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AI Could Increase IRS Audit Scope, Scrutiny For Large Biz

by usoftax_admin | Nov 15, 2023 | Tax News

The Internal Revenue Service is planning to expand its program for auditing large corporations in part by using artificial intelligence, which could help it flag companies that may have gone several years without a close look from the previously cash-strapped...

Cayman Islands Partnership Owes Income Tax, Tax Court Says

by usoftax_admin | Nov 15, 2023 | Tax News

A securities partnership based in the Cayman Islands owes federal income taxes on earnings connected with the management of its assets by a New Jersey advisory firm, the U.S. Tax Court ruled Wednesday, saying the relationship constitutes engagement in a U.S....

IRS Announces Medicare IT Official To Be New CIO

by usoftax_admin | Nov 15, 2023 | Tax News

The Internal Revenue Service will bring in a Centers for Medicare and Medicaid Services information technology official to serve as its chief information officer, according to an announcement Wednesday.

Outspoken NY Judge Could Help Trump More Than Hurt Him

by usoftax_admin | Nov 15, 2023 | Tax News

A Manhattan judge’s unusually candid critiques of Donald Trump’s civil fraud defense could risk giving the ex-president and his legal team exactly what they want – footing to argue on appeal that the deck was stacked against them from the beginning,...

Webinar: Hong Kong’s foreign-sourced income exemption regime: refinements and updates

by usoftax_admin | Nov 15, 2023 | Tax News

Join ITR and KPMG China at 5pm Beijing time (9am GMT) on December 12 2023 to hear about the most recent changes to the foreign-sourced income exemption regime

Preparing Law Students For A New AI-Assisted Legal World

by usoftax_admin | Nov 15, 2023 | Tax News

As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law &...
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