by usoftax_admin | Feb 8, 2024 | Tax News
The U.S. Treasury Department should clarify that domestic grantor trusts aren’t required to file international information returns, the American Institute of Certified Public Accountants said in a letter made public Thursday, claiming that current uncertainty... by usoftax_admin | Feb 8, 2024 | Tax News
The recently announced Central District of California strike force targeting complex corporate and securities fraud — following the Northern District of California’s model — combines experienced prosecutorial leadership and partnerships with federal agencies... by usoftax_admin | Feb 8, 2024 | Tax News
D.C. Circuit judges seemed skeptical of a Canadian citizen’s argument that $6.5 million in gains she received from selling a share of a U.S. partnership that sold 5-Hour Energy drinks shouldn’t be federally taxed, grappling to understand her reasoning... by usoftax_admin | Feb 8, 2024 | Tax News
Almost 50 new or updated frequently asked questions for the IRS’s Form 1099-K, Payment Card and Third Party Network Transactions, published Tuesday, include guidance on common situations, along with more clarity for the payment card industry about which organizations... by usoftax_admin | Feb 8, 2024 | Tax News
The Internal Revenue Service is mostly compliant with regulations on purchase card spending, the Treasury Inspector General for Tax Administration said in a report published Thursday. by usoftax_admin | Feb 8, 2024 | Tax News
The Internal Revenue Service cannot unilaterally impose penalties for failing to timely file a tax form for U.S. citizens involved with certain foreign corporations, an Idaho woman told a federal court, asking it to declare invalid a $350,000 lien placed on her family...