by usoftax_admin | Dec 9, 2024 | Tax News
A U.S. man living abroad is allowed under the U.S.-Canada tax treaty to claim a foreign tax credit for nearly $264,000 in payments of the Affordable Care Act’s net investment income tax, the Federal Claims Court said. by usoftax_admin | Dec 9, 2024 | Tax News
The first person ever criminally charged for failing to report gains from the sale of cryptocurrency by filing false returns should be sentenced to more than two years in prison after he admitted underreporting $4 million in bitcoin proceeds, prosecutors told a Texas... by usoftax_admin | Dec 9, 2024 | Tax News
In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead... by usoftax_admin | Dec 9, 2024 | Tax News
Under the draft rules, Kuwaiti-owned businesses would reportedly no longer be exempt from corporate income tax by usoftax_admin | Dec 9, 2024 | Tax News
While the pace of debt collection from UK taxpayers who have moved overseas is accelerating, some of HMRC’s information is inaccurate, UHY Hacker Young warned by usoftax_admin | Dec 6, 2024 | Tax News
A Nebraska tribe’s tobacco companies are asking the U.S. Supreme Court to overturn an Eighth Circuit ruling that held the state can regulate a tribally owned manufacturer’s sales of cigarettes to Indigenous-owned distributors, arguing that Native American...