The U.S. Treasury Department announced plans Thursday to issue regulations for international tax provisions that were modified under the federal budget bill in July, including guidance to help corporations calculate foreign tax credits on certain types of overseas income.
The U.S. Treasury Department announced plans Thursday to issue regulations for international tax provisions that were modified under the federal budget bill in July, including guidance to help corporations calculate foreign tax credits on certain types of overseas income.
A U.S. Tax Court judge closely questioned Thursday an expert for Eaton who said potential investors would not have counted on financial support from the company's parent in the event it couldn't meet its obligations after acquiring an Irish entity and inverting in 2012.
The commissioner of the IRS' Large Business and International Division, who was placed on leave, told a D.C. federal court that she cannot find a new job due to the agency's alleged unlawful leak of information on her employment status to the media.
Partners who are active participants in a partnership's business despite their status as limited partners under state law are not exempt from the self-employment tax, New York University's tax law center told the First Circuit in support of the federal government.
An Ohio business owner failed to report wages, constructive dividends and capital gains income from his transportation and logistics firm, the U.S. Tax Court ruled Thursday, upholding the Internal Revenue Service's deficiency determinations.
The Internal Revenue Service released on Thursday the 2025 list of required changes to certain individually designed retirement plans, including modifications to rules governing minimum distributions, partnerships and trusts.
