by usoftax_admin | Oct 25, 2024 | Tax News
The OECD also reported ‘political issues’ in reaching a consensus on amount B; in other news, PwC introduced new managing director roles as a partnership alternative by usoftax_admin | Oct 24, 2024 | Tax News
Internal Revenue Service Commissioner Danny Werfel told the UCLA Tax Controversy Conference audience on Thursday that the agency will no longer automatically assess penalties for the late reporting of large foreign gifts, with the announcement eliciting applause from... by usoftax_admin | Oct 24, 2024 | Tax News
EDITING–The Washington State Supreme Court said Thursday that a group of funds that buy and sell distressed credit card debt can’t claim a state business tax deduction on investment income because those investments were not incidental to their main... by usoftax_admin | Oct 24, 2024 | Tax News
Elections officials are permitted to place financial disclosure information next to a Washington state ballot measure that would repeal the state’s tax on capital gains, the Washington Supreme Court ruled Thursday, upholding a trial court. by usoftax_admin | Oct 24, 2024 | Tax News
The U.S. Tax Court correctly found that a Washington couple who repeatedly filed frivolous returns and claimed their wages are tax-free owe about $9,000 in taxes for 2017 and 2018, the Ninth Circuit said Thursday.