by usoftax_admin | Jun 21, 2024 | Tax News
The Internal Revenue Service has spent $5.7 billion of the funding boost it received under the 2022 climate law as of March 31, including $2 billion to supplement its annual funding, the Treasury Inspector General for Tax Administration reported Friday. by usoftax_admin | Jun 21, 2024 | Tax News
A couple owe about $355,000 in back taxes after failing to prove that the U.S. Tax Court adopted an erroneous calculation by the IRS following a trial in which the couple were found liable for unreported income from their S corporation, the Eleventh Circuit... by usoftax_admin | Jun 21, 2024 | Tax News
As German clients attempt to comply with complex cross-border rules, local advisers argue that aggressive tax authorities are making life even harder by usoftax_admin | Jun 21, 2024 | Tax News
João Riscado Rapoula and Luís Maria of Vieira de Almeida & Associados conduct an in-depth analysis of the Portuguese and Angolan general anti-abuse rules, with a particular focus on the similarities and differences by usoftax_admin | Jun 21, 2024 | Tax News
Raghavan Ramabadran, Charulatha Rajaj, and Raghav Rajeev of Lakshmikumaran & Sridharan conclude their analysis of goods and services tax litigation in India by explaining the critical importance of how pre-assessment or assessment proceedings are conducted by usoftax_admin | Jun 20, 2024 | Tax News
The IRS says that at least 10% of employee retention credit claims will be denied in the coming weeks and that at least 60% of claims show an “unacceptable” level of risk. The IRS will leave in place its moratorium on processing a majority of recent claims.