by usoftax_admin | Mar 26, 2024 | Tax News
The United Nations’ ad hoc committee tasked with determining a global tax framework must clarify the goals of its project “as soon as possible,” the Netherlands’ government said in a letter that included suggestions on how the body could... by usoftax_admin | Mar 25, 2024 | Tax News
The so-called three pillars in proposed clean hydrogen production tax credit rules used to determine the incentive’s value would prevent the rapid scaling of a nascent sector that aims to produce zero-carbon emissions fuel, stakeholders told the Internal Revenue... by usoftax_admin | Mar 25, 2024 | Tax News
The U.S. Supreme Court should hear a woman’s claims that Philadelphia unconstitutionally declined to credit her Delaware state income taxes paid against her city wage tax liabilities, a taxpayer advocacy organization and a group of tax lawyers told the justices... by usoftax_admin | Mar 25, 2024 | Tax News
Taxpayers in Alaska impacted by severe storms, landslides and mudslides that started Nov. 20 now have until July 15 to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service said Monday. by usoftax_admin | Mar 25, 2024 | Tax News
A registered nurse and her medical spa that offered botox and liposuction treatments in Kansas owe more than $700,000 in civil fraud penalties related to the nurse’s conviction for tax evasion for misusing cash payments from clients, the U.S. Tax Court ruled... by usoftax_admin | Mar 25, 2024 | Tax News
The CEO of a company is responsible for settling any unpaid liabilities despite his hiring of an accountant who embezzled a portion of the company’s employment taxes, the U.S. Tax Court ruled Monday.