by usoftax_admin | Oct 24, 2024 | Tax News
The Internal Revenue Service is establishing a dedicated team to tackle transfer pricing issues that arise in real-time audits of companies participating in its compliance assurance process program, which should allow those issues to be handled more efficiently, an... by usoftax_admin | Oct 24, 2024 | Tax News
An Internal Revenue Service agent is not entitled to $126,000 in deductions for supposed medical expenses and charitable donations, the U.S. Tax Court ruled Thursday, saying the worker couldn’t prove the payments were actually made. by usoftax_admin | Oct 24, 2024 | Tax News
A Nissan dealership in West Virginia doesn’t owe Ohio commercial activity tax despite claims by Ohio’s tax department that residents were buying cars there to bring back to the neighboring state, the Ohio Board of Tax Appeals said. by usoftax_admin | Oct 24, 2024 | Tax News
Senate Finance Committee Chairman Ron Wyden’s investigation into the tax planning of major U.S. pharmaceutical companies could help fuel an effort to revamp U.S. international tax laws next year when Congress addresses expiring provisions of the Tax Cuts and... by usoftax_admin | Oct 24, 2024 | Tax News
A Seattle-area computer programmer who co-owned the defunct Yoga to the People business told a Manhattan federal judge on Thursday that he schemed to short the IRS on over $4 million of income, copping to a tax fraud conspiracy count. by usoftax_admin | Oct 24, 2024 | Tax News
Nationwide asked the Michigan Supreme Court to deny the state tax agency’s application for review of an appellate court’s decision that said the insurance company’s entities should file their taxes as a unitary group, saying that ruling was...