by usoftax_admin | Apr 26, 2024 | Tax News
The Internal Revenue Service denied allegations by Abbott Laboratories that it incorrectly increased the global healthcare giant’s income, resulting in a $417 million tax bill, in answering Abbott’s lawsuit filed with the U.S. Tax Court. by usoftax_admin | Apr 26, 2024 | Tax News
Laura Hinton would have been the first-ever woman in that position by usoftax_admin | Apr 26, 2024 | Tax News
The former general counsel for Moody’s Corp. has pled guilty to willfully failing to file federal income tax returns for four years in which he collected $54 million in income, federal prosecutors announced Friday. by usoftax_admin | Apr 25, 2024 | Tax News
The IRS issued final regulations regarding the election to transfer certain clean energy tax credits. The regulations include specific rules for partnerships and S corporations as eligible taxpayers and transferee taxpayers. by usoftax_admin | Apr 25, 2024 | Tax News
A pending U.S. Supreme Court decision on when people can challenge federal regulations could put the breaks on lawsuits against old tax regulations just after the U.S. Tax Court invalidated a 1986 conservation easement rule. by usoftax_admin | Apr 25, 2024 | Tax News
The city of Cleveland moved to dismiss Thursday its appeal of a lower court’s order finding it couldn’t impose municipal income tax on a Pennsylvania resident working remotely, handing her the win and essentially ending the matter.