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La. Tax Board Says Grainger Must Give Info On Other Protests

by usoftax_admin | Mar 18, 2024 | Tax News

Industrial manufacturing and services company W.W. Grainger must provide documents relating to administrative protests in other states as it disputes its Louisiana corporate tax liability, the state Board of Tax Appeals ruled.

Ariz. Rebates Subject To Federal Tax, IRS Tells Court

by usoftax_admin | Mar 18, 2024 | Tax News

Arizona’s one-time 2023 payments to taxpayers are subject to federal taxation because they do not qualify for exclusions for general welfare or disaster relief payments, the Internal Revenue Service told a federal court.

Justices Won’t Review Dead Film Exec’s IRS Summons

by usoftax_admin | Mar 18, 2024 | Tax News

The U.S. Supreme Court on Monday denied a request from the daughter of a dead film executive to consider invalidating an IRS summons for her father’s financial records, letting stand a Ninth Circuit decision that found the agency sought the records in good...

Online Biz Account Authentication A Challenge, Werfel Says

by usoftax_admin | Mar 18, 2024 | Tax News

Establishing an effective user authentication method for companies using online business tax accounts is a challenge for the Internal Revenue Service and the agency wants suggestions on how to do it, commissioner Daniel Werfel said Monday.

Treasury Mulling Whether To Keep Foreign Tax Credit Regime

by usoftax_admin | Mar 18, 2024 | Tax News

The U.S. Treasury Department is considering whether the best way to provide administrable foreign tax credit rules and address related policy concerns is to retain the framework from paused final regulations or develop a new one, a Treasury official said Monday.

Tennis Job No Reason To Slice ‘Varsity Blues’ Term, Feds Say

by usoftax_admin | Mar 18, 2024 | Tax News

A tennis instructor job in New York is no reason to grant an early end to the home confinement portion of a sentence given to a former Georgetown University coach for his role in the “Varsity Blues” college admissions scandal, prosecutors told a...
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