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IRS Delays Deadlines For Victims Of Alaska City Flooding

by usoftax_admin | Oct 25, 2024 | Tax News

Taxpayers in the city and borough of Juneau, Alaska, will have until May 1 to file individual and business tax returns and make payments after the area was hit by flooding, the Internal Revenue Service said Friday.

Wis. Tax Commission Rules Income Refund Appeal Untimely

by usoftax_admin | Oct 25, 2024 | Tax News

A Wisconsin resident was correctly denied an income tax refund as it was filed outside the state’s four-year statute of limitations, the state Tax Appeals Commission said in an order released Friday.

Wis. Board OKs Cut To Couple’s Capital Gains Tax Credit

by usoftax_admin | Oct 25, 2024 | Tax News

Wisconsin’s tax department correctly reduced an income tax credit claimed by a couple who sold properties in other states because the states tax different amounts of capital gains, the Wisconsin Tax Appeals Commission said in an order released Friday.

The Strategic Advantages Of Appointing A Law Firm CEO

by usoftax_admin | Oct 25, 2024 | Tax News

The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the...

IRS Agents To Appeal Exclusion From Biden Tax Privacy Case

by usoftax_admin | Oct 25, 2024 | Tax News

The IRS agents accused of improperly revealing Hunter Biden’s tax return information in his privacy lawsuit against the U.S. government told a D.C. federal court Friday that they’re planning to challenge a decision preventing them from personally...

Opportunities and limitations of AI in transfer pricing

by usoftax_admin | Oct 25, 2024 | Tax News

Dinko Dinev and Adam Wojewoda of Deloitte Luxembourg explore AI’s potential to enhance efficiency in transfer pricing but emphasise the irreplaceable value of human expertise in navigating complex regulatory landscapes
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