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IRS Extends Tax Deadlines For NY, Conn. Storm Victims

by usoftax_admin | Sep 10, 2024 | Tax News

Victims of severe storms and flooding in New York and Connecticut will have more time to file some tax returns and make estimated payments, the Internal Revenue Service announced Tuesday.

‘An easy win’: experts on UK chancellor’s CT-capping plan

by usoftax_admin | Sep 10, 2024 | Tax News

UK tax advisers have branded Reeves’ pledge to cap corporation tax at 25% as “a smart move” and “an easy give”

Devil in the detail? Spain introduces simplified process for rectifying VAT returns

by usoftax_admin | Sep 10, 2024 | Tax News

Fernando Matesanz of Spanish VAT Services casts a critical eye over the ‘odd and complex’ implementation of a new system that is designed to simplify Spain’s corrective VAT returns process

ITR World Tax rankings released: big EMEA performance for ‘big four’

by usoftax_admin | Sep 10, 2024 | Tax News

In the wake of the global rankings release, we focus on the top performers across EMEA in the second of three regional analyses

IRS Urges 11th Circ. To Affirm Denial Of $18M In Deductions

by usoftax_admin | Sep 9, 2024 | Tax News

A Florida real estate developer was correctly denied $18 million in tax deductions on loans his companies made for residential projects that became worthless, the U.S. government told the Eleventh Circuit on Monday, saying the money went to insiders and didn’t...

Tax Panels Face Personnel Changes Ahead Of TCJA Debate

by usoftax_admin | Sep 9, 2024 | Tax News

The House and Senate tax-writing committees are both set to lose veteran lawmakers in the next Congress, changing the dynamic on the panels as they gear up for a major fight next year over the fate of the expiring provisions of the Tax Cuts and Jobs Act.
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