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IRS Expands Business Tax Account Program Payment Options

by usoftax_admin | Aug 19, 2024 | Tax News

The Internal Revenue Service’s business tax account online self-service tool for business taxpayers will now allow taxpayers to view and make balance-due payments, the agency announced Monday, also saying the service is now available in Spanish.

Treasury Floats Timing Shift For Foreign Currency Accounting

by usoftax_admin | Aug 19, 2024 | Tax News

The U.S. Treasury Department proposed regulations Monday that would adjust the timing for when companies could opt to use the so-called mark-to-market accounting method for gains or losses that arise from foreign currency transactions.

Thai Revenue Department rules on companies’ relationship based on common shareholding

by usoftax_admin | Aug 17, 2024 | Tax News

Amit Bhalla and Andrew Jackomos of HLB Thailand explain the Thai Revenue Code’s guidance in determining the nature of the relationship between two entities and whether transfer pricing disclosure forms are required

Top transfer pricing cases of the year so far

by usoftax_admin | Aug 17, 2024 | Tax News

Legal battles involving the IRS, HMRC and ATO feature as companies have been ordered to pay vast sums

Indonesia increases number of administrative tax services accessed through ID numbers

by usoftax_admin | Aug 17, 2024 | Tax News

Charles Setia Oetomo and Erviyanti Adam of GNV Consulting report that 37 types of administrative tax services can now be accessed using various ID numbers, and Indonesia has also updated several tax treaties
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