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Supreme Court to decide estate tax impact of life insurance in closely held businesses

by usoftax_admin | Apr 3, 2024 | Tax News

This term, the Supreme Court will answer the questions regarding the estate tax treatment of life insurance proceeds received by a closely held business and its shareholder redemption obligations. It heard oral arguments last week.

IRS seeks $2.7 billion in taxes from Walgreens Boots Alliance

by usoftax_admin | Apr 3, 2024 | Tax News

The retail pharmacy chain owner ‘intends to vigorously defend’ its TP position

Fed. Circ. Backs Firing IRS Agent Who Golfed On Agency Time

by usoftax_admin | Apr 3, 2024 | Tax News

A former senior appraiser for the Internal Revenue Service was appropriately fired for golfing on company time, a federal appeals court affirmed Wednesday.

Applying the parent–subsidiary exemption in Poland is becoming more difficult

by usoftax_admin | Apr 3, 2024 | Tax News

Monika Dziedzic and Łukasz Kumkowski of MDDP consider the dividend taxation exemption for payments made by Polish companies and explain the fulfilment of the beneficial ownership requirement by foreign holding companies

This month in indirect tax: UK progresses with CBAM plans

by usoftax_admin | Apr 3, 2024 | Tax News

US and Turkey compromise again on DST, new rules in Belarus on e-services VAT, Malta forced to charge VAT on buying and selling of securities, and more

Trump Wants New Bite At Recusal Over Judge’s Daughter

by usoftax_admin | Apr 2, 2024 | Tax News

Donald Trump is again seeking the recusal of the judge overseeing his Manhattan criminal case, saying the judge’s daughter and her political consulting firm stand to financially benefit from the case, while prosecutors argued Trump’s “daisy chain of...
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