by usoftax_admin | Nov 7, 2024 | Tax News
A group of housing cooperatives asked a Michigan federal judge to grant them an exemption from the “dragnet” Corporate Transparency Act, claiming the disclosure requirements will deter members from serving on boards that govern affordable housing... by usoftax_admin | Nov 7, 2024 | Tax News
A federal judge entered a $4.9 million default against the estate of a Michigan man and his widow after having threatened to dismiss the case, in which the government says the couple avoided taxes by participating in a Son-of-Boss scheme. by usoftax_admin | Nov 7, 2024 | Tax News
The widow of a man whose offshore businesses were raided by the IRS, giving rise to a nearly $18 million tax judgment, didn’t prove the IRS committed fraud against the court in ensuing Freedom of Information Act litigation in which the agency claimed evidence... by usoftax_admin | Nov 7, 2024 | Tax News
The Internal Revenue Service plans to hold a public hearing Nov. 22 on proposed regulations that outline when foreign taxes under the Pillar Two international minimum tax agreement could trigger U.S. rules that aim to prevent companies from double-dipping the same... by usoftax_admin | Nov 7, 2024 | Tax News
The ruling follows the Federal Court of Australia’s full court deciding in favour of the soft drink company in June