by usoftax_admin | Oct 24, 2024 | Tax News
Nigeria is pondering the adoption of pillar two despite rejecting it in the past, local experts also suggest by usoftax_admin | Oct 23, 2024 | Tax News
The IRS is planning to split up its Pass-Throughs and Special Industries office into two separate divisions, including one that will focus in part on energy credits enacted under the 2022 landmark climate law, an agency official said Wednesday. by usoftax_admin | Oct 23, 2024 | Tax News
The Internal Revenue Service correctly disallowed a Georgia truck driver’s unreimbursed business expense deduction claims, because he was in fact reimbursed for the various expenses, the U.S. Tax Court said Wednesday. by usoftax_admin | Oct 23, 2024 | Tax News
Film and streaming production facilities in New York City are blossoming, spurred on by an explosion in demand for production space from streamers and $7.7 billion in state film tax credits, and attorneys are busy advising on all aspects of financing and developing... by usoftax_admin | Oct 23, 2024 | Tax News
New York’s method of taxing IBM and The Walt Disney Co.’s royalties received from foreign affiliates resulted in an unconstitutional discrimination against interstate commerce that warrants U.S. Supreme Court scrutiny, the Council on State Taxation told... by usoftax_admin | Oct 23, 2024 | Tax News
The Internal Revenue Service obtained the proper written approval of penalties on most of the tax code violations it brought against semiconductor manufacturer Microsemi but left room for doubt on two penalties, the U.S. Tax Court said.