by usoftax_admin | Apr 23, 2024 | Tax News
A Swiss couple who incurred $500,000 in penalties for failing to report millions of dollars they held in Swiss bank accounts can’t get out of paying, the D.C. Circuit ruled Tuesday, rejecting their argument that the IRS didn’t properly approve the... by usoftax_admin | Apr 23, 2024 | Tax News
Updated Internal Revenue Service guidance that would help multinational corporations pursue advance pricing agreements will likely be released in a few months, an agency official said Tuesday. by usoftax_admin | Apr 23, 2024 | Tax News
A Florida federal judge has ordered two men to pay $1.8 million to the U.S. government and sentenced them to three years in prison after they confessed to recruiting migrants without employment authorization and failing to report workers’ wages for tax... by usoftax_admin | Apr 23, 2024 | Tax News
Two companies that supply 40% of U.S. tomato paste and diced tomatoes asked the Ninth Circuit to allow deduction of their facilities’ restoration costs during the tax year in which the tomatoes are processed, even though the companies don’t pay the... by usoftax_admin | Apr 23, 2024 | Tax News
Utah’s most populous county failed to show that a state law for valuing aircraft undervalued property belonging to Delta Air Lines and violated the state constitution, the state Supreme Court ruled. by usoftax_admin | Apr 23, 2024 | Tax News
The draft form, which when finalized will be used by brokers to report digital asset transactions, reflects the language of the proposed regulations, including a broad definition of “broker.”