by usoftax_admin | Dec 18, 2023 | Tax News
Brazil will begin transitioning from an origin-based consumption tax system to a destination-based system over the next 50 years after the government’s approval of a major overhaul that also scraps several subnational taxes and limits states to a single... by usoftax_admin | Dec 18, 2023 | Tax News
An Ohio man is liable to pay nearly $30,000 in income tax deficiencies after failing to meet the burden of proof while claiming a variety of deductions, the Tax Court ruled Monday. by usoftax_admin | Dec 18, 2023 | Tax News
The federal government on Friday reiterated its plea to the U.S. Supreme Court to preserve a long-standing legal doctrine that allows judges to defer to executive branch agency legal interpretations in some rulemaking processes. by usoftax_admin | Dec 18, 2023 | Tax News
The Chartered Institute of Taxation, a group representing tax professionals in the U.K., and the Institute of Chartered Accountants of Scotland released a joint statement Monday calling for updates on Scotland’s proposed value-added tax and air travel tax plans... by usoftax_admin | Dec 18, 2023 | Tax News
Taxpayers who unwittingly report small errors in their information returns and payee statements can find relief from civil penalties for providing the wrong information under final regulations released Monday by the Internal Revenue Service. by usoftax_admin | Dec 18, 2023 | Tax News
The Internal Revenue Service expanded the list of entities eligible for business tax accounts, the agency announced Monday.