by usoftax_admin | Dec 2, 2024 | Tax News
Russia urged a D.C. federal judge to pause a case against it by a Yukos Oil Co. unit seeking to enforce $5 billion in arbitral awards, saying Monday four parallel Foreign Sovereign Immunities Act cases are pending before the Supreme Court and the D.C. Circuit. that... by usoftax_admin | Dec 2, 2024 | Tax News
President Joe Biden’s pardon of his son over the weekend marks the latest example of a special counsel investigation fizzling and raises doubts over the future use of such probes, which can drag on for years and cost taxpayers millions of dollars. by usoftax_admin | Dec 2, 2024 | Tax News
The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the special rules applying to a partner related to another partner. by usoftax_admin | Dec 2, 2024 | Tax News
Novo Nordisk must include a former affiliate’s research expenses from the year it wound down when determining the corporate group’s California research credits for later years, the state’s Office of Tax Appeals ruled in an opinion released Monday... by usoftax_admin | Dec 2, 2024 | Tax News
A Houston truck company that sold tires made by a Chinese manufacturer is on the hook for excise taxes as the beneficial owner of the tires, the Fifth Circuit decided in an opinion Monday that reversed a ruling freeing the company from its nearly $2 million tax...