by usoftax_admin | Nov 22, 2023 | Tax News
A Tennessee federal judge rejected the U.S. government’s request for a new trial in a case where a jury let a truck company off the hook for roughly $400 million in excise taxes, penalties and interest for its refurbished tractors. by usoftax_admin | Nov 22, 2023 | Tax News
A Sixth Circuit panel handed the IRS a win with its recent decision finding a lower court overreached by nationally invalidating IRS disclosure requirements on potentially abusive employee benefit trust arrangements, the latest development in a wave of administrative... by usoftax_admin | Nov 22, 2023 | Tax News
Recently proposed regulations provide important clarifications of the Internal Revenue Code’s excise tax on donor-advised fund distributions by providing detailed definitions of key terms and addressing some of the open issues related to their operation and... by usoftax_admin | Nov 22, 2023 | Tax News
ITR invites tax firms, in-house teams, and tax professionals to make nominations for the 2024 ITR Tax Awards in the Americas, EMEA, and Asia-Pacific by usoftax_admin | Nov 21, 2023 | Tax News
The IRS said Tuesday that it will once again delay of the application of the Form 1099-K $600 reporting threshold. And, for 2024, it is setting the threshold at $5,000. by usoftax_admin | Nov 21, 2023 | Tax News
A former Trump Organization executive testified in the former president’s New York civil fraud trial Tuesday that he had to leave his position after getting caught up in the government investigations swirling around his former boss, but denied that he...