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Tax Court Tosses Whistleblower Award Contest

by usoftax_admin | May 30, 2024 | Tax News

The U.S. Tax Court ruled Thursday that it cannot review a woman’s roughly $1,700 whistleblower award from the Internal Revenue Service because it does not meet a threshold for mandatory awards.

BF Borgers Clients Should Review Compliance, Liability

by usoftax_admin | May 30, 2024 | Tax News

After the U.S. Securities and Exchange Commission’s recently announced enforcement proceedings against audit firm BF Borgers for fabricating audit documentation for hundreds of public companies, those companies will need to follow special procedures for...

IRS Names New Chief Taxpayer Experience Officer

by usoftax_admin | May 30, 2024 | Tax News

The Internal Revenue Service has chosen an adviser in its Transformation and Strategy Office to serve as the agency’s new chief taxpayer experience officer, according to a statement Thursday.

Colo. Creates Low-Income Housing Investment Tax Credit

by usoftax_admin | May 30, 2024 | Tax News

Colorado will allow an income tax credit for investments in certain low-income housing projects and increase the amount of affordable housing tax credits it offers under a bill signed Thursday by Democratic Gov. Jared Polis.

Aussie State’s Parliament Urges Taxing Consulting Cos.

by usoftax_admin | May 30, 2024 | Tax News

Large companies that provide consulting services to the New South Wales government should be required to pay taxes on their company earnings along with payroll taxes on partnership earnings, according to a report from the Australian state’s Parliament.

Qatar Signs Double-Tax Agreements With Saudi Arabia, UAE

by usoftax_admin | May 30, 2024 | Tax News

Qatar signed two agreements Thursday to prevent double taxation and tax evasion, one with Saudi Arabia and the other with the United Arab Emirates.
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