The Tax Court held that Amazon.com had properly valued transfers of intangibles under a cost-sharing arrangement with its Luxembourg subsidiary.
The IRS Office of Professional Responsibility has no authority or jurisdiction over a disbarred attorney/tax preparer or his tax preparation practice and cannot regulate his provision of tax advice a federal district court in Nevada has held.
The IRS announced that it would grant “eligible taxpayers” who are affected by this week’s winter storm on the East Coast extra time to file their requests for filing extensions.
The IRS announced that has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid.
The draft proposals to repeal the Affordable Care Act released by House Republicans would make many tax changes if enacted. Here’s a look at their impact on the tax code.
The AICPA leads effort to promote state-level uniformity.
Changes to 15-year and bonus depreciation rules and Sec. 179 expensing may deliver tax savings to business clients.
The Tax Court cites a lack of earnings and profits.
Popular employer arrangements to reimburse medical expenses had been penalized by the Affordable Care Act.
A self-imposed loan restriction to pay salaries does not encumber funds owed to the government.
The treatment of foreign goodwill or going concern value is clarified.
FBARs get automatic extensions...Eligibility rule waiver extended for tangible property regs. automatic method changes...Standard mileage rates for 2017
The Tax Court rejects a taxpayer's argument for an exception under Sec. 1031(f)(2)(C) of no principal purpose of tax avoidance.
The arrangement could be a model for other companies.
This article reviews recent developments in three areas.
Public and management accountants in India will be busier than ever because the move is expected to bring a large portion of the population into a more institutional tax and banking system.
The IRS issued its roundup of the 12 biggest tax scams that taxpayers should watch out for this filing season.
The IRS announced that it will not reject tax returns just because a taxpayer has not indicated on the return whether the taxpayer had health insurance, was exempt, or made a shared-responsibility payment under Sec. 5000A.
The start of a new year allows clients to take a fresh look at their investment strategy.
The IRS announced that as of Sunday it has suspended the e-Services accounts of users who failed to verify their identities in accordance with letters sent out in December.