by usoftax_admin | Oct 24, 2024 | Tax News
The Internal Revenue Service correctly disallowed a couple’s nearly $94,000 in claimed individual and business deductions, the U.S. Tax Court said Thursday, while also finding them liable for nearly $11,000 in accuracy-related penalties. by usoftax_admin | Oct 24, 2024 | Tax News
An emergency rule in Louisiana extended the effectiveness of regulations implementing a recently issued gubernatorial executive order that made several adjustments to the state’s industrial tax exemption program. by usoftax_admin | Oct 24, 2024 | Tax News
A Delaware company owes New York sales tax on services it offered that constitute taxable information services, but other services it offered were personal and individual in nature and therefore excluded from tax, an administrative law judge for the state Division of... by usoftax_admin | Oct 24, 2024 | Tax News
The Internal Revenue Service is establishing a dedicated team to tackle transfer pricing issues that arise in real-time audits of companies participating in its compliance assurance process program, which should allow those issues to be handled more efficiently, an... by usoftax_admin | Oct 24, 2024 | Tax News
An Internal Revenue Service agent is not entitled to $126,000 in deductions for supposed medical expenses and charitable donations, the U.S. Tax Court ruled Thursday, saying the worker couldn’t prove the payments were actually made.