by usoftax_admin | Sep 10, 2024 | Tax News
The California Office of Tax Appeals upheld the Franchise Tax Board’s denial of a company’s $10 million deduction for the transfer of stock to a settlement fund, saying the transaction lacked economic substance. by usoftax_admin | Sep 10, 2024 | Tax News
The former attorney for Newington, Connecticut, and the town’s tax assessor bickered over whether the latter’s allegedly defamatory sentiments linked to now-dismissed ethics complaints were made publicly, with the lawyer insisting the statements were made... by usoftax_admin | Sep 10, 2024 | Tax News
Accounting firm RSM US LLP, in a letter released Tuesday, asked the Internal Revenue Commissioner Daniel Werfel to clarify how to treat research and development costs when a taxpayer disposes of an entire business in a mergers and acquisitions transaction. by usoftax_admin | Sep 10, 2024 | Tax News
After a protracted offensive from 10 Australian professional bodies, a Senate motion to strike out contentious new tax ethical rules has failed, but concessions were secured by usoftax_admin | Sep 10, 2024 | Tax News
The closely watched decision represents the final nail in the coffin for Apple and serves as a warning to other multinationals, experts have suggested