by usoftax_admin | Mar 27, 2024 | Tax News
An increased focus by the Czech Republic on transfer pricing audits on arrangements to relicense intangible assets and the reselling of advertising services increased the country’s tax base by 5.8 billion Czech koruna ($248 million) in 2023, the country’s... by usoftax_admin | Mar 27, 2024 | Tax News
The U.S. Treasury Department should let corporations take an aggregate approach regarding certain affiliates that conduct business in foreign currencies when transitioning to new rules for determining taxable income or loss, the American Bar Association’s Tax... by usoftax_admin | Mar 27, 2024 | Tax News
The Internal Revenue Service granted an additional extension of filing and payment deadlines for some Hawaii taxpayers affected by wildfires, the agency said Wednesday. by usoftax_admin | Mar 27, 2024 | Tax News
An Oregon real estate investor is allowed income tax deductions for some expenses accrued while attending an education seminar, the state Tax Court said, but not deductions claimed for international business trip expenses. by usoftax_admin | Mar 27, 2024 | Tax News
The U.S. Supreme Court confronted a complicated dispute Wednesday over whether the estate of a deceased building supply company owner should be taxed on $3 million in life insurance proceeds the company used to buy his shares after his death, with two justices seeming... by usoftax_admin | Mar 27, 2024 | Tax News
A Minnesota charity is entitled to a property tax exemption for its low-income housing development, the state Supreme Court ruled Wednesday, finding that the property is operated by the organization in line with its charitable purpose.