Tag:
USA
International Taxation
No Gift Tax Applicable On Assets Distribution To Surviving Spouse Pursuant To Nonjudicial Agreement: US Tax Court
The US Tax Court has held that gift tax is not applicable on assets distribution to surviving spouse pursuant to non-judicial agreement.The bench...
International Taxation
Corporation’s Net Income To Be Considered As Taxpayer’s Income Even Though Not Received By Him: US Tax Court
The United States Tax Court has held that the corporation’s net income was the taxpayer’s even though he’d received nowhere near that amount in...
International Taxation
Owner Of Capital Interest In Partnership Be Recognized As Partner Regardless Of Participation: US Tax Court
The United States Tax Court has held that the owner of a capital interest in a partnership be recognized as a partner regardless of...
International Taxation
Canada-U.S. Income Tax Treaty Bars Collections Hearing By United States: U.S. Tax Court
The United States Tax Court has held that Canada-U.S. Income Tax Treaty bars collections hearing by the United States.The court opined that it would...
International Taxation
Income Tax Electronic Filing System Stands In Clerk’s Place; Last Day For Electronic Filing Ends Where Clerk’s Office Ends: US Tax Court
The US Tax Court has held that as per the rules a paper “must be filed with the Clerk in Washington, D.C., during business...