by usoftax_admin | Oct 9, 2024 | Tax News
The OECD should clarify when exactly multinational corporations need to determine whether they qualify for a transitional safe harbor under an international minimum tax agreement, the American Institute of Certified Public Accountants recommended in a letter. by usoftax_admin | Oct 9, 2024 | Tax News
A California recreational vehicle dealer was correctly penalized for not reporting $4.2 million worth of sales, the state Office of Tax Appeals said, finding unpersuasive the business’ claim that it was difficult to find competent people to handle its tax... by usoftax_admin | Oct 9, 2024 | Tax News
The U.S. Supreme Court’s ending of the Chevron doctrine calls for overturning a U.S. Tax Court ruling that let the IRS allocate $24 million of income to multinational conglomerate 3M from a Brazilian affiliate, the U.S. Chamber of Commerce told the Eighth... by usoftax_admin | Oct 9, 2024 | Tax News
With the November election approaching, businesses are bracing for the potential impact of two very different sets of tax policies, with the resulting uncertainty making long-term tax planning increasingly difficult. by usoftax_admin | Oct 9, 2024 | Tax News
The IRS brushed aside the requirements of a pandemic relief law by stalling on issuing $2.3 million in worker tax credits to two branches of a historic masonry company, the businesses told an Illinois federal court in a suit seeking refunds. by usoftax_admin | Oct 9, 2024 | Tax News
Prosecutors told a Wisconsin federal judge that a former Husch Blackwell LLP partner who pled guilty to tax evasion should be sentenced to 16 months in prison, saying he lied to IRS revenue officers to keep them at bay while spending lavishly on private planes,...