by usoftax_admin | Dec 19, 2023 | Tax News
A Missouri nonprofit entity isn’t entitled to a property tax exemption for a home used to put together a newspaper catering to the local community because the owner failed to prove it met the charitable exemption criteria, the state tax commission ruled. by usoftax_admin | Dec 19, 2023 | Tax News
A Canadian citizen’s $6.5 million in gains from the sale of her share in a U.S. partnership that sold 5-Hour Energy drinks should be free from federal taxes, she told the D.C. Circuit on Tuesday, arguing that a lower court failed to acknowledge her personal... by usoftax_admin | Dec 19, 2023 | Tax News
A Florida federal court should toss a billionaire’s lawsuit against the Internal Revenue Service because it relies on a misplaced legal test to claim the agency is responsible for a contractor who leaked his tax returns to the media, the federal government... by usoftax_admin | Dec 19, 2023 | Tax News
The Organization for Economic Cooperation and Development has issued guidance to clarify how multinational corporations could use financial statements to qualify for a transitional safe harbor allowing them to avoid undertaking certain detailed calculations under the... by usoftax_admin | Dec 19, 2023 | Tax News
The U.S. notified Chile it has met conditions for a bilateral tax treaty between the two countries to enter into force, the U.S. Department of the Treasury announced Tuesday. by usoftax_admin | Dec 19, 2023 | Tax News
The Internal Revenue Service issued a correction notice Tuesday to make minor changes within guidance for the low-income communities bonus credit program.