by usoftax_admin | Oct 25, 2024 | Tax News
In this week’s Taxation With Representation, Atlantic Union Bankshares Corp. absorbs Sandy Spring Bancorp, Sophos and Secureworks merge, Wendel Group takes a stake in Monroe Capital LLC, and Acuity Brands Inc. buys QSC LLC. by usoftax_admin | Oct 25, 2024 | Tax News
The Internal Revenue Service failed to detect more than 570 false tax returns that claimed over $47 million in fraudulent refunds despite having been previously alerted to the scheme used to file them, the Treasury Inspector General for Tax Adminsitration said... by usoftax_admin | Oct 25, 2024 | Tax News
The U.S. Virgin Islands’ revenue bureau mistakenly paid an $8.6 million tax refund to mortgage company Ocwen based on a 90% economic development credit that shouldn’t have been allowed, the islands’ government told a federal court as it seeks to take... by usoftax_admin | Oct 25, 2024 | Tax News
No further action will be taken in relation to the four cases, however the regulator said it hopes to conclude five remaining investigations into PwC’s tax leaks scandal ‘as soon as possible’ by usoftax_admin | Oct 25, 2024 | Tax News
The OECD also reported ‘political issues’ in reaching a consensus on amount B; in other news, PwC introduced new managing director roles as a partnership alternative by usoftax_admin | Oct 24, 2024 | Tax News
Internal Revenue Service Commissioner Danny Werfel told the UCLA Tax Controversy Conference audience on Thursday that the agency will no longer automatically assess penalties for the late reporting of large foreign gifts, with the announcement eliciting applause from...