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AMC, Sony Escape Tax Biz’s ‘Better Call Saul’ TM Suit

by usoftax_admin | Sep 25, 2023 | Tax News

AMC and Sony Pictures did not infringe Liberty Tax Service’s trademark and trade dress with a fictional business in the hit show “Better Call Saul” whose owner is imprisoned for embezzlement, a Manhattan federal judge ruled Monday.

Tax Court Cuts Man’s Liability After Wife Raids His IRA

by usoftax_admin | Sep 25, 2023 | Tax News

Nearly $180,000 will be excluded from a Florida man’s gross income after his then-wife wrongfully withdrew the amount from his individual retirement account and life insurance policy, the U.S. Tax Court ruled Monday.

Bra Co., Ex-CEO Settle Tax Whistleblowing Retaliation Claims

by usoftax_admin | Sep 25, 2023 | Tax News

The former CEO of a bra company who claimed he was fired and denied severance for threatening to report widespread tax evasion by the company’s owners agreed to settle his lawsuit, according to a report filed Monday in a Michigan federal court.

New FASB Rules May Add Costs, Yet Cos. Approve, Org. Finds

by usoftax_admin | Sep 25, 2023 | Tax News

The Financial Accounting Standards Board’s new standards for tax transparency in SEC disclosures may impose significant costs and slow the economy, but most companies surveyed approved, a lobbying organization for U.S. multinational corporations said Monday in a...

IRS Issues Per Diem Travel Expense Rates

by usoftax_admin | Sep 25, 2023 | Tax News

The per-diem rates used to compute business expense travel tax deductions will be $309 for travel to high-cost areas and $214 for travel to low-cost areas starting in October, the Internal Revenue Service said Monday.

IRS Needs To Embrace Cyber Risk Software, TIGTA Says

by usoftax_admin | Sep 25, 2023 | Tax News

The Internal Revenue Service must use the U.S. Department of Justice’s cybersecurity assessment and management software more effectively, the Treasury Inspector General for Tax Administration said in a report published Monday.
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