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TurboTax Maker Wipes Out 2 Of 3 Software Patents At PTAB

by usoftax_admin | Jun 27, 2024 | Tax News

The Patent Trial and Appeal Board delivered a mixed bag of decisions in patent challenges brought by Intuit against a small software outfit that claims to have invented the idea of “co-browsing.”

Aussie Betting Site Can’t Duck Taxes Tied To News Corp. Sale

by usoftax_admin | Jun 27, 2024 | Tax News

Trustees associated with an Australia-based gambling website owe capital gains taxes on the AU$31 million ($20.6 million) sale of the business to News Corp., an Australian court ruled, finding the parties lacked an affiliated relationship that could warrant an...

High Response To IRS Transfer Pricing Letters, Official Says

by usoftax_admin | Jun 27, 2024 | Tax News

Most taxpayers that received letters from the Internal Revenue Service pursuant to a compliance campaign warning them of a transfer pricing issue have responded, an IRS official said Thursday.

Congress Shouldn’t Rush OECD Tax Package, Group Says

by usoftax_admin | Jun 27, 2024 | Tax News

Congress should avoid “rubber-stamping” the two pillars of the Organization for Economic Cooperation and Development’s plan to fight tax base erosion and profit shifting and instead gather more information on its impact on the U.S., a conservative...

IRS Criminal Chief Says COVID Fraud Work To Hold Steady

by usoftax_admin | Jun 27, 2024 | Tax News

IRS Criminal Investigation agents expect to spend as much time this year on coronavirus assistance policy-related fraud as last year, the division chief said at a conference Thursday.

IRS Tells 10th Circ. To Deny Liberty Global’s $110M Refund Bid

by usoftax_admin | Jun 27, 2024 | Tax News

The U.S. government urged the Tenth Circuit on Thursday to reject telecommunication giant Liberty Global’s push for a $110 million tax refund, arguing a lower court correctly deduced that the company’s business restructurings were carried out solely to...
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