by usoftax_admin | Oct 24, 2023 | Tax News
The Bank of New York Mellon’s London branch and a law firm failed to submit applications to list notes on the London Stock Exchange and should pay the £75 million ($91 million) in tax liability that resulted, a building society told the U.K. High Court of... by usoftax_admin | Oct 24, 2023 | Tax News
The IRS should address critical weaknesses in contractor training and contractor oversight to ensure taxpayer information is secure, the Government Accountability Office said Tuesday, saying contractors are at risk of being unprepared to handle sensitive tax... by usoftax_admin | Oct 24, 2023 | Tax News
A life insurance group asked the U.S. Treasury Department to allow taxes on insurance premiums to temporarily skirt foreign tax credit regulations issued in 2022, saying in a letter released Tuesday that the regulations created uncertainty about when premium taxes can... by usoftax_admin | Oct 24, 2023 | Tax News
A Michigan federal judge on Monday lifted a stay in a case from a homeowner whose tax-delinquent property was seized and illegally sold by a county treasurer at a profit, finding that the Sixth Circuit had resolved a debate regarding the appropriate remedy for... by usoftax_admin | Oct 24, 2023 | Tax News
A Florida-based tax law firm facing a proposed class action alleging it ripped off clients by taking fees for services it couldn’t deliver urged a Wisconsin federal judge Monday to scuttle the suit and send it to arbitration. by usoftax_admin | Oct 24, 2023 | Tax News
A Florida surgeon cannot recover nearly $80,000 in tax penalties for failing to file federal returns for three years, even though he believed his accountant had made the filings electronically, the Eleventh Circuit said Tuesday in the first appellate court decision to...