by usoftax_admin | Dec 13, 2024 | Tax News
Pension contributions made by two former Major League Baseball stars while they played for the Toronto Blue Jays should be counted in their annual income, the Tax Court of Canada ruled in a victory for the former players. by usoftax_admin | Dec 13, 2024 | Tax News
Amazon’s sales of third-party products in South Carolina were subject to taxation even before the U.S. Supreme Court’s landmark Wayfair decision, the state Revenue Department told the state Supreme Court on Friday, urging it to uphold an appeals court... by usoftax_admin | Dec 13, 2024 | Tax News
An Arkansas motor fuel company is eligible for a $4 million income tax refund after amending its corporate income tax returns to apportion all its interest expenses to the state, the Arkansas Supreme Court affirmed, saying the expenses were nonbusiness expenses that... by usoftax_admin | Dec 13, 2024 | Tax News
Bilateral treaties between the U.S. and other countries where a controlled foreign corporation may face withholding tax issues aren’t able to effectively resolve those disputes, Internal Revenue Service and Treasury officials said Friday. by usoftax_admin | Dec 13, 2024 | Tax News
The Internal Revenue Service is in the early stages of considering whether foreign currency gain or loss recognition rules could be turned off in certain situations for controlled foreign corporations, an agency official said Friday.