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Trump Valuation Issues Not Enough To Flag, Ex-Exec Testifies

by usoftax_admin | Oct 10, 2023 | Tax News

A former top executive for the Trump Organization testified in former President Donald Trump’s New York civil fraud trial Tuesday that seemingly major discrepancies between appraised real estate values and the company’s own estimates did not rise to the...

US Biz Group Asks Poland To Revise Withholding Tax Rules

by usoftax_admin | Oct 10, 2023 | Tax News

Poland’s Ministry of Finance should loosen its definition of beneficial owner in its proposed rules for withholding corporate and personal income taxes to bring it in line with the OECD model, the National Foreign Trade Council said in a letter Tuesday.

Sanders Says Nonprofit Hospitals Failing To Merit Tax Breaks

by usoftax_admin | Oct 10, 2023 | Tax News

Nonprofit hospitals are receiving the benefits of tax-exempt status yet provide insufficient levels of charity care, so Congress and the IRS should act to set enforceable standards and make reporting more transparent, Sen. Bernie Sanders said in a report released...

IRS EV Audit Processes Went From Bad To Worse, TIGTA Says

by usoftax_admin | Oct 10, 2023 | Tax News

Existing issues with the Internal Revenue Service’s oversight of an electric vehicle tax credit went from bad to worse after the agency cracked down on erroneous claims, the Treasury Inspector General for Tax Administration said in a report published...

Wyden, Crapo Call For Trade Measures Over Canada’s DST

by usoftax_admin | Oct 10, 2023 | Tax News

Senate Finance Committee Chairman Ron Wyden, D-Ore., and ranking member Mike Crapo, R-Idaho, asked the U.S. trade representative Tuesday to impose trade measures on Canada if its digital services tax takes effect Jan. 1 as planned.

Tax Leak Charge Doesn’t Help Billionaire’s IRS Suit, US Says

by usoftax_admin | Oct 10, 2023 | Tax News

A billionaire hedge fund founder whose tax returns were leaked to the media lacks grounds to sue the Internal Revenue Service for damages even if the agency contractor charged with the breach is found guilty, the U.S. government told a Florida federal court.
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