WASHINGTON (Reuters) – The U.S. Tax Court said on Wednesday it has jurisdiction to hear a $ 126.5 million tax dispute between the Internal Revenue Service and Eaton Corp , and that a trial may be scheduled soon. In a case widely watched by other U.S. multinational companies, the IRS and Eaton are battling over a tax bill stemming from two tax agreements the IRS canceled with the company in December 2011. The IRS has argued it broke the agreements because Eaton was not abiding by the terms of the deals. …
Taxes News Headlines – Yahoo! News
There are no comments yet. Why not be the first to speak your mind.