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journalofaccountancy.com /1 week ago

Final regs. modify reporting obligations for Form 8308, Part IV

The final regulations published Tuesday by the IRS stick with the proposed regulations that modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or E...

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jdsupra.com /2 weeks ago

Accumulated Losses: May Recognize Distributable Profits

An Israeli district court recently issued a ruling in Tax Appeal 36830-07-23 Av-Shal Investments and Trading Ltd. v. Haifa Tax Assessor. This ruling expands the interpretation of t...

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jdsupra.com /1 month ago

Taxes in Share Purchase Agreements: Pre-Closing Tax Liabilities (Refresher)

In this refresher of an installment in a series on taxation issues in share purchase agreements, we discuss the provisions in a share purchase agreement that deal with the pre-clos...

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accountingtoday.com /1 day ago

IRS offers look-back interest calculator for contracts

The Excel-based calculator can help companies working on large, multiyear construction or manufacturing projects compute the interest for the contracts.

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thetaxtalk.com /1 month ago

DTAA Compliance Gets Stricter: Form 10F Now Mandatory for All Treaty Claims

DTAA Compliance Gets Stricter: Form 10F Now Mandatory for All Treaty Claims A significant procedural shift has been introduced under the Income-tax Act, 2025 and Income-tax Rules...

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natlawreview.com /1 week ago

Tax Planning for Carve-Out and Take-Private Transactions: Use of Selective Section 338 and/or 336 Elections

In carve-out transactions, especially in take-private transactions backed by private equity (PE), tax friction costs can often make or break a deal. By the same token, creative tax...

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studycafe.in /1 month ago

ITAT Grants Section 54F Relief; Accepts Stamp Value for Cost

ITAT Grants Section 54F Relief; Accepts Stamp Value for Cost The assessee, an individual, filed his return for AY 2023–24 declaring income of Rs. 54.83 crore. The case was picked u...

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jdsupra.com /3 weeks ago

Recent Internal Revenue Service Private Letter Rulings Clarify Application of Sections 865(h) and 904(h)(10) Under Treat...

Where a treaty permits a foreign jurisdiction to tax income that U.S. law treats as U.S. source, a U.S. taxpayer may be limited in their ability to claim a foreign tax credit unles...

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studycafe.in /3 weeks ago

Cost-to-cost reimbursements of foreign entity cannot be subjected to withholding tax as FTS/royalty: SC

Cost-to-cost reimbursements of foreign entity cannot be subjected to withholding tax as FTS/royalty: SC AECOM Technical Services Inc. Is a company based in the United States. This...

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journalofaccountancy.com /1 week ago

FASB issues standard for clarifying environmental credit disclosures

FASB’s chair said that the Accounting Standards Update features guidance “that previously did not exist” related to environmental credits and environmental credit obligations.

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jdsupra.com /2 weeks ago

New Criteria for Tax Audits and Refunds: Greater Tax Certainty for Your Business

New Criteria for Tax Audits and Refunds: Greater Tax Certainty for Your Business...By: Foley & Lardner LLP

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natlawreview.com /2 weeks ago

New Criteria for Tax Audits and Refunds-Greater Tax Certainty for Your Business

New Criteria for Tax Audits and Refunds: Greater Tax Certainty for Your Business Recently, Mexico’s Ministry of Finance (SHCP) published the “Agreement Establishing General Cr...

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accountingtoday.com /1 week ago

FASB issues environmental credit standard

The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

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studycafe.in /1 month ago

ITAT Fixes ALV on Unsold Inventory; Disallows Unsupported Expenses

ITAT Fixes ALV on Unsold Inventory; Disallows Unsupported Expenses M/s. Haware Engineers and Builders Pvt. Ltd., a real estate developer, filed its income tax returns for AYs 2016-...

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jdsupra.com /1 week ago

The July 6 Deadline is Weeks Away. Is Your Business Ready?

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. One of the most significant provisions was the restoration of immediate expensing for domestic research...

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jdsupra.com /1 week ago

The July 6 Deadline is Weeks Away. Is Your Business Ready?

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. One of the most significant provisions was the restoration of immediate expensing for domestic research...

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journalofaccountancy.com /1 week ago

FASAB seeks feedback on proposed practical expedient for embedded leases

Comments are requested by July 30 on a proposal that would allow reporting entities to apply a practical expedient to contracts or agreements that meet certain eligibility conditio...

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survivefrance.com /1 month ago

2025 French tax returns

JohnH: I need to include my pension lump sum so it could be dramatic That is the perfect example of when you should (strictly ‘must’) use the actual rate on the day of receipt....

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survivefrance.com /1 month ago

2025 French tax returns

JohnH: I need to include my pension lump sum so it could be dramatic That is the perfect example of when you should (strictly ‘must’) use the actual rate on the day of receipt....

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natlawreview.com /3 weeks ago

Burlington in the Court of Appeal: New Guidance on Purpose Tests and Access to Treaty Benefits

The Court of Appeal has confirmed in Burlington Loan Management DAC v HMRC that “obtaining the benefit of” a tax treaty is not the same as “taking advantage of” it. The treaty anti...

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roi-nj.com /2 weeks ago

Public accounting veteran Werth joins EisnerAmper as corporate tax partner

Global business advisor EisnerAmper announced that Raymond J. Werth has joined the firm as a corporate tax partner. With more than 25 years of public accounting experience, Werth a...

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natlawreview.com /2 weeks ago

IRS roundup: May 1 – May 11, 2026

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 1, 2026 – May 11, 2026. May 1, 2026: The IRS Office of Chief Counsel i...

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thetaxtalk.com /5 days ago

AO Cannot Replace DCF Method with NAV Method for Share Valuation Under Section 56(2)(viib): Mumbai ITAT Deletes ₹36.54 C...

AO Cannot Replace DCF Method with NAV Method for Share Valuation Under Section 56(2)(viib): Mumbai ITAT Deletes ₹36.54 Crore Addition In a major ruling on startup and share premium...

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studycafe.in /1 week ago

Income Tax: Section 40A(2)(a) Not Applicable on Share Investment Without Claimed Expenditure, says ITAT

Income Tax: Section 40A(2)(a) Not Applicable on Share Investment Without Claimed Expenditure, says ITAT ITAT Ahmedabad held that Section 40A(2)(a) could not be invoked merely becau...

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