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Firm Fights IRS’ $33M Boost To Self-Employment Income

by usoftax_admin | Apr 24, 2025 | Tax News

The Internal Revenue Service wrongly subjected nearly $33 million of a New York investment firm’s income to self-employment taxes by disqualifying the firm’s limited partners and taxing their distributions, it alleged in two U.S. Tax Court petitions.

India’s record APAs a win for government efficiency: experts

by usoftax_admin | Apr 24, 2025 | Tax News

The promise of nine years’ tax certainty and a ‘rational and pragmatic’ government process makes APAs a no-brainer, Indian tax advisers tell ITR

Italy: Landmark decision on the taxation of indirect lending

by usoftax_admin | Apr 24, 2025 | Tax News

Francesco Di Bari of Alma LED explains how an Italian Supreme Court ruling marks a pivotal shift in the tax treatment of interest on indirect lending, restoring key exemptions for qualified foreign institutional investors

Asian clients unimpressed with firms’ team depth, exclusive data reveals

by usoftax_admin | Apr 24, 2025 | Tax News

ITR’s research shows that in-house tax counsel in Asia also feel underserved by their advisers’ international networks

NY, 11 Other States Sue Trump Administration To Block Tariffs

by usoftax_admin | Apr 23, 2025 | Tax News

A dozen states are seeking to block tariffs the Trump administration imposed under the International Emergency Economic Powers Act, claiming in a lawsuit Wednesday the tariffs illegally constitute unprecedented tax hikes on Americans and violate constitutional...

TurboTax Maker Fends Off H&R Block’s False Ad Claims

by usoftax_admin | Apr 23, 2025 | Tax News

A California federal judge tossed H&R Block’s claims that competing tax-preparation company Intuit duped its customers into buying its TurboTax product by falsely claiming an expert would review returns, saying H&R Block failed to show the expert review...
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