by usoftax_admin | Jun 5, 2024 | Tax News
The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early training and broader societal stereotypes — but developing one’s emotional intelligence is one way to foster positive change, collectively and... by usoftax_admin | Jun 5, 2024 | Tax News
The IRS’ successful wielding of the economic substance doctrine to characterize multinational telecommunications corporation Liberty Global’s sophisticated set of intercompany deals as an abusive tax shelter could encourage the agency to apply similar... by usoftax_admin | Jun 5, 2024 | Tax News
The IRS urged the U.S. Supreme Court to overturn a Third Circuit decision finding the U.S. Tax Court’s 90-day deadline for challenging tax bills is not set in stone, arguing the couple defending the ruling are wrongly relying on a 2022 high court decision. by usoftax_admin | Jun 5, 2024 | Tax News
The settlement means the IRS will receive $200 million from the defunct currency exchange’s bankruptcy, a fraction of the claim value by usoftax_admin | Jun 5, 2024 | Tax News
A private pilot for U.K. billionaire Joe Lewis is asking for no prison time after pleading guilty to insider trading on stock tips provided by his boss, arguing that he has otherwise lived a law-abiding life and is less culpable than many white-collar defendants... by usoftax_admin | Jun 5, 2024 | Tax News
The Internal Revenue Service moved up an open meeting of the Taxpayer Advocacy Panel’s Notices and Correspondence Project Committee to June 18, it said Wednesday. by usoftax_admin | Jun 5, 2024 | Tax News
UK Court of Appeal rules against hotel group on recoverable VAT; European prosecutors nab missing trader fraudsters; Nigeria rakes in more indirect tax by usoftax_admin | Jun 5, 2024 | Tax News
FTX and the Internal Revenue Service have reached a proposed settlement worth roughly $885 million that would resolve the agency’s contention that the bankrupt cryptocurrency exchange operator owes $8 billion in taxes, according to a motion filed Monday in... by usoftax_admin | Jun 4, 2024 | Tax News
Recreational marijuana advocates have successfully put a measure on South Dakota’s November ballot, giving state voters a third shot at legalizing the drug just two years after they declined to do so. by usoftax_admin | Jun 4, 2024 | Tax News
Mastercard’s network, which allows cardholders to buy goods and services and withdraw money, is its income-producing activity, occurs within South Carolina, and thus obligates the company to pay about $7.7 million in taxes, fees and interest, a state...