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Comer Subpoenas Hunter Biden’s Business Associates

by usoftax_admin | Nov 9, 2023 | Tax News

A House panel probing President Joe Biden’s involvement in business dealings by his family sent subpoenas Thursday to his son Hunter Biden’s art dealer and buyer and to a pair of Hunter Biden’s business associates, directing them to testify at...

Canadian Territory Has Most Efficient Carbon Tax, Report Says

by usoftax_admin | Nov 9, 2023 | Tax News

The Northwest Territories of Canada has the most efficient carbon tax in the world by one measure, with the Canadian province of British Columbia and the country of Luxembourg close behind, the Tax Foundation said in a report Thursday.

Stewarts Boosts Tax Group With Eversheds Sutherland Hire

by usoftax_admin | Nov 9, 2023 | Tax News

A former Eversheds Sutherland partner who specializes in complex value-added tax disputes joined the tax litigation and resolution team at Stewarts Law LLP in London, Stewarts said.

Conn. Man Ineligible For Interest Abatement, Tax Court Rules

by usoftax_admin | Nov 9, 2023 | Tax News

A Connecticut man is ineligible to receive an interest abatement after he was required to disclose the withdrawal of his 401(k) as taxable income after he was unable to properly transfer the plan to his new employer, the U.S. Tax Court ruled Thursday.

IRS Reports Overall Success On 2023 Taxpayer Service Goals

by usoftax_admin | Nov 9, 2023 | Tax News

The Internal Revenue Service’s financial report for 2023, published Thursday, disclosed that the agency met five of its six goals toward improving taxpayer services and information dissemination.

Liability Exposure For Unpaid Payroll Taxes May Surprise You

by usoftax_admin | Nov 9, 2023 | Tax News

The Ninth Circuit’s recent decision in Richard W. York v. U.S. offers important lessons for business owners and others who may be responsible for a company’s checkbook about how someone else’s failure to submit payroll taxes can result in their personal...
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