by usoftax_admin | Jan 3, 2025 | Tax News
The IRS provided temporary relief that permits eligible taxpayers to use alternative methods to make adequate identification of digital asset units sold, disposed of, or transferred in 2025. by usoftax_admin | Jan 3, 2025 | Tax News
SafeSend automates the ‘last mile’ of the tax return, according to Thomson Reuters; in other news, law firm White & Case has expanded its global tax practice in the US by usoftax_admin | Jan 2, 2025 | Tax News
SLOTTING—A North Carolina administrative law court erred in determining that an asphalt company’s transfers of its liquid asphalt product to its parent company and another related entity were distributions not subject to sales tax, the state tax agency... by usoftax_admin | Jan 2, 2025 | Tax News
A partnership that donated a preservation easement over a building in a historic district is not entitled to a nearly $24 million tax deduction, the U.S. Tax Court affirmed Thursday, saying the building was not listed on the National Register of Historic Places or... by usoftax_admin | Jan 2, 2025 | Tax News
Japan’s cabinet approved a backstop to its 15% global minimum tax that would enable authorities to collect on multinational corporations’ profits in foreign jurisdictions taxed below the minimum rate, according to the country’s Ministry of... by usoftax_admin | Jan 2, 2025 | Tax News
A trustee and fiduciary of two retirement plans who diverted $5.3 million from the plans for his personal benefit willfully and fraudulently intended to evade tax on his unreported income and is liable for a fraud penalty, the U.S. Tax Court held Thursday.