by usoftax_admin | Jan 9, 2024 | Tax News
In McKelvey v. Commissioner, the U.S. Tax Court decided that deceased Monster.com founder Andrew McKelvey terminated his underlying obligations when he extended variable prepaid forward contracts, demonstrating why startup founders, early employees and investors... by usoftax_admin | Jan 9, 2024 | Tax News
The heirs to a property’s mineral interest asked the Texas Supreme Court on Tuesday to direct a lower court to revisit a 1999 mass tax foreclosure they say left them and about 500 others without proper notice before their rights were eliminated in a... by usoftax_admin | Jan 9, 2024 | Tax News
A Pennsylvania man was sentenced to almost three years in prison and ordered to pay $193,000 in restitution for participating in an Internal Revenue Service impersonation fraud conspiracy involving call centers in India, the U.S. Department of Justice announced. by usoftax_admin | Jan 9, 2024 | Tax News
The Canadian affiliate of global mining giant Glencore PLC must include in its taxable income more than CA$101 million ($75.4 million) in fees that its predecessor received as part of a failed merger agreement, a Canadian appeals court ruled. by usoftax_admin | Jan 9, 2024 | Tax News
Two U.K. tax changes that primarily benefit working people — a reduction of the national insurance tax rate and a major increase in free child care — could result in cuts to other government-provided services, a think tank warned. by usoftax_admin | Jan 9, 2024 | Tax News
A Florida couple is liable for more than $110,000 in unpaid federal income taxes and accuracy-related penalties after failing to properly dispute Internal Revenue Service claims, the U.S. Tax Court ruled Tuesday.