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... by usoftax_admin | Nov 21, 2023 | Tax News
A Missouri county board correctly valued nine rental properties that are part of a condominium building at a combined $1.7 million, the state Tax Commission ruled, rejecting a bid by the limited liability company that rents the properties to cut the combined value by... by usoftax_admin | Nov 21, 2023 | Tax News
North Carolina violated the dormant commerce clause of the U.S. Constitution when it disallowed Philip Morris’ deduction of loans made to out-of-state affiliates, the tobacco giant told the state’s highest court. by usoftax_admin | Nov 21, 2023 | Tax News
A computer engineer had her tax liability reduced Tuesday after the U.S. Tax Court allowed certain deductions due to their connection to business activity. by usoftax_admin | Nov 21, 2023 | Tax News
Nearly 40% of corporate profits are taxed below a 15% effective rate, mostly in high-tax jurisdictions where accelerated depreciation, allowances for corporate equity and preferential treatment of acquired software drive down rates, the OECD said Tuesday in a working... by usoftax_admin | Nov 21, 2023 | Tax News
The Internal Revenue Service issued guidance Tuesday detailing the rules for both qualified preapproved retirement plans and Section 403(b) preapproved plans — a combined document in order to easily conform each set of rules to the other, the agency said.