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FTC Rips H&R Block’s ‘Deceptive’ Marketing, ‘Coercive’ Ploys

by usoftax_admin | Feb 23, 2024 | Tax News

The Federal Trade Commission filed an administrative complaint against H&R Block claiming the tax preparation company deceptively marketed some products as “free” and “coerced” people to pay for pricier products, the government agency...

FinCEN guide lists rules for some financial institutions’ access to BOI

by usoftax_admin | Feb 23, 2024 | Tax News

The rules in the Small Entity Compliance Guide apply to access for some financial institutions and cover security and confidentiality, authorized use, administration of requests, and violations.

‘Empire’ Star Owes Income Tax After Threatening DOJ Atty

by usoftax_admin | Feb 23, 2024 | Tax News

“Empire” actor Terrence Howard owes more than $900,000 in federal income taxes under a default judgment by a Pennsylvania federal judge that follows a monthslong search by the government to notify the actor of the suit, during which he threatened a...

DC’s Housing Tax Break Proposal: What’s In It, What’s Missing

by usoftax_admin | Feb 23, 2024 | Tax News

Proposed Washington, D.C., rules implementing the Housing in Downtown Tax Abatement program — for commercial property owners who convert properties into residential housing — thoroughly explain the process for submitting an application, but do not provide sufficient...

Colo. House Bill Seeks Quantum Tech Tax Credits

by usoftax_admin | Feb 23, 2024 | Tax News

Colorado would create two tax credits to promote the development of quantum technology businesses in the state, under legislation introduced in the House of Representatives.

Colo. Tax Dept. OKs Green Vehicle Credit Rules

by usoftax_admin | Feb 23, 2024 | Tax News

Purchasers of clean-energy vehicles in Colorado have additional clarification on qualifications for a tax credit under a final rule adopted by the state tax department to reflect recent legislation.
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