Page 10 - Tax Notes News Today

The Internal Revenue Service makes clear that taxpayers who willfully conceal or alter tax documents risk severe penalties. But what happens when government auditors are caught manipulating documents and hiding

Robert Kerr, formerly with the IRS and now with Kerr Consulting, discusses latest developments from the IRS, including the tax agency’s plans for a government shutdown and its handling of the employee retention credit.

Breaking News, Sports, Manitoba, Canada

Garrett Brodeur, a tax attorney based in Washington, D.C., discusses the recently released proposed regulations for the cryptocurrency industry and their potential effect on digital asset transactions.

/PRNewswire/ -- On September 14th the Internal Revenue Service ("IRS") announced a moratorium on the processing of Employee Retention Credit ("ERC") claims...

Tax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response.

ORDINANCE 2023-33 An ordinance of the City of Midlothian, Texas, amending the Code of Ordinances by amending Chapter 11 titled “Taxation” by amending Article 11.02 titled “Ad Valorem Taxes” by amending Division 2 titled “Exemptions”

The financial summary on this item specifically included an ad valorem tax rate of $0.650000 (M&O: $0.329455; I&S $0.320545) to generate $22,247,004

Both chambers made some progress on spending plans for fiscal 2024, though, as usual, not nearly enough to be able to make the Sept. 30 deadline.

Ryan Finley of Tax Notes provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate tax reform plan and discusses the fundamental dispute over it.