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Amount B deadline ‘seems unlikely to be reached’, say CPAs

by usoftax_admin | Dec 14, 2023 | Tax News

Amount B promises to streamline a fundamental TP issue but unresolved issues remain, accountancy institutes have argued

Drink Co. Ex-CEO Won’t Be Harmed In Equity Sale, Judge Says

by usoftax_admin | Dec 14, 2023 | Tax News

A Florida federal bankruptcy judge on Tuesday said the ex-CEO of the company that sells Bang Energy drinks can’t stop a trustee from extinguishing his ownership in a Chapter 11 sale, saying his challenge to an order granting the debtor’s estate the right...

Trump Rests Fraud Defense As NY AG’s Trial Nears End

by usoftax_admin | Dec 14, 2023 | Tax News

Former President Donald Trump on Tuesday rested his defense case in the civil trial over New York Attorney General Letitia James’ claims that he defrauded banks and insurers for years by lying about his wealth, while both sides scrapped over last-minute...

Polsinelli Expands Nonprofit Practice With Tax Hire In Chicago

by usoftax_admin | Dec 13, 2023 | Tax News

Polsinelli has added a tax attorney from Michael Best & Friedrich LLP to its nonprofit organizations practice group in Chicago, the firm has announced.

Tax Court Upholds $43K Civil Fraud Penalty On Ex-Convict

by usoftax_admin | Dec 13, 2023 | Tax News

The U.S. Tax Court on Wednesday said a man who served prison time for tax evasion was liable for a $43,000 civil fraud penalty for 2001, saying even though he didn’t admit to committing tax evasion that year, his conviction for 2000 was evidence of fraud.

Pillar 1 Treaty Could Increase DSTs, US Chamber Says

by usoftax_admin | Dec 13, 2023 | Tax News

The draft OECD multilateral convention designed to implement a reallocation of taxable income among countries would likely cause double taxation and encourage more countries to enact the very digital services taxes the reallocation was intended to prevent, the U.S....
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