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Senate Panel OKs Maintaining IRS Funding At $12.3B

by usoftax_admin | Aug 1, 2024 | Tax News

The Internal Revenue Service would receive $12.3 billion for the third straight year under legislation sent Thursday by the Senate Appropriations Committee to the full chamber for consideration.

3rd Circ. Affirms Nix Of Discovery Ask On GM In Brazil Case

by usoftax_admin | Aug 1, 2024 | Tax News

A Delaware federal court didn’t abuse its discretion by declining to begin discovery on General Motors to aid ongoing litigation in Brazil for a group that is entitled to receive dozens of car dealerships’ tax credits from the early 1990s, the Third...

IRS Not Required To Disclose Summonses, 5th Circ. Affirms

by usoftax_admin | Aug 1, 2024 | Tax News

The Internal Revenue Service was not required to tell a Texas man with unpaid tax liabilities that it had demanded his financial information from third parties, the Fifth Circuit ruled, upholding a lower court’s decision to toss his suit.

Webinar – Navigating the practicalities of BEPS pillar two preparation

by usoftax_admin | Aug 1, 2024 | Tax News

Join ITR and Wolters Kluwer on September 3 2024 for insights from the latest Wolters Kluwer BEPS Pillar Two Readiness Index Report and advice on the practical steps needed to prepare for pillar two compliance

Chiropractor Evaded $2.4M In Taxes, Fed. Indictment Says

by usoftax_admin | Aug 1, 2024 | Tax News

An Alabama chiropractor evaded $2.4 million in self-reported taxes, filed false tax returns and obstructed the Internal Revenue Service, according to a federal indictment.

PwC CEE transfer pricing leader underlines AI focus

by usoftax_admin | Aug 1, 2024 | Tax News

Olga Trifonova began her new leadership role on July 1
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