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CPA Group Calls On IRS For Faster Employer ID Procedure

by usoftax_admin | Dec 18, 2023 | Tax News

The American Institute of Certified Public Accountants called on the Internal Revenue Service on Monday to broaden the employer identification number request process for U.S.-based taxpayers.

Justices Asked To Review $20M Partnership Tax Loss Row

by usoftax_admin | Dec 18, 2023 | Tax News

The U.S. Supreme Court should review the Ninth Circuit’s ruling that a couple’s unsigned tax returns were legally ineffective and prevented them from claiming $20 million in partnership losses, the couple argued, saying the lower court misunderstood the...

‘I had 10 job offers’: ex-Stroock partners on Hogan Lovells switch

by usoftax_admin | Dec 18, 2023 | Tax News

Hogan Lovells’ location, size and the opportunity to continue working with Stroock colleagues were key factors, David Olstein and Steven Schneider told ITR

Countries Eye June For Signing Of Pillar 1 Treaty

by usoftax_admin | Dec 18, 2023 | Tax News

Countries looking to negotiate a treaty to rework how corporate tax revenue from the world’s largest companies is distributed extended the target date for signing the text to June, the Organization for Economic Cooperation and Development said Monday.

IRS Sets 2024 Wage Base For Covered Compensation

by usoftax_admin | Dec 18, 2023 | Tax News

The taxable wage base used to calculate covered compensation for employee retirement plans will be $168,600 for the 2024 tax year, the Internal Revenue Service said Monday.

SEC Rips ‘Nonsensical’ Bid To End Fugitive’s Wife’s Tax Levy

by usoftax_admin | Dec 15, 2023 | Tax News

The U.S. Securities and Exchange Commission is asking a Connecticut federal judge not to lift a tax levy against the stateside-residing wife of an accused venture capital fraudster currently living in India.
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