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O’Neill troubled by conflicting accounts of PwC tax scandal

by usoftax_admin | Sep 25, 2024 | Tax News

The Australian senator told ITR that PwC is still trying to manage the saga as a PR issue rather than a systemic problem

1st Circ. Affirms Tossing Of IRS Crypto Doc Seizure Case

by usoftax_admin | Sep 24, 2024 | Tax News

A New Hampshire federal court correctly dismissed a bitcoin investor’s claim that the IRS violated his privacy and property rights when it seized his records from the cryptocurrency exchange Coinbase, the First Circuit ruled Tuesday, agreeing that he lacked a...

Mo. Cannabis Shop Asks Appeals Court To Scrap County Tax

by usoftax_admin | Sep 24, 2024 | Tax News

A Missouri appeals court should overturn a lower court’s ruling that the state’s constitution allowed a county to impose a cannabis tax on businesses that are also charged city taxes within its boundaries, a cannabis company told the court.

Estate’s Value Shouldn’t Be Increased, Tax Court Says

by usoftax_admin | Sep 24, 2024 | Tax News

The estate of a Maryland doctor who died in a car accident does not have to increase its taxable value by more than $19 million to account for the proceeds of two life insurance policies held by a family trust, the U.S. Tax Court ruled Tuesday.

Halliburton Tardy In Contesting $35M Deduction, US Says

by usoftax_admin | Sep 24, 2024 | Tax News

A Halliburton Co. lawsuit claiming a deduction for a $35 million payoff to a foreign country must be dismissed because the company waited too long to start its action, the U.S. told a Texas federal court.

Microsoft Fights Mich. Tax Treatment Of Cost Share Payments

by usoftax_admin | Sep 24, 2024 | Tax News

Microsoft urged the Michigan Tax Tribunal to find that cost sharing agreement receipts from affiliates constituted licenses of intellectual property that should be included in its apportionment formula, arguing that the state’s tax agency incorrectly followed...
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