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Exxon Asks To Add 2 Chemicals To Taxable Substances List

by usoftax_admin | May 13, 2025 | Tax News

The Internal Revenue Service asked for comments Tuesday on proposals by Exxon Mobil to add two chemicals to the agency’s list of taxable substances.

Cahill Gordon Recruits Fried Frank Digital Assets Co-Leader

by usoftax_admin | May 13, 2025 | Tax News

Cahill Gordon & Reindel LLP has added the former co-head of Fried Frank Harris Shriver & Jacobson LLP’s digital assets and blockchain practice as a partner in Washington, D.C., the firm announced Tuesday. 

Feds Say Tribal Tariff Dispute Must Stay In US Trade Court

by usoftax_admin | May 12, 2025 | Tax News

The U.S. Department of Homeland Security is fighting Montana tribal members’ attempt to stop the transfer of their lawsuit challenging President Donald Trump’s Canada tariff orders from federal court to the U.S. Court of International Trade, saying the CIT...

DC Judge Declines To Block IRS From Sharing Info With ICE

by usoftax_admin | May 12, 2025 | Tax News

A D.C. federal judge rejected Monday a trio of immigration advocacy groups’ request to block the Internal Revenue Service from sharing with immigration enforcement agencies the names and addresses of people suspected of being in the country illegally.

The IRS Shouldn’t Go To War Over Harvard’s Tax Exemption

by usoftax_admin | May 12, 2025 | Tax News

If the Internal Revenue Service revokes Harvard’s tax-exempt status for violating established public policy — a position unsupported by currently available information — the precedent set by surviving the inevitable court challenge could undercut the autonomy...
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