manhattan prosecutors said, while Trump’s attorneys say prosecutors are...

Petition Watch: Off-Label Ads, Retiree Discrimination & PPE

by usoftax_admin | Mar 31, 2024 | Tax News

A Utah attorney has asked the U.S. Supreme Court to determine whether allegedly retaliatory IRS summonses can be quashed, and two former pharmaceutical executives are challenging the constitutionality of their convictions for marketing the off-label use of a drug....

100 Projects Get Share Of $4B In Advanced Energy Tax Credits

by usoftax_admin | Mar 29, 2024 | Tax News

More than 100 projects across 35 states received a share of the $4 billion in tax credit funding that incentivizes investment in new or refurbished facilities that manufacture critical products and materials that support the clean energy supply chain, the U.S....

APA Work Doubled In 2023, IRS Report Says

by usoftax_admin | Mar 29, 2024 | Tax News

The Internal Revenue Service finalized more than twice as many advance pricing agreements for U.S. multinational corporations in 2023 than in the previous year, according to an agency report released Friday.

What To Know About IRS’ New Jet Use Audit Campaign

by usoftax_admin | Mar 29, 2024 | Tax News

The Internal Revenue Service recently announced plans to open several dozen audits scrutinizing executive use of company jets, so companies should be prepared to show the business reasons for travel, and how items like imputed income and deduction disallowance were...
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