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Divided Tax Court Says Treaty Bars Collections Hearing

by usoftax_admin | Aug 1, 2024 | Tax News

A divided U.S. Tax Court ruled Thursday that it lacked authority to review an Internal Revenue Service decision preventing a woman from challenging a federal tax lien the agency issued on behalf of the Canadian government to secure her tax debt to that country.

Melancon: Supreme Court decisions are ‘big deal’ for tax pros

by usoftax_admin | Aug 1, 2024 | Tax News

Barry Melancon, CPA, CGMA, AICPA & CIMA’s CEO, said the decisions will create uncertainty for a profession that craves certainty.

MTC Deputy Executive Director To Depart For New Role

by usoftax_admin | Aug 1, 2024 | Tax News

The Multistate Tax Commission’s deputy executive director will be leaving the intergovernmental organization this month to take a position at the Federation of Tax Administrators, the head of the MTC announced Thursday.

TIGTA Says IRS Cybersecurity Program Still Not Fully Effective

by usoftax_admin | Aug 1, 2024 | Tax News

The Internal Revenue Service’s cybersecurity program continues to not meet federal standards, potentially leaving taxpayer data vulnerable to inappropriate and undetected use, modification or disclosure, the Treasury Inspector General for Tax Administration said...

Navistar Appeals $2.7M Ohio Receipts Tax Assessment

by usoftax_admin | Aug 1, 2024 | Tax News

Navistar on Thursday appealed the Ohio tax commissioner’s $2.7 million commercial activity tax assessment, telling the state Board of Tax Appeals that it was wrongly taxed on items sold at a reduced price, cash deposits and replacement parts.

Coca-Cola, IRS Enter $2.7B Tax Bill In Transfer Pricing Dispute

by usoftax_admin | Aug 1, 2024 | Tax News

Coca-Cola and the IRS submitted tax liability calculations totaling $2.73 billion to the U.S. Tax Court, reflecting the latest step in the company’s long-running transfer pricing dispute over the agency’s reallocation of the company’s foreign...
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