by usoftax_admin | Nov 21, 2024 | Tax News
Nearly 22 million tax returns for 2023, or 16% of all returns, made use of what are known as refund-related products that either provide loans or help pay for tax preparation fees, the Treasury Inspector General for Tax Administration said Thursday. by usoftax_admin | Nov 21, 2024 | Tax News
The U.S. has an opportunity to shield multinationals from the Pillar Two 15% global minimum tax backstop rule in other jurisdictions by revising its tax on global intangible low-taxed income next year, a European Union tax official said Thursday. by usoftax_admin | Nov 21, 2024 | Tax News
The Australian government floated two options Thursday for implementing a global crypto-asset reporting framework: adopt a standardized model or take a “bespoke approach” that would offer more flexibility but may also increase compliance costs. by usoftax_admin | Nov 21, 2024 | Tax News
Bulgarian tax authorities can deny a value-added tax refund of approximately €385,000 ($403,000) to a domestic company that did not have the tax itemized on invoices, the European Court of Justice ruled Thursday. by usoftax_admin | Nov 21, 2024 | Tax News
Six countries that have generally complied with global standards for exchanging financial information for tax purposes could nevertheless improve their mechanisms for accessing data about entity owners, according to reports released Thursday by the Organization for... by usoftax_admin | Nov 21, 2024 | Tax News
Starting in 2025, the Internal Revenue Service will accept e-filed returns that claim dependents that were already claimed on another taxpayer’s return so long as the primary taxpayer on the second return includes a valid Identity Protection Personal...