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Ala. Offering Tax Extensions Following Hurricane Helene

by usoftax_admin | Oct 3, 2024 | Tax News

Alabama taxpayers can ask for relief from tax filing and payment deadlines following Hurricane Helene, the state Department of Revenue announced.

K&L Gates Boosts Houston Shop With Ernst & Young Tax Ace

by usoftax_admin | Oct 3, 2024 | Tax News

K&L Gates LLP strengthened its Houston office this week with the hire of a tax partner with nearly three decades of expertise in advising multinational corporations on U.S. taxation on cross-border acquisitions and other transactions.

Calif. Can’t Delay Bank’s $20.7M Tax Refund, FDIC Tells Court

by usoftax_admin | Oct 3, 2024 | Tax News

A California tax collection agency shouldn’t be allowed to delay a $20.7 million tax refund it owes the shuttered Signature Bank, the Federal Deposit Insurance Corp. told a New York federal court, saying that as the bank’s receiver, it’s entitled to...

Tax Deadlines Delayed For Victims Of Wash. Reservation Fires

by usoftax_admin | Oct 3, 2024 | Tax News

Taxpayers on the Yakama Nation’s reservation in Washington state will have until Feb. 3 to file individual and business tax returns and make payments following wildfires, the Internal Revenue Service said Thursday.

Ch. 7 Invalidates $4M Worker Retention Credit Suit, Gov’t Says

by usoftax_admin | Oct 3, 2024 | Tax News

A road construction company can’t sue the Internal Revenue Service for a tax refund for pandemic-era worker credits because its claims stemmed from Chapter 7 bankruptcy proceedings, the federal government told a Florida federal court.

‘Amount B doesn’t take disputes off the table’: TP Forum

by usoftax_admin | Oct 3, 2024 | Tax News

Amount B was top of the agenda at ITR’s US Transfer Pricing Forum 2024, while there were also heated discussions on the US’s potential adoption of pillar two
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