by usoftax_admin | Dec 13, 2024 | Tax News
The Internal Revenue Service is in the early stages of considering whether foreign currency gain or loss recognition rules could be turned off in certain situations for controlled foreign corporations, an agency official said Friday. by usoftax_admin | Dec 13, 2024 | Tax News
Even though banks generally needn’t file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued... by usoftax_admin | Dec 13, 2024 | Tax News
A proposal for a voluntary disclosure program that allows remote sellers to limit their back sales tax liabilities to the past two years was expanded to include sellers that have inventory in member states during a Streamlined Sales Tax Governing Board meeting... by usoftax_admin | Dec 13, 2024 | Tax News
Prosecutors have told a New Jersey federal judge that they would drop one of three drug distribution charges against the wife of a convicted former Drexel University professor, saying their evidence might not establish intent after the U.S. Supreme Court raised the... by usoftax_admin | Dec 13, 2024 | Tax News
From Louisiana’s tax overhaul to the Mississippi governor’s quest to repeal the individual income tax, RSM’s David Brunori offers his thoughts on noteworthy state and local tax news. by usoftax_admin | Dec 13, 2024 | Tax News
Halliburton has not changed its reasons for claiming a tax refund on a $35 million payment it made to a foreign government to protect its employees from harassment, the company told a Texas federal court, saying the U.S. wrongly accused it of a flip-flop.