by usoftax_admin | Jul 15, 2024 | Tax News
The U.S. Treasury Department should scrap or revise significantly an anti-abuse rule for nonresident aliens who receive loans from foreign trusts, which was included in proposed regulations on how to report foreign trust transactions, the American Institute of... by usoftax_admin | Jul 15, 2024 | Tax News
IBM asked the U.S. Supreme Court for more time to submit a petition for review of a New York high court decision that upheld tax on royalties received from foreign affiliates, saying it recently retained Jones Day to handle the case. by usoftax_admin | Jul 15, 2024 | Tax News
Akerman LLP announced Monday that it picked up a pair of new partners for its tax practice group in Atlanta who were previously with Chamberlain Hrdlicka White Williams & Aughtry. by usoftax_admin | Jul 15, 2024 | Tax News
Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by the return of mergers and acquisitions and the widespread... by usoftax_admin | Jul 15, 2024 | Tax News
While the IRS has carried out some enforcement actions related to virtual currency noncompliance and has launched a program focused on identifying taxpayers who leave digital assets off their returns, the agency has lots of room for improvement, the Treasury Inspector...