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Up Next At High Court: Chevron Deference, Corp. Filings

by usoftax_admin | Jan 12, 2024 | Tax News

The U.S. Supreme Court will be closed Monday for Martin Luther King Jr. Day and will begin a short oral argument week Tuesday, during which the justices will consider overturning Chevron deference, a decades-old doctrine that instructs courts to defer to federal...

Pension Plan Segment Rates Rise In January

by usoftax_admin | Jan 12, 2024 | Tax News

Segment rates for calculating pension plan funding rose in January, the Internal Revenue Service said Friday.

IRS Issues Guidance On Implementing Emergency Accounts

by usoftax_admin | Jan 12, 2024 | Tax News

The Internal Revenue Service released initial guidance Friday focusing on employer implementation of pension-linked emergency savings accounts for employees.

IRS enforcement efforts collect $520 million from wealthy taxpayers

by usoftax_admin | Jan 12, 2024 | Tax News

IRS Commissioner Danny Werfel detailed new IRS efforts to collect taxes from high-income individuals, complex partnerships, and large corporations. He also gave an update on IRS modernization progress.

This week in tax: EY UK chair’s tenure extended past age limit

by usoftax_admin | Jan 12, 2024 | Tax News

Hywell Ball’s term has been renewed despite him being older than the firm’s mandatory retirement age, while the OECD claims its global minimum tax could raise $192bn

Wash. Justices Doubt Pharmacy Benefit Co. Can Escape Tax

by usoftax_admin | Jan 11, 2024 | Tax News

Washington State Supreme Court justices appeared icy Thursday toward a pharmacy benefit manager’s argument that the company is exempt from paying a state business tax on insurance-related activity and can instead “ride the coattails” of another...
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