by usoftax_admin | Feb 2, 2024 | Tax News
An Oregon couple must pay almost $400,000 in fines, interest and penalties for failing to report their foreign bank accounts to the Internal Revenue Service, a federal court said. by usoftax_admin | Feb 2, 2024 | Tax News
Google and H&R Block asked a California federal court to toss a suit accusing them of scheming to intercept the private data of a man who used H&R Block’s tax preparation software, saying there was no evidence the companies conspired. by usoftax_admin | Feb 2, 2024 | Tax News
Multinational power management company Eaton Corp. urged an Ohio federal court to adopt a magistrate judge’s recommendation to allow the company to buck an IRS summons for confidential performance evaluations of its foreign employees, saying the... by usoftax_admin | Feb 2, 2024 | Tax News
More than $307,000 of a Texas man’s 2018 income is subject to tax, the U.S. Tax Court ruled Friday, calling his arguments against being taxed “frivolous.” by usoftax_admin | Feb 2, 2024 | Tax News
The proposed tax package will allow businesses to immediately deduct the cost of US-based R&D investments by usoftax_admin | Feb 2, 2024 | Tax News
An unnamed trust is not required to file an income tax return because its income accrues to the government of a U.S. territory, the Internal Revenue Service said in a private letter ruling released Friday.