by usoftax_admin | Nov 7, 2023 | Tax News
The Internal Revenue Service has issued an “unusual amount” of third-party summonses in its investigation of a 2018 charitable tax deduction tied to a land donation for conservation purposes, a company told a Georgia federal court in a petition made public... by usoftax_admin | Nov 7, 2023 | Tax News
Treasury Secretary Janet Yellen sounded the alarm Tuesday about legislative proposals to strip funding from the Internal Revenue Service, saying doing so would be “damaging and irresponsible.” by usoftax_admin | Nov 7, 2023 | Tax News
A Walmart entity qualifies for an $8 million resale tax exemption for information technology equipment that it bought and modified before selling it to affiliates, the Missouri Supreme Court ruled Tuesday. by usoftax_admin | Nov 7, 2023 | Tax News
The North Carolina Department of Revenue took nearly five years to notify a worldwide cloud computing corporation with a written statement about its scrutiny of the corporation’s intercompany transactions, so it lacked authority to adjust the corporation’s... by usoftax_admin | Nov 7, 2023 | Tax News
A California corporation that was stripped of its nonprofit tax status by the Internal Revenue Service after falling victim to a Ponzi scheme was then unfairly prevented from challenging the decision in the U.S. Tax Court, the corporation told the Ninth Circuit. by usoftax_admin | Nov 7, 2023 | Tax News
New York’s governor and cannabis regulators on Monday urged a federal judge to dismiss legalization opponents’ challenge to the state’s marijuana tax and regulatory scheme, saying the activists behind the lawsuit lack standing.