by usoftax_admin | Nov 1, 2024 | Tax News
A memorandum from the IRS chief counsel explaining why a controlled foreign corporation cannot claim a 100% deduction for certain foreign-based earnings was necessary to inform field agents dealing with the issue in the exam process, an agency official said... by usoftax_admin | Nov 1, 2024 | Tax News
An accountant for a manufacturing company who embezzled more than $800,000 and failed to report it on his tax returns was sentenced to just over a year in prison and ordered to pay $1 million in restitution, according to New Jersey federal court documents. by usoftax_admin | Nov 1, 2024 | Tax News
But the firm said that ‘difficult market conditions’ led to a slowdown in Asia Pacific; in other news, OECD begins Thailand accession process by usoftax_admin | Oct 31, 2024 | Tax News
A Georgia tax on strip clubs that’s used to fund child trafficking prevention efforts has been upheld by the state’s highest court, which said in a split decision that a First Amendment challenge to the tax by club owners failed to show the levy limited... by usoftax_admin | Oct 31, 2024 | Tax News
An ex-lobbyist on trial alongside former Illinois House Speaker Michael Madigan made arrangements for a political operative that Madigan fired to receive monthly payments while he was unemployed, suggesting he enter into contracts with loyal lobbyists and write up...