by usoftax_admin | Sep 27, 2024 | Tax News
The U.S. government urged the Eleventh Circuit on Friday to reinstate the Corporate Transparency Act passed in 2021, arguing that the anti-money laundering law is within Congress’ powers to regulate economic activity and necessary to have businesses report... by usoftax_admin | Sep 27, 2024 | Tax News
California federal prosecutors have accused a cryptocurrency startup founder nicknamed “The Godfather” of extortion, robbery and failing to pay taxes on fraudulent income that he allegedly used for personal luxuries including a Bel Air mansion rental and... by usoftax_admin | Sep 27, 2024 | Tax News
Ednaldo Silva’s transfer pricing analytics company EdgarStat LLC recently renewed its contract with New Jersey, furthering his decadeslong run of assisting states that aim to curb profit shifting by scrutinizing intercompany transactions. Silva spoke to Law360 about... by usoftax_admin | Sep 27, 2024 | Tax News
From a look at GOP efforts to extend the tax deduction for pass-through businesses to former President Donald Trump’s proposal to cut the corporate tax rate to 15%, here’s a peek into a reporter’s notebook on a few of the week’s developing tax... by usoftax_admin | Sep 27, 2024 | Tax News
Massachusetts’ taxation of a $4.7 million gain from a stock sale wrongly commingled the business of a former resident taxpayer with that of a company he owned, he and his wife told a state appeals court. by usoftax_admin | Sep 27, 2024 | Tax News
The IRS plans to include transition rules in forthcoming proposed regulations that aim to clamp down on abusive tax avoidance practices through complex partnership transactions known as basis shifting, an agency attorney said Friday.