The Tax Court has concluded that a foreign corporation's proceeds from the redemption of a U.S. limited liability company that was treated as a partnership for U.S. income tax purposes was not U.S.-source income and was not effectively connected with a U.S. trade or business. Grecian Magnesite Mining, Industrial & Shipping Co. SA had already…
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Private Debt Collectors Threatening Taxpayers To Pay Their Debts?
On Tuesday, April 4, 2017 ,we posted Private Debt Collection of Some Overdue Federal Taxes Starts in April! where we discussed that the IRS announced that it plans to begin private collection of certain overdue federal tax debts next spring and has selected four contractors to implement the new program. According to the IRS the Internal Revenue…
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Vote For TaxAid's Blog “The Tax Times” As One of Your Favorite Blogs!
Let the ABA know if you enjoy reading TaxAid.com's Blog "The Tax Times." Go to Web 100 to Submit your nomination. Below we have provided some of the required answers to facilitate this process for you: Format - check Blog Title - TaxAid.com Blog "The Tax Times" Homepage - http://taxaid.com/blog/ Example - Pick your own…
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IRS Agree On Tax Refund Due Amazon In $1.5B Dispute
we previously posted on March 27, 2017 Amazon Defends It's Pricing and Tax Court Issues the IRS its 2nd Large §482 Defeat On January 5, 2015 we where we discussed that the US Tax Court ruled against the IRS in this $1.5 billion transfer pricing dispute with Amazon, which currently has experts calling for a re-examination of…
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