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IRS Seeks Advisory Council Noms, Creates Fairness Panel

by usoftax_admin | Apr 18, 2024 | Tax News

The Internal Revenue Service is seeking nominations for the council that advises the agency’s commissioner, the IRS said Thursday, while the council is also launching a new subcommittee on fairness in tax administration.

Transfer Pricing And Dancing: Recalling KPMG’s Sean Foley

by usoftax_admin | Apr 18, 2024 | Tax News

Sean Foley, who died suddenly in September, was a devoted husband, father, brother and friend and a brilliant colleague. He was one of the world’s top experts in an area of international tax known as transfer pricing, where he became the global leader of...

Jury Of 12 Picked For Trump Hush Money Case In NY

by usoftax_admin | Apr 18, 2024 | Tax News

A jury of 12 New Yorkers was selected Thursday for the hush money trial of former President Donald Trump on charges that he falsified business records to keep news of an extramarital affair from damaging his 2016 electoral prospects.

Mich. Treasury Dept. Clarifies Homestead Property Tax Credit

by usoftax_admin | Apr 18, 2024 | Tax News

Michigan’s Treasury Department clarified when a homestead property tax credit applies to property that is contiguous to a property owner’s home.

IRS Adds 2nd Public Hearing Day On Donor-Advised Regs

by usoftax_admin | Apr 18, 2024 | Tax News

The Internal Revenue Service has added a second, telephone-only public hearing in May on proposed regulations on excise taxes on certain taxable distributions made from donor-advised funds, the agency announced Thursday.

EY expert: TP departments less than ready for compliance

by usoftax_admin | Apr 18, 2024 | Tax News

Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
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