by usoftax_admin | Aug 1, 2024 | Tax News
Airbnb is challenging a $1.3 billion tax bill tied to income the IRS allocated from overseas, telling the U.S. Tax Court the agency overvalued intellectual property the home-rental giant licensed to its Irish affiliate before going public. by usoftax_admin | Aug 1, 2024 | Tax News
Republicans on Thursday blocked the Senate from considering a bipartisan tax bill negotiated by the chairmen of the House and Senate’s tax-writing committees that would extend the full tax break for research and development costs and expand the child tax credit... by usoftax_admin | Aug 1, 2024 | Tax News
The Federal Trade Commission can proceed with its hearing against H&R Block accusing the tax preparation firm of false advertising, a Missouri federal judge ruled Thursday, rejecting the company’s argument that the agency’s administrative law judges... by usoftax_admin | Aug 1, 2024 | Tax News
The Internal Revenue Service would receive $12.3 billion for the third straight year under legislation sent Thursday by the Senate Appropriations Committee to the full chamber for consideration. by usoftax_admin | Aug 1, 2024 | Tax News
A Delaware federal court didn’t abuse its discretion by declining to begin discovery on General Motors to aid ongoing litigation in Brazil for a group that is entitled to receive dozens of car dealerships’ tax credits from the early 1990s, the Third...