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Empathy In Mediation Offers A Soft Landing For Disputes

by usoftax_admin | Nov 1, 2024 | Tax News

Experiencing a crash-landing on a recent flight underscored to me how much difference empathy makes in times of crisis or stress, including during mediation, says Eydith Kaufman at Alternative Resolution Centers.

GOP Gains Could Prompt Push For Endowment Tax Hike

by usoftax_admin | Nov 1, 2024 | Tax News

If Republicans make significant gains in the upcoming elections, it could clear the way for GOP lawmakers to push to boost taxes on the endowments of some private colleges and universities.

IRS Ups Contribution Limit For 401(k), Other Plans

by usoftax_admin | Nov 1, 2024 | Tax News

The annual amount that employees can contribute to various retirement plans has been increased to $23,500 from $23,000 as part of cost-of-living adjustments released Friday by the IRS.

Kingsley Napley enlisted for private school VAT legal challenge

by usoftax_admin | Nov 1, 2024 | Tax News

The Independent Schools Council is bringing litigation against the UK government for what it calls an ‘unprecedented education tax’

CFC Dividend Tax Issue Brewing In Exams, IRS Official Says

by usoftax_admin | Nov 1, 2024 | Tax News

A memorandum from the IRS chief counsel explaining why a controlled foreign corporation cannot claim a 100% deduction for certain foreign-based earnings was necessary to inform field agents dealing with the issue in the exam process, an agency official said...

Accountant Gets 1 Year For Failing To Report Stolen Income

by usoftax_admin | Nov 1, 2024 | Tax News

An accountant for a manufacturing company who embezzled more than $800,000 and failed to report it on his tax returns was sentenced to just over a year in prison and ordered to pay $1 million in restitution, according to New Jersey federal court documents.
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