by usoftax_admin | May 22, 2024 | Tax News
The Internal Revenue Service is deferring until 2027 the applicability date of requirements for reporting certain intercompany payments that are exempt from the base erosion and anti-abuse tax, the agency announced Wednesday. by usoftax_admin | May 22, 2024 | Tax News
The Internal Revenue Service again failed to reduce the rate at which it makes incorrect payments to 10% in 2023, a goal set by 2019 legislation, the Treasury Inspector General for Tax Administration said Wednesday. by usoftax_admin | May 22, 2024 | Tax News
A Connecticut businessman accused by the federal government of “ghost preparing” his customers’ taxes and inflating their refunds by putting false information on their IRS paperwork has agreed to shut down his businesses in a cashless... by usoftax_admin | May 22, 2024 | Tax News
The IRS should not have been allowed to keep the interest paid on 23 years’ worth of tax underpayments by seven companies that merged into Bank of America, the company told the Fourth Circuit, arguing that the underpayments should be offset by overpayments under... by usoftax_admin | May 22, 2024 | Tax News
The Internal Revenue Service is again extending the transition period for rules that govern certain financial transactions that could avoid withholding on dividend payments to foreign taxpayers, it announced Wednesday. by usoftax_admin | May 22, 2024 | Tax News
Lewis Lu of KPMG China looks at the recently passed Tariffs Law and the advancements in tax legislation