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5th Circ. Urged To Deny Tax Break For Doc’s Captive Insurance

by usoftax_admin | Dec 19, 2024 | Tax News

A physician who owns a network of urgent care clinics was correctly denied tax deductions along with his wife for over $1 million in premiums they paid to insurance companies they owned, the government told the Fifth Circuit, saying the captive arrangements...

GAO Finds Direct File Pilot Successful, Suggests Upgrades

by usoftax_admin | Dec 19, 2024 | Tax News

The Internal Revenue Service conducted a successful test run this past tax season of Direct File, a new online tax return preparation service for individual taxpayers, but the agency could do more to expand access to the program, the U.S. Government Accountability...

Brazil’s tax reform journey: a long road, with further challenges ahead

by usoftax_admin | Dec 19, 2024 | Tax News

Fernando Silva of Vertex provides a guide to the ambitious transformation of Brazil’s complicated tax landscape, and says careful navigation will be required to negotiate dual VAT and phased implementation

US proposes regulations on applying amount B

by usoftax_admin | Dec 19, 2024 | Tax News

The rules are intended to implement the substance of an earlier OECD report in its entirety

KPMG outstrips ‘big four’ rivals with 10% tax revenue rise

by usoftax_admin | Dec 19, 2024 | Tax News

The firm said the financial growth came from increased demand for its AI services and global tax reform advice

Disbarred Calif. Securities Atty Accused Of Tax Crimes

by usoftax_admin | Dec 19, 2024 | Tax News

A disbarred Southern California securities attorney has gone over five years without filing any personal federal income tax returns, the U.S. Department of Justice alleged in announcing a recently unsealed indictment against the lawyer on Tuesday.
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