by usoftax_admin | Oct 1, 2024 | Tax News
The Internal Revenue Service said Tuesday that it will postpone tax return and payment deadlines to Sept. 30, 2025, for those affected by the Israel-Hamas war across 2023 and 2024. by usoftax_admin | Oct 1, 2024 | Tax News
Amgen lost an attempt to escape a potential class action claiming the pharmaceutical giant hid a $10.7 billion tax bill from investors after a New York federal court ruled there was sufficient evidence for the action to proceed. by usoftax_admin | Oct 1, 2024 | Tax News
The U.S. may withhold trade threats if it believes countries are having good-faith conversations about concerns that their digital services taxes discriminate against U.S. businesses, including in current talks with Canada, the former general counsel for the Office of... by usoftax_admin | Oct 1, 2024 | Tax News
The Internal Revenue Service did not abuse its discretion when it determined a California man was liable for a $5,000 penalty for filing a frivolous tax return and sustained a levy against him to collect the penalty, the U.S. Tax Court said Tuesday. by usoftax_admin | Oct 1, 2024 | Tax News
The U.S. Supreme Court should let stand a decision that late-filed returns prevented a taxpayer from discharging his federal tax debt in bankruptcy, the government argued, saying the taxpayer has inaccurately claimed that issues at the heart of his case have created a...