by usoftax_admin | Jun 3, 2024 | Tax News
The Internal Revenue Service has promised to pay a Texas oil company more than $36 million in tax refunds and credits for the 2009 tax year but has failed to do so, the company told a federal court. by usoftax_admin | Jun 3, 2024 | Tax News
Investors accusing Vanguard and its top brass of violating its fiduciary duties by triggering a sell-off of assets in target retirement funds in an attempt to lower fees, leaving smaller investors with massive tax bills, asked a Pennsylvania federal court to certify... by usoftax_admin | Jun 3, 2024 | Tax News
The federal government’s move to loosen restrictions on cannabis is expected to trigger a wave of mergers and acquisitions structured as asset deals in the industry, especially among struggling retail operations willing to restructure in order to raise profits... by usoftax_admin | Jun 1, 2024 | Tax News
As the calendar flips over to June, the U.S. Supreme Court still has heaps of cases to decide on issues ranging from trademark registration rules to judicial deference and presidential immunity. Here, Law360 looks at 10 of the most important topics the court has yet... by usoftax_admin | May 31, 2024 | Tax News
The IRS said it agrees with the six recommendations from the Government Accountability Office to eliminate the bias. by usoftax_admin | May 31, 2024 | Tax News
Multinational conglomerate 3M reiterated Friday its bid for the Eight Circuit to reverse a U.S. Tax Court decision allowing the IRS to allocate nearly $24 million from the company’s Brazilian affiliate, arguing the agency’s adjustment relied on... by usoftax_admin | May 31, 2024 | Tax News
Recent IRS guidance limiting the types of spinoff transactions that revenue officials will approve as tax-free ahead of time leaves practitioners and corporations to determine whether to pursue certain intercompany reorganizations without the agency’s... by usoftax_admin | May 31, 2024 | Tax News
Florida will allow fiduciaries to reimburse owners of certain trusts for income taxes paid under a bill signed by Republican Gov. Ron DeSantis. by usoftax_admin | May 31, 2024 | Tax News
Colorado is creating a pilot program to provide a tax credit for developers of housing aimed at middle-income residents under a bill signed into law by Gov. Jared Polis. by usoftax_admin | May 31, 2024 | Tax News
A water services company told the New Jersey Tax Court it was wrongly denied a sales and use tax refund of nearly $1.3 million, saying its claims were timely filed and the transactions at issue were not taxable.