by usoftax_admin | Sep 10, 2024 | Tax News
Accounting firm RSM US LLP, in a letter released Tuesday, asked the Internal Revenue Commissioner Daniel Werfel to clarify how to treat research and development costs when a taxpayer disposes of an entire business in a mergers and acquisitions transaction. by usoftax_admin | Sep 10, 2024 | Tax News
After a protracted offensive from 10 Australian professional bodies, a Senate motion to strike out contentious new tax ethical rules has failed, but concessions were secured by usoftax_admin | Sep 10, 2024 | Tax News
The closely watched decision represents the final nail in the coffin for Apple and serves as a warning to other multinationals, experts have suggested by usoftax_admin | Sep 10, 2024 | Tax News
The House Ways and Means Committee is set to consider legislation Wednesday that would repeal a law requiring peer-to-peer payment platforms such as Venmo and PayPal to report aggregate payments of $600 or more, among other bills. by usoftax_admin | Sep 10, 2024 | Tax News
Federal Communications Commission Chair Jessica Rosenworcel told educators the agency will ask the U.S. Supreme Court to overturn a recent Fifth Circuit decision against the Universal Service Fund, the federal program that subsidizes telecom service to low-income and... by usoftax_admin | Sep 10, 2024 | Tax News
The Internal Revenue Service erroneously assessed federal highway excise taxes on a South Dakota trailer manufacturer even though the agency had already determined that the trailers were exempt from the tax, the company told a federal court as it sought a tax refund...