by usoftax_admin | Aug 8, 2024 | Tax News
A Cayman Islands partnership is liable for withholding taxes on the share of about $24.8 million in income from its U.S. operations that was allocated to its foreign partners through special purpose vehicles, the U.S. Tax Court said Thursday. by usoftax_admin | Aug 8, 2024 | Tax News
Accusations of wrongdoing against two Internal Revenue Service whistleblowers who said the government downplayed tax fraud allegations against Hunter Biden give the pair standing to intervene in Biden’s privacy case against the U.S. government, the men told a... by usoftax_admin | Aug 8, 2024 | Tax News
A New Jersey moving company’s head accountant should serve a two-year sentence for being the “nerve center” of a nearly $8 million payroll tax scheme, prosecutors told a New York federal judge in a bid to deny the man’s request for a... by usoftax_admin | Aug 8, 2024 | Tax News
The Internal Revenue Service in recent weeks sent 28,000 rejection letters to businesses to target high-risk employee retention tax credits that could prevent up to $5 billion in improper credit claims, Commissioner Daniel Werfel said Thursday. by usoftax_admin | Aug 8, 2024 | Tax News
Two Missouri bills signed into law last month were meant to clarify that streaming and satellite TV services were always exempt from video service provider fees, not change the law to newly exempt the services, Dish and DirecTV told a Missouri court. by usoftax_admin | Aug 8, 2024 | Tax News
An explanatory statement on an Oregon ballot measure to impose a new minimum corporate tax and provide payouts to state residents will not include an estimate of those rebate amounts, a state elections panel said.