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Mexican FIBRAs: regulatory clarity needed on acquisitions by other FIBRAs

by usoftax_admin | May 1, 2024 | Tax News

The interest of other FIBRAs in a potential acquisition of the Terrafina real estate investment trust highlights a lack of taxation guidance in such transactions, say Oscar López Velarde and Regina Albornoz of Ritch Mueller

Asia Tax Forum 2024: ‘Tax professionals have never been sexier’

by usoftax_admin | May 1, 2024 | Tax News

Pillar two is bound to create a compliance challenge for clients, but the desirability of tax professionals has never been higher, the ITR forum heard

Hunter Biden Threatens To Sue Fox News For ‘Revenge Porn’

by usoftax_admin | May 1, 2024 | Tax News

An attorney representing Hunter Biden threatened Fox News with a lawsuit over allegations it violated New York’s “revenge porn” law by publishing nude pictures of him taken off his notorious laptop, according a letter obtained Monday by Law360.

TracFone Must Pay Wash. City’s Utility Tax

by usoftax_admin | Apr 30, 2024 | Tax News

Prepaid phone businesses are utilities and can be taxed as such under Washington state law, according to a state appeals court that had been posed such a question as part of a dispute between TracFone and a Seattle suburb.

‘Bitcoin Jesus’ Dodged Nearly $50M In Taxes, Feds Say

by usoftax_admin | Apr 30, 2024 | Tax News

The U.S. has charged an early bitcoin investor dubbed “Bitcoin Jesus” over allegations that he dodged approximately $48 million in taxes by filing false tax returns and concealing how much of the cryptocurrency he owned, according to an announcement from...

Automatic accounting method changes list updated by IRS

by usoftax_admin | Apr 30, 2024 | Tax News

The IRS on Tuesday provided a comprehensive list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13 apply. The list includes 21 changes described as significant.
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