by usoftax_admin | May 2, 2025 | Tax News
The Internal Revenue Service’s budget would be cut by nearly $2.5 billion compared with 2025 under the 2026 budget request released Friday by President Donald Trump’s administration. by usoftax_admin | May 2, 2025 | Tax News
The U.S. House Judiciary Committee advanced legislation on Wednesday that would impose more restrictions on state tax authorities to levy income taxes on out-of-state businesses, approving changes to P.L. 86-272 in the panel’s portion of the federal budget... by usoftax_admin | May 1, 2025 | Tax News
PepsiCo was correctly assessed $2.1 million in penalties for categorizing Frito-Lay expatriates’ compensation as foreign payroll that would allow the company’s profits to be excluded from state income tax calculations, according to an Illinois Appellate... by usoftax_admin | May 1, 2025 | Tax News
The Internal Revenue Service’s targeted sweeps of so-called high-income nonfilers have largely been successful in closing cases and collecting revenue, but the agency could do more to target certain areas and collect tracking data better, the Treasury Inspector... by usoftax_admin | May 1, 2025 | Tax News
Ireland’s Tax Appeals Commission closed more than 1,711 appeals cases in 2024, a 12% increase over the year prior and valued at €355 million ($401 million) in taxes, the commission said in a report. by usoftax_admin | May 1, 2025 | Tax News
President Donald Trump’s flurry of tariff actions since taking office has created new questions for multinationals and their transfer pricing tax planners, including how to properly account for cost increases associated with new duties in related party...