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IRS’ Taxpayer Advocacy Panel Schedules April Meeting

by usoftax_admin | Mar 7, 2024 | Tax News

The Internal Revenue Service’s Taxpayer Advocacy Panel Joint Committee scheduled its next public meeting for April 22, the agency said Thursday.

Italy’s investment management exemption: new TP regulations for asset managers’ remuneration

by usoftax_admin | Mar 7, 2024 | Tax News

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente report on the publication of guidelines concerning the compensation of asset managers that provide services to entities within the same group

Biden To Lay Out 28% Corporate Rate, Wealth Taxes

by usoftax_admin | Mar 7, 2024 | Tax News

President Joe Biden, in his Thursday night State of the Union address, will propose raising the corporate tax rate to 28% from 21% and increasing the corporate alternative minimum tax rate to 21% from 15%, according to senior administration officials.

Software Exes Tried To Save Co. With Trust Taxes, Jury Told

by usoftax_admin | Mar 6, 2024 | Tax News

Prosecutors and defense attorneys on Wednesday painted competing pictures of two former software executives at the start of their tax fraud trial in North Carolina, with the government characterizing the pair as liars and cheaters while the defense claimed they were...

Ill. Appeals Court Revives Chicago Real Estate Tax Measure

by usoftax_admin | Mar 6, 2024 | Tax News

A Chicago referendum seeking authorization to impose tiered real estate transfer tax rates can proceed, an Illinois state appeals court ruled Wednesday, reversing a Cook County Circuit Court decision that blocked the city from counting votes on the measure.

Impending Corp. Spinoff Guidance Could Refine Tax-Free Test

by usoftax_admin | Mar 6, 2024 | Tax News

Tax attorneys are watching to see if highly anticipated corporate spinoff guidance will help determine whether transactions qualify for tax-free status with more clarity than current regulations, and without controversial bright-line rules that were floated several...
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