by usoftax_admin | Jun 27, 2024 | Tax News
The United States and Switzerland signed a Foreign Account Tax Compliance Act agreement that will require U.S. banks to share financial account information on a bilateral basis, Switzerland’s Federal Department of Finance announced Thursday. by usoftax_admin | Jun 27, 2024 | Tax News
Certain Mississippi taxpayers affected by storms, tornadoes and flooding that hit the state starting April 8 now have until Nov. 1 to file individual and business tax returns and make payments, the Internal Revenue Service said Thursday. by usoftax_admin | Jun 26, 2024 | Tax News
In her midyear report to Congress, National Taxpayer Advocate Erin Collins writes that, as of April, the IRS was taking over 22 months to resolve cases in its identity theft victim assistance unit, which had about 500,000 unresolved cases. by usoftax_admin | Jun 26, 2024 | Tax News
A European court on Wednesday once again dismissed a 2014 challenge to the European Commission’s move to block a Spanish tax scheme benefiting Spanish shipbuilders and their suppliers. by usoftax_admin | Jun 26, 2024 | Tax News
Connecticut would change how it values and taxes motor vehicles, exempt some businesses from interest on certain tax underpayments and change the calculation of assessments on insurance companies under emergency-certified omnibus legislation the state Senate passed... by usoftax_admin | Jun 26, 2024 | Tax News
The U.S. Supreme Court’s upholding of the federal repatriation tax could indirectly affect state tax policy discussions, including by influencing consideration of wealth taxes and encouraging states to keep potential due process issues in mind when enacting tax...