News
Refunds of Trump Tariffs Set Stage for Transfer Pricing Headache
1+ day, 10+ hour ago (675+ words) The Trump administration has started refunding the tariffs that the US Supreme Court overturned in February. Distributors'companies that purchase goods from manufacturers and resell them to customers'often serve as importers of record and would be entitled to refunds of tariffs…...
IRS Will Restart "Significant-Issue" Letter Rulings on Spin-Offs
3+ week, 3+ day ago (26+ words) The IRS will resume providing private letter rulings to taxpayers on "significant issues" within their corporate reorganizations and spinoffs under certain circumstances, the agency said Tuesday....
Refunds on Trump Tariffs Pose Accounting Dilemmas for Companies
1+ mon, 1+ day ago (880+ words) Nike Inc. and Levi Strauss & Co. are among companies grappling with how to record refunds on the Trump administration's tariffs in their financial reports while uncertainty related to the payments persists. C-suite leaders will have to justify their financial reporting…...
Missing Installment Deal Documents Stymie Government's Tax Lien
2+ mon, 3+ week ago (120+ words) news. bloombergtax. com The US government can't foreclose on a tax lien on a taxpayer's home because of outstanding questions and the lack of key documentation related to an installment agreement he said was wrongly terminated, a federal judge in…...