by usoftax_admin | Nov 14, 2023 | Tax News
The Internal Revenue Service expects to issue long-awaited proposed regulations on how to treat offshore profits that already have been taxed in the U.S. during the first half of next year, an agency lawyer said Tuesday. by usoftax_admin | Nov 14, 2023 | Tax News
A California couple will not receive a collection due process hearing, as the U.S. Tax Court ruled Tuesday that the Internal Revenue Service was not obliged to grant them one over seven years of federal income tax deficiencies. by usoftax_admin | Nov 14, 2023 | Tax News
Results presented Tuesday on a multilateral program to resolve transfer pricing issues show it is a viable option for companies, especially as a first step toward tax certainty, an IRS transfer pricing official said. by usoftax_admin | Nov 14, 2023 | Tax News
The Internal Revenue Service is looking to refine what it sees as a time-consuming process for partnerships to request an adjustment to their original tax return under the relatively new centralized audit regime, an agency official said Tuesday. by usoftax_admin | Nov 14, 2023 | Tax News
The Internal Revenue Service’s Criminal Investigation Division is providing its special agents with body cameras for planned enforcement operations, the division’s deputy chief said Tuesday. by usoftax_admin | Nov 14, 2023 | Tax News
A Georgia appraiser received a one-year prison sentence Tuesday for his role in a landmark $1.3 billion scheme to falsely inflate property values and cash in on nearly half a billion dollars in fraudulent tax deductions.