by usoftax_admin | Oct 27, 2023 | Tax News
A New York judge decided Friday that Ivanka Trump must return to Manhattan to testify in the state attorney general’s civil fraud case against her father and the family business, despite her earlier dismissal from the case. by usoftax_admin | Oct 27, 2023 | Tax News
The Internal Revenue Service recently announced a program to allow employers to withdraw claims for pandemic-era employee retention credits due to rampant fraud, but uptake may be limited at first since businesses might not immediately think their submissions are... by usoftax_admin | Oct 27, 2023 | Tax News
A Danish wind farm company cannot claim £48 million ($58.2 million) in tax relief for capital expenditures on studies and designs before building wind farms off the coast of the United Kingdom, the U.K. Upper Tribunal said Friday. by usoftax_admin | Oct 27, 2023 | Tax News
Family members of the Gulfstream Aerospace Corp.’s late founder asked the U.S. Supreme Court to overturn an appellate court decision that held they can be responsible for the nearly $10 million in taxes posthumously imposed on his estate. by usoftax_admin | Oct 27, 2023 | Tax News
The Internal Revenue Service’s decadeslong difficulties with partnership audits led to the recent announcement of a clear, well-funded, focused initiative, and businesses operating in the partnership form will feel the impact, with definite changes ahead, says... by usoftax_admin | Oct 27, 2023 | Tax News
From a look at the new House speaker to upcoming consideration of the IRS budget to ongoing plans to revamp the state and local tax deduction, here’s a peek into a reporter’s notebook on a few of the week’s developing tax stories.