A software-development firm is held liable for corporate tax in New Jersey because of the activities of a lone employee in the state.
A deft argument helps the tax commissioner prove that marketing books in the state sets up Scholastic Books Clubs’s physical presence there.
The IRS successfully argues that a British tax is not an &spamp;ldquo;income tax&spamp;rdquo; and hence can&spamp;rsquo;t be claimed as a foreign tax credit by PPL Corp., a U.S. utility.
Can a company use a net operating loss to diminish future tax returns even though the period for filing a claim has expired?
Overruling one of its examiners, the Internal Revenue Service rules in favor of a land-owning taxpayer.
Canadian judges rule that stock-option cancellation payments made in the run-up to a merger aren’t deductible. They would be in the United States.
A company must give up the benefits of last-in, first-out inventory accounting because it used IFRS for internal reporting standards.
Employers can now enjoy the tax benefits of their incentive payments even when some bonus earners are unknown.
In the case in question, the service accepted the excuse that the company relied on a “qualified tax professional” who failed to make the filing.
How a company lost the right to defer gains on a swap designed to manage interest-rate risk.