by usoftax_admin | Jun 28, 2024 | Tax News
The IRS revoked part of a 2014 private letter ruling regarding an annuity option with variable payments that a taxpayer had planned to offer, saying in a ruling released Friday that it no longer agreed with its former position. by usoftax_admin | Jun 28, 2024 | Tax News
In this week’s Taxation with Representation, Aareal Bank AG and Advent International sell a property management and maintenance software company, Webtoon Entertainment Inc. and Tamboran Resources Corp. price initial public offerings, SM Energy Company acquires... by usoftax_admin | Jun 28, 2024 | Tax News
An estate owes $4.9 million in tax liabilities for a couple’s scheme to artificially cancel out their capital gains, the federal government said in a complaint in Michigan federal court, arguing that the Son-of-Boss scheme constitutes fraud and its proceeds... by usoftax_admin | Jun 28, 2024 | Tax News
The US should gradually introduce a carbon tax according to the OECD; in other news, a former German bank CEO has been declared unfit to stand trial for cum-ex fraud by usoftax_admin | Jun 27, 2024 | Tax News
The Internal Revenue Service will let clean energy project owners that are claiming investment tax credits for more than 200 facilities file the claims with a single form, an agency official said Thursday. by usoftax_admin | Jun 27, 2024 | Tax News
In the first year of a corporate tax break, white U.S. households receive 88% of the benefits while Black and Hispanic households each receive just 1%, according to a study published Thursday by the Institute on Taxation and Economic Policy and an advocacy...