The U.S. government shutdown is now into its 16th day, creating confusion and havoc in the U.S. tax community across the globe. The AICPA commented earlier today that fears are growing for the accumulating effects of the shutdown. Last week the AICPA made its second...
The Tax Court case of Virginia-based taxpayers Toso & Salman tested several US tax principles which affect all US citizens and residents[1]. Those principles include the statute of limitations, the definition of ‘gross income’, and the ability to offset...
