by usoftax_admin | Jan 11, 2024 | Tax News
The OECD is working this year to expand its recent anti-abuse guidance — which specifically applies to a safe harbor under the global minimum tax agreement known as Pillar Two — to cover the regime in general, an organization official said Thursday. by usoftax_admin | Jan 11, 2024 | Tax News
The U.S. Tax Court upheld $259,000 in tax liabilities against the owner of a tile business, finding Thursday that he failed to substantiate business deductions and couldn’t prove he was entitled to tax credits for children he claimed as dependents. by usoftax_admin | Jan 11, 2024 | Tax News
Hunter Biden appeared in a packed downtown Los Angeles federal courtroom on Thursday to plead not guilty to a set of criminal tax evasion charges, which the judge then set for a June 20 trial. by usoftax_admin | Jan 11, 2024 | Tax News
Maryland would provide local property tax credits for the conversion of retail fuel stations to other uses under a bill introduced in the state House of Delegates. by usoftax_admin | Jan 11, 2024 | Tax News
The U.S. Treasury Department is actively working on two consolidated return regulations — one on group continuation and the other on redetermination of unrealized gain or loss — that were recently revived and may publish them together or close to their release dates,... by usoftax_admin | Jan 11, 2024 | Tax News
The U.S. Treasury Department’s rulemaking authority is unlikely to get hamstrung by a pair of cases before the U.S. Supreme Court that aim to weaken the so-called Chevron deference that federal courts have long relied on when reviewing ambiguous regulations, an...