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Ireland Looks To Exempt Foreign Dividends From Tax

by usoftax_admin | Sep 15, 2023 | Tax News

Ireland is considering corporate tax exemptions for foreign-sourced dividends and foreign branch profits as the government seeks to move toward a more territorial tax system, according to a consultation launched by the Finance Ministry.

Canadian Can Deduct Costs Of Promoting Daughter’s Singing

by usoftax_admin | Sep 15, 2023 | Tax News

A Canadian who traveled to the U.S. to promote his daughter’s singing career can deduct expenses related to that effort because his investment was intended to generate a profit, not just help a family member, the Tax Court of Canada said in an opinion released...

IRS Seeks Comments On Research Tax Credit Form Proposals

by usoftax_admin | Sep 15, 2023 | Tax News

The Internal Revenue Service is seeking comments on proposed changes to a research tax credit form, the agency announced Friday.

IRS Seeks To Grow Business Issue Resolution Programs

by usoftax_admin | Sep 15, 2023 | Tax News

The Internal Revenue Service said Friday that it is considering improving and expanding tax certainty and issue resolution programs for businesses, including its compliance assurance process real-time audit program, and wants feedback on possible changes.

IRS To Hire 3,700 For Oversight Of Partnerships, Big Cos.

by usoftax_admin | Sep 15, 2023 | Tax News

The Internal Revenue Service plans to hire more than 3,700 revenue agents to assist in the agency’s enforcement efforts with complex partnerships and large corporations, the agency announced Friday.

Citadel CEO Subpoenas ProPublica Over Tax Data Leak

by usoftax_admin | Sep 15, 2023 | Tax News

The top executive of hedge fund Citadel subpoenaed news organization ProPublica and five of its journalists for documents related to the leak of his tax return data, according to a filing in Florida federal court.
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