Tag Archives: IRS

Personal and business bankruptcy filings rose 16.2 percent in the twelve-month period ending Sept. 30, 2024, compared with the previous year. According to statistics from the Administrative Office of the U.S. Courts, annual bankruptcy filings increased by nearly 100,000 over … Continue reading →

The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer (QM). To become a QM, a manufacturer must:  Soon manufacturers will be able to use IRS Energy Credits … Continue reading →

Employers who hire certain groups of people are able to reduce the tax that they owe when they claim the Work Opportunity Tax Credit on their Federal Tax Returns. To receive this credit, the employer must first certify that the … Continue reading →

This month, over 250,000 consumers harmed by leasing company Tempoe will finally begin to receive refund checks in the mail. Tempoe offered point-of-sale financing at major retailers, including Sears and Kmart. The CFPB took action against the company for tricking … Continue reading →

A statute immunized the defendant from prosecution for possession of contraband substances when such possession was found “as a result of” a call for medical assistance. “As a result” of meant “because.” The defendant called for medical assistance but refused … Continue reading →