by usoftax_admin | Feb 12, 2024 | Tax News
Companies with significant operations in Australia would need to begin publicly reporting tax data on operations in 41 jurisdictions on a country-by-country basis under a revised proposal the government released Monday following backlash to its original... by usoftax_admin | Feb 12, 2024 | Tax News
A watchdog report shows the Internal Revenue Service doesn’t appear to be doing much to better protect sensitive taxpayer data even after a contractor was found to have stolen thousands of tax returns, including former President Donald Trump’s, the top... by usoftax_admin | Feb 12, 2024 | Tax News
Managers of a fund profited by selling units in a “grossly inflated” tax shelter and then hid a federal criminal investigation into the arrangement from investors, partners in an Athens, Georgia, law firm said in a suit recently transferred to federal... by usoftax_admin | Feb 12, 2024 | Tax News
The Internal Revenue Service is planning to propose guidance that would replace regulations floated in 2016 to clarify when corporations can undertake spinoffs and other tax-free distributions without unlawfully distributing earnings and profits, an agency official... by usoftax_admin | Feb 12, 2024 | Tax News
Sports team owners and partnerships face potential examination under the Internal Revenue Service’s recently announced sports industry losses campaign, and should be preparing to explain what drove their reported losses and assembling documentation to support their... by usoftax_admin | Feb 12, 2024 | Tax News
A Florida federal judge delivered the steepest sentence yet for a member of a cybergang that hacked the computers of accounting firms and stole thousands of client identities to siphon $45 million in tax refunds, ordering him to serve 16 years in prison.