Today’s opinion from the Texas Third Court of Appeals at Austin in Richmont Aviation, Inc. v. Combs, et al., No. 03-11-00486-CV (September 12, 2013), could radically change the way that taxpayers can bring Texas tax disputes in the state’s courts.
In going through my draft posts, I came upon a completed one from 2012 that I unintentionally failed to post. More than a bit late, but here goes.
In CCA 201336018, issued on September 6, 2013, the Chief Counsel’s Office issued an advisory opinion under Section 864(e) in determining a domestic corporation common parent’s interest expense allocation and apportionment for foreign tax credit purposes, adjusted basis in shares of related foreign stock and other interest optionally payable in foreign corporation’s stock.
Minnesota Management and Budget (MMB) announced revenue collections for August are $26 million less than projected. For the FY 2014-2015 biennium (which began July 1), collections are running $46 million behind what was predicted by the February 2013 Forecast.
ESPN reported in August that Heisman Trophy winner Johnny Manziel “…agreed to sign memorabilia in exchange for a five-figure flat fee during his trip to Miami for the Discover BCS National Championship.”
Our previews of the Illinois Supreme Court’s September docket continue with Hartney Fuel Oil Co. v. Hamer, which will be argued this morning in Chicago.
Complications involved in estate planning are heightened not only by the value of an estate, but also by connections assets share with two or more jurisdictions.
Tax records will be shared around the world by 2015 as part of a G20 pledge to crack down on international tax evasion. China was the sole holdout until it agreed to the plan just days before the summit in St. Petersburg.
On August 29, 2013, the U.S. Department of Justice announced a program, supported by the Swiss government, to encourage all Swiss banks to admit their role in U.S. tax evasion in exchange for non-prosecution agreements and substantial monetary penalties.
The U.S. Department of the Treasury and the Internal Revenue Service have publishedproposed rules establishing reporting requirements for employers and insurers under the Affordable Care Act (“ACA”), or Obamacare.