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Bank of America appeals IRS win in $163 mln bank merger tax fight
Reuters· 6 days agoS. Circuit Court of Appeals that a judge “rewrote” a key federal tax provision when he substantially...
What Is a Tax Credit?
Tri-City Herald· 7 days agoHere’s what you need to know about popular tax credits and how to claim them. Luckily, applying tax credits can lower your federal income tax bill — and, in some cases, even ...
Underpayment Penalty: What It Is, How to Avoid It - NerdWallet
Nerdwallet· 5 days agoWhat is an underpayment penalty? An underpayment penalty is a charge the IRS imposes on taxpayers...
US Beats Taxpayer’s Lawsuit Over Foreign Tax Credit Omission
Bloomberg Law· 5 days agoThe US government defeated a taxpayer’s lawsuit seeking a refund of federal income tax payments she alleges were overpaid due to an agency’s< ...
Tax Breaks: As Summer Begins, The Tax World Shows No Signs Of Cooling Off
Forbes· 2 days agoMemorial Day marks the official start of summer. While there are disputes about the origin of...
IRC Section 280E Will No Longer Apply if Marijuana Is Rescheduled | JD Supra
JD Supra· 5 days agoOn May 16, 2024, the US Department of Justice submitted a Notice of Proposed Rulemaking (NPRM) to reschedule marijuana from Schedule I to Schedule III within the Controlled Substances Act. As ...
As student loan forgiveness nears $160 billion, here's what to know about the relief programs
CNBC· 7 days agoIn attempts to fix the country's $1.6 trillion student loan system, the Biden administration has...
Are The Illicit Market, Curaleaf And Trulieve The 3 Biggest Winners From Rescheduling Cannabis? -...
Benzinga· 2 days agoPresident Joe Biden's support of the administration's decision to reschedule cannabis from Schedule...
Here's What Happens When Your Accountant Fails to File Your Tax Return on Time
The Motley Fool· 5 days agoMy friend Angela used to file her own tax return, since it was pretty easy work. Because of this,...
The Best Tax Break You'll Ever Take. Thanks, Alabama!
Newsweek· 5 days agoMy wife and I are thinking of adopting a frozen embryo.