by usoftax_admin | Jan 30, 2025 | Tax News
Georgia would allow businesses with locations in more than one jurisdiction to provide affidavits of certified public accountants in lieu of tax returns for purposes of allocating their gross receipts under a bill introduced in the state House of... by usoftax_admin | Jan 30, 2025 | Tax News
The Internal Revenue Service didn’t act improperly when it upheld a levy against a California woman who owed tax debts for multiple years, the U.S. Tax Court determined Thursday, saying she routinely failed to back up her assertions. by usoftax_admin | Jan 30, 2025 | Tax News
A Florida state appeals court declined to reconsider its dismissal of a group of Fiserv entities’ challenges to the state’s method of sourcing their receipts, another blow to the companies after a lower court walked back rulings in their favor. by usoftax_admin | Jan 30, 2025 | Tax News
The practical result of post-Loper Bright rulings against regulatory actions will depend on the relief courts grant — and there has been controversy in these types of cases over whether the ruling is applied just to the parties or nationwide, and whether the action... by usoftax_admin | Jan 30, 2025 | Tax News
Tax-exempt organizations shouldn’t need to report transactions with foreign corporations or foreign partnerships if they don’t hold a controlling interest in those entities, since the risk of unreported income is negligible, the American Institute of... by usoftax_admin | Jan 30, 2025 | Tax News
A Florida salesman evaded nearly $2 million in taxes over more than a dozen years while earning more than $10 million by transferring his home and cash to his domestic partner and creating a nominee business, according to an indictment in Florida federal court.