by usoftax_admin | Oct 23, 2024 | Tax News
Proposed regulations outlining when foreign taxes under the Pillar Two international minimum tax agreement trigger U.S. rules against benefiting twice from the same economic loss should be narrowed to limit their applicability, the American Bar Association Tax Section... by usoftax_admin | Oct 23, 2024 | Tax News
Tax-exempt entities are not obligated to file the corporate alternative minimum tax form for the 2023 tax year with the Internal Revenue Service, but they should still maintain the document for recordkeeping purposes, the agency announced Wednesday. by usoftax_admin | Oct 23, 2024 | Tax News
Arkansas adopted amended regulations for the state’s recently created Tax Appeals Commission that are intended to streamline the agency’s practices and procedures when hearing and deciding tax disputes between taxpayers and the state Department of Finance... by usoftax_admin | Oct 23, 2024 | Tax News
A federal judge warned government attorneys Wednesday that she would dismiss their case against an estate for $4.9 million in taxes if they didn’t explain why they weren’t actively pursuing their accusations that a Michigan couple schemed to artificially... by usoftax_admin | Oct 23, 2024 | Tax News
Sullivan & Cromwell’s S. Eric Wang advised clients on the tax law implications of major deals over the past year, including a transaction that created the largest gas utility company in North America, earning him a spot as one of the 2024 Law360 2024 Tax... by usoftax_admin | Oct 23, 2024 | Tax News
The Internal Revenue Service’s Electronic Tax Administration Advisory Committee will hold its next meeting Nov. 14, the agency said Wednesday.