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A Look Ahead For The Electric Vehicle Charging Industry

by usoftax_admin | Feb 21, 2024 | Tax News

This will likely be an eventful year for the electric vehicle market as government efforts to accelerate their adoption inevitably clash with backlash from supporters of the petroleum industry, say Rue Phillips at SkillFusion and Enid Joffe at Green Paradigm...

Biogas Investment Tax Credit Still Needs Tweaks, IRS Told

by usoftax_admin | Feb 21, 2024 | Tax News

While the IRS clarified that the clean energy investment tax credit would cover eligible upgrading equipment integral to biogas properties, the industry could get a boost if final rules allow separate ownership of the equipment, stakeholders told the agency...

Tax Court Affirms IRS’ Nix Of $20.7M Charitable Deduction

by usoftax_admin | Feb 21, 2024 | Tax News

The U.S. Tax Court affirmed on Wednesday an Internal Revenue Service decision disallowing a $20.67 million charitable contribution deduction claimed by a Georgia partnership because it failed to provide a qualified appraisal of the donated property.

COST Announces New President To Take Over March 1

by usoftax_admin | Feb 21, 2024 | Tax News

The board of directors for the Council on State Taxation has appointed a new president and executive director starting March 1, according to an announcement Wednesday.

Philly Resolution Would Revive Tax Reform Commission

by usoftax_admin | Feb 21, 2024 | Tax News

The city of Philadelphia would reconvene its tax reform commission and advisory committee in order to get an updated analysis of the city’s taxes under a resolution introduced in the City Council.

IRS Can Assess Tax On 20-Year-Old Income, Tax Court Says

by usoftax_admin | Feb 21, 2024 | Tax News

Taxes may still be assessed on a Missouri couple who failed to report more than $1.5 million in income from 1999 to 2004, the U.S. Tax Court ruled Wednesday.
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