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This week in tax: PwC China to slash payouts and lose clients, reports say

by usoftax_admin | Jul 19, 2024 | Tax News

The fallout from PwC China’s Evergrande audit has reportedly hit the firm hard; in other news, the US and Turkey look to reform their corporate tax rates

Final and proposed regs. issued on retirement plan RMDs

by usoftax_admin | Jul 18, 2024 | Tax News

The final regulations reflect changes to the required minimum distribution rules made by the SECURE Act and SECURE 2.0 and generally follow proposed regulations issued in 2022.

Treasury Starting To Address Amount B, Official Says

by usoftax_admin | Jul 18, 2024 | Tax News

The U.S. Department of the Treasury is just starting to decide how to handle a transfer pricing regime under a prong of the OECD-led global tax overhaul, a Treasury official said Thursday.

Neb. Gov. Unveils Plan For Property Tax Cuts

by usoftax_admin | Jul 18, 2024 | Tax News

Nebraska’s governor on Thursday revealed a plan to cut property taxes ahead of a special session of the state Legislature, proposing a hard cap on property tax increases and the elimination of over a hundred sales tax exemptions.

Bank Exec’s Tax Tip Case Wrongly Axed, Estate Tells DC Circ.

by usoftax_admin | Jul 18, 2024 | Tax News

The estate of a Dutch bank executive asked the D.C. Circuit to overturn a U.S. Tax Court decision denying him a whistleblower award for reporting on tax avoidance schemes, saying the lower court improperly relied on proposed regulations from the Internal Revenue...

New IRS Easement Settlements Put Tax Pros In A Pickle

by usoftax_admin | Jul 18, 2024 | Tax News

The IRS’ new settlement program for partnerships that participated in conservation easements that haven’t yet ended up in court comes with terms far sweeter than past offers, making it difficult for practitioners to advise clients to take the deal or wait...
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