by usoftax_admin | Jun 14, 2024 | Tax News
A tax preparer who once worked for the IRS said the government wrongly accused him of underestimating clients’ tax liabilities, telling a Washington federal court in response to allegations that he caused $42.5 million in tax losses that his customers had made... by usoftax_admin | Jun 14, 2024 | Tax News
In this week’s Taxation with Representation, Noble Corp. PLC buys Diamond Offshore Drilling Inc., Cognizant buys Belcan, AlphaSense raises funding to buy Tegus, and Matador Resources Co. acquires a subsidiary of the EnCap Investments portfolio company Ameredev... by usoftax_admin | Jun 14, 2024 | Tax News
The House Appropriations Committee approved legislation that would reduce Internal Revenue Service funding for fiscal 2025 by more than $2 billion and prohibit money from going to the agency’s free online tax-filing program without congressional approval,... by usoftax_admin | Jun 14, 2024 | Tax News
The U.S. Department of the Treasury and the IRS should narrow a rule in proposed regulations on the stock buyback tax regarding U.S. subsidiaries funding repurchases of their foreign parents’ stock, the American Bar Association’s Tax Section said in a... by usoftax_admin | Jun 14, 2024 | Tax News
Updated build-to-rent tax concession proposals should encourage foreign investment, but the strict eligibility requirements will restrict the number of qualifying projects, say Jock McCormack and Eddie Ahn of DLA Piper Australia by usoftax_admin | Jun 14, 2024 | Tax News
The ‘big four’ firm has also vowed to spend more on nurturing junior talent; in other news, Blick Rothenberg has hired a pair of tax partners