by usoftax_admin | Sep 1, 2023 | Tax News
Republicans on the House Ways and Means Committee cautioned officials with the Organization for Economic Cooperation and Development on Friday that the OECD’s global minimum tax would harm U.S. businesses and that countries implementing it could face economic... by usoftax_admin | Sep 1, 2023 | Tax News
Credit Suisse was wrongly let off the hook in a False Claims Act suit claiming it helped ultra-wealthy U.S. citizens evade taxes even after it paid a $2.6 billion criminal penalty over the misconduct, a whistleblower told the Fourth Circuit, seeking to revive the... by usoftax_admin | Sep 1, 2023 | Tax News
The D.C. Circuit should affirm a lower court’s decision that the Internal Revenue Service can disclose an expatriate attorney’s confidential tax information in public court records, the U.S. said Friday. by usoftax_admin | Sep 1, 2023 | Tax News
A limited partnership can sell business property held by one of its disregarded entities in a reverse exchange with another of its disregarded entities, avoiding gains and losses reported to the Internal Revenue Service, because the properties are similar, the IRS... by usoftax_admin | Sep 1, 2023 | Tax News
After deadly wildfires on Maui and a hurricane slamming into the Florida coast, Congress will likely prioritize emergency federal spending when it returns to Washington this month, but the disasters could also spark renewed calls for permanent code changes to deliver... by usoftax_admin | Sep 1, 2023 | Tax News
Married medical doctors who donated property rights in Hampton Island, Georgia, for environmental protection were wrongly denied a $2.1 million tax deduction and unfairly slapped with a steep valuation penalty by the U.S. Tax Court, the couple told the Fourth...