by usoftax_admin | Jun 14, 2024 | Tax News
A tax preparer who once worked for the IRS said the government wrongly accused him of underestimating clients’ tax liabilities, telling a Washington federal court in response to allegations that he caused $42.5 million in tax losses that his customers had made... by usoftax_admin | Jun 14, 2024 | Tax News
In this week’s Taxation with Representation, Noble Corp. PLC buys Diamond Offshore Drilling Inc., Cognizant buys Belcan, AlphaSense raises funding to buy Tegus, and Matador Resources Co. acquires a subsidiary of the EnCap Investments portfolio company Ameredev... by usoftax_admin | Jun 14, 2024 | Tax News
The House Appropriations Committee approved legislation that would reduce Internal Revenue Service funding for fiscal 2025 by more than $2 billion and prohibit money from going to the agency’s free online tax-filing program without congressional approval,... by usoftax_admin | Jun 14, 2024 | Tax News
The U.S. Department of the Treasury and the IRS should narrow a rule in proposed regulations on the stock buyback tax regarding U.S. subsidiaries funding repurchases of their foreign parents’ stock, the American Bar Association’s Tax Section said in a... by usoftax_admin | Jun 14, 2024 | Tax News
Updated build-to-rent tax concession proposals should encourage foreign investment, but the strict eligibility requirements will restrict the number of qualifying projects, say Jock McCormack and Eddie Ahn of DLA Piper Australia