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What To Know About Employee Retention Credit Disclosures

by usoftax_admin | Mar 13, 2024 | Tax News

Employers that filed potentially erroneous employee retention credit claims should take certain steps to determine whether the IRS’ voluntary disclosure program is a good fit and, if so, prepare a strong application before the window closes on March 22, say attorneys...

JCT Indicates Pillar 1 Is Bad Deal For US, GOP Lawmakers Say

by usoftax_admin | Mar 13, 2024 | Tax News

An analysis of the Organization for Economic Cooperation and Development’s Pillar One taxing rights overhaul by congressional scorekeepers makes clear the plan should not receive U.S. support because it would disadvantage U.S. multinationals and federal tax...

Wash. Assessor Was Wrong To Deny COVID Relief, Hotels Say

by usoftax_admin | Mar 13, 2024 | Tax News

A business group representing Washington hotels told a state court that a county assessor erred when he refused to lower the 2020 property assessments for hotels in the area due to financial losses stemming from the coronavirus pandemic.

Longtime Stradley Ronon Tax Partner Joins Grant Thornton

by usoftax_admin | Mar 13, 2024 | Tax News

Following more than a quarter-century practicing law with Stradley Ronon Stevens & Young LLP, longtime tax attorney Chris Scarpa decided to change career paths, joining accounting firm Grant Thornton LLP.

Ex-Super Bowl Champ Owes $15M Tax After Default, US Says

by usoftax_admin | Mar 13, 2024 | Tax News

A California federal court should issue a default judgment for $15.5 million in federal income taxes against four-time Super Bowl champion Bill Romanowski and his wife, the U.S. government argued, saying the couple has failed to participate in a collection case...

IRS Art Appraisal Panel Schedules April Meeting

by usoftax_admin | Mar 13, 2024 | Tax News

The Internal Revenue Service committee that appraises art for tax purposes will hold its next meeting April 17, the agency said Wednesday.
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