by usoftax_admin | May 21, 2024 | Tax News
Senate Finance Committee Chairman Ron Wyden asked Pfizer to provide details on its tax practices to explain how the drug company has consistently paid tax rates that are significantly lower than the corporate tax rate in a letter released by the committee... by usoftax_admin | May 21, 2024 | Tax News
A Delaware gravel company and related companies that sold a freeway pit for $6.9 million under an option agreement, and then used it to enter into a like-kind exchange for another property, deferring the tax, was not a tax-avoidance sham, the U.S. Tax Court ruled... by usoftax_admin | May 21, 2024 | Tax News
CohnReznick has a new principal in its international tax practice who previously served as a partner at PwC, the firm announced. by usoftax_admin | May 21, 2024 | Tax News
The Internal Revenue Service is nearing a decision on the future of its free electronic tax return filing pilot program, Commissioner Daniel Werfel told reporters Tuesday. by usoftax_admin | May 21, 2024 | Tax News
The estate of a woman who owned an oil company with her husband then terminated marital trusts after he died does not owe more than $9 million in gift taxes on the related transactions as the IRS had claimed, the U.S. Tax Court ruled. by usoftax_admin | May 21, 2024 | Tax News
The federal Corporate Transparency Act unconstitutionally displaces state authority and its enforcement would economically harm states and their residents, attorneys general from 22 states told the Eleventh Circuit, urging it to uphold a ruling that struck down the...