by usoftax_admin | Nov 5, 2024 | Tax News
A Florida federal court didn’t err when it upheld an Internal Revenue Service summons, the Eleventh Circuit said, saying it was unconvinced by a taxpayer’s argument that the summons violated his Fifth Amendment rights against self-incrimination. by usoftax_admin | Nov 5, 2024 | Tax News
The Kentucky Department of Revenue has not taken significant visible steps toward complying with legislation requiring it to post administrative guidance on its website starting no later than Nov. 15, and refusal to do so would widen the transparency gap between the... by usoftax_admin | Nov 5, 2024 | Tax News
The U.S. Treasury Department and Internal Revenue Service should promote a safe harbor for taxpayers that plan to allocate the unused basis of their digital assets before a Jan. 1 deadline for using the relief, a certified public accountants group said in a letter... by usoftax_admin | Nov 5, 2024 | Tax News
French and Dutch authorities raided Netflix’s offices in the two countries as part of an investigation into possible tax fraud by the streaming giant, news outlets reported Tuesday. by usoftax_admin | Nov 5, 2024 | Tax News
The Illinois Department of Revenue proposed regulatory amendments to clarify that a sales tax discount isn’t allowed for a portion of taxes paid on aviation fuel that is subject to use requirements under federal transportation statutes governing aviation... by usoftax_admin | Nov 5, 2024 | Tax News
The Australian Taxation Office clarified that the country’s new thin capitalization rules must be applied after both transfer pricing and debt deduction creation rules following amendments to the country’s tax rules.