Three conservation easement donors have asked the IRS to admit it backdated penalty approval forms in their cases, after the agency recently admitted it backdated an approval form in a separate easement case.
The US clean energy industry in a public hearing Monday encouraged the Treasury Department and the IRS to make adjustments to proposed rules on the direct payment of clean energy tax credits.
Failures at the IRS to adequately train and discipline staff have led to violations of taxpayers’ rights to representation in tax disputes, the Treasury Inspector General for Tax Administration said in a new report.
New evidence must “probably ... change the outcome of the case” in order to meet the U.S. Tax Court’s standard for granting a motion to reopen, the Court of Appeals ...
Appeal by Defendants, a local councilman and his executive assistant, alleging evidentiary and sentencing errors for tax-related convictions were without merit, the U.S. Court of Appeals for the Sixth Circuit ...
Plaintiffs, who sought a refund of penalties assessed for failing to report certain life insurance arrangements considered reportable transactions under Notice 2007-83, and whose previous complaint had been dismissed, exhausted ...
Recent changes to Brazil’s transfer pricing rules mean multinational companies should start preparing for the application of new transaction methods, the arm’s length principle, and revised documentation requirements. Early adopters can start complying this year, though the new regime doesn’t take effect until 2024.
States must deal with the need to expand and modernize their tax policies to address emerging technologies, they told Bloomberg Tax in an annual survey.
EV charging stations have landed in the crosshairs of states trying to make up for lost gas tax revenue, even while legislators are using incentives to propel the green energy transition.
Paul DePasquale of Baker McKenzie and Flávia Gerola of Trench Rossi Watanabe address usufructs as a wealth-planning tool for Brazilian families and relevant points of attention when dealing with US connections.
US companies operating in Puerto Rico generally can offer their local employees the same health care benefits they offer their US employees but need to consider differences in the tax rules and be aware of tax savings opportunities, says Carlos Gonzalez of BenefitsPuertoRico.com.
BDO’s National Technical Practice Leader for state and local taxes, Scott Smith, provides his take on whether states should treat global intangible low-taxed income as a foreign-source dividend for corporate income tax purposes.
Rising onion prices in India pose a greater risk to Prime Minister
A taxpayer who defeated an IRS penalty can’t add evidence to the US Tax Court’s record that he argued would make him entitled to sanctions for a discovery violation, a federal appeals court ruled.
Two of the top five listed company auditors in the UK are now from outside of the Big Four firms, according to figures released Tuesday which showed smaller firms picking up market share as big firms shed smaller clients.
Washingtonians challenging their state’s new capital gains tax told the US Supreme Court on Monday that the ruling upholding the levy “opens a pandora’s box of dangerous practical implications on a national scale.”
The IRS has called on an Arizona district court to enforce a summons on a captive insurance company it is investigating for potential tax avoidance.
Former Cleveland city councilman Kenneth Johnson and his ex-executive assistant Garnell Jamison lost their bids to undo convictions for federal program theft and other offenses, after the Sixth Circuit said none of their arguments had merit.
In search of consensus on Brazil’s tax reform, talks with Senate will continue, Brazil’s Lower House speaker
The US accounting standard setter said Monday it would press on with a project that would force companies to share more details about the income taxes they pay—despite pressure from lawmakers and business groups to drop the proposal.
The SEC said New York-based fintech investment adviser Titan Global Capital Management has been charged for using misleading hypothetical performance metrics in advertisements between 2021 and 2022.
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US law firms troubled by China’s security clampdown, Taiwan warnings, and civil liberties limits are turning to Singapore as a place to expand their Asia presence.
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