by usoftax_admin | Jul 16, 2024 | Tax News
Countries’ ability to make further adjustments for geographic differences in the streamlined transfer pricing approach known as Amount B — part of the OECD’s plan for reallocating taxing rights among jurisdictions — is “still on the table,” an... by usoftax_admin | Jul 16, 2024 | Tax News
About 300 acres of property belonging to Ashley Furniture in North Carolina were properly valued at about $60 million for tax years 2018 and 2019, a state appeals court panel ruled Tuesday in favor of the state property tax commission. by usoftax_admin | Jul 16, 2024 | Tax News
A private pilot who used to work for convicted insider trader and U.K. billionaire Joe Lewis is arguing federal prosecutors can’t use allegations that his own trades were suspicious to ramp up a sentence for a separate tax evasion charge. by usoftax_admin | Jul 16, 2024 | Tax News
A professor who filed for bankruptcy in Illinois can’t protect his Canadian retirement account from creditors because the account is ineligible under a state law shielding accounts that qualify as retirement plans under the Internal Revenue Code, the Seventh... by usoftax_admin | Jul 16, 2024 | Tax News
The U.S. Tax Court rejected Tuesday a claim by the IRS that a man and his cousin who had each sold stock in 2002 to an employee stock ownership trust for more than $4 million had to recognize the entirety of their deferred gain the following year. by usoftax_admin | Jul 16, 2024 | Tax News
A Virginia man was wrongly assessed income tax for services he conducted while living in India, the state’s tax commissioner said in a letter ruling published Tuesday.