by usoftax_admin | Jan 16, 2025 | Tax News
The Organization for Economic Cooperation and Development is putting together a list of intercompany transactions that may raise red flags as attempts to undermine an international minimum tax agreement known as Pillar Two, an OECD official said Thursday. by usoftax_admin | Jan 16, 2025 | Tax News
Illinois local taxing authorities that exceed the previous year’s property tax collection would need to disperse the excess to taxpayers under a bill introduced in the state House of Representatives. by usoftax_admin | Jan 16, 2025 | Tax News
Morrison Foerster LLP announced it has added a partner from Jones Day to serve as co-chair of the firm’s global tax group in its New York office. by usoftax_admin | Jan 16, 2025 | Tax News
A Philadelphia-based personal injury attorney convicted for not paying income tax on more than $8 million in revenue he earned and for failing to pay almost $60,000 in payroll taxes received a five-year suspension from New Jersey’s Supreme Court but will keep... by usoftax_admin | Jan 16, 2025 | Tax News
The Internal Revenue Service issued corrections Thursday to finalized regulations that aim to simplify aspects of how corporations determine taxable income or loss with respect to certain affiliates that conduct business in a foreign currency.