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Foreign Tax Credit Notice Expected Soon, IRS Official Says

by usoftax_admin | Oct 30, 2023 | Tax News

A broad notice addressing a bevy of foreign tax credit issues, including how they may apply to components of the OECD’s global minimum tax known as Pillar Two, is likely to be published by the IRS before the end of the year, the agency’s international tax...

IRS Abused Discretion With Quick Trigger, Tax Court Rules

by usoftax_admin | Oct 30, 2023 | Tax News

The Internal Revenue Service failed to provide a taxpayer with a meaningful opportunity to propose an installment agreement, the U.S. Tax Court ruled Monday.

IRS To Continue Allowing Digital Signatures, Encrypted Emails

by usoftax_admin | Oct 30, 2023 | Tax News

The Internal Revenue Service extended the acceptance of digital signatures indefinitely and the acceptance of encrypted emails in certain instances for two years, the agency announced Monday.

Couple’s Travel Expenses Not Deductible, Tax Court Rules

by usoftax_admin | Oct 30, 2023 | Tax News

A California couple’s attempt to deduct unreimbursed business expenses was rejected Monday by the U.S. Tax Court.

Taxation of fees for board members, directors, and administrators: a switch of EU perspective?

by usoftax_admin | Oct 30, 2023 | Tax News

The question of whether VAT is chargeable on remuneration received by individuals hinges on a decision to be delivered by the CJEU, say Florina Parîng and Costin Manta of EY Romania

Atty Gets Priority Over IRS In Settlement Fight, Court Says

by usoftax_admin | Oct 30, 2023 | Tax News

A lawyer seeking $750,000 for representing his client in a lawsuit that drew a $1 million settlement from the U.S. Department of Agriculture will be paid from the client’s estate ahead of the Internal Revenue Service, according to a Virginia federal court...
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