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4th Circ. Upholds Levy Against Md. Man’s Tax Liability

by usoftax_admin | Feb 24, 2025 | Tax News

The Fourth Circuit rejected Monday a Maryland man’s attempt to vacate a Tax Court opinion that allowed the IRS to go ahead with a levy to collect his tax liability, saying it found no issue with the determination that he lacked any overpayments to offset his...

Ex-Goldman Exec Owes For Not Filing FBARs, US Says

by usoftax_admin | Feb 24, 2025 | Tax News

A former Goldman Sachs banking executive who lives in Australia owes penalties to the Internal Revenue Service for failing to report foreign bank accounts she held, the U.S. government told a D.C. federal court.

High Court Won’t Hear Tax Tipster’s $690M Award Claim

by usoftax_admin | Feb 24, 2025 | Tax News

The U.S. Supreme Court declined on Monday to review a man’s claim for a $690 million whistleblower award for undercover recordings and tips he gave the IRS that he said led to the arrests of Swiss bankers and the success of an offshore tax disclosure...

How Design Thinking Can Help Lawyers Find Purpose In Work

by usoftax_admin | Feb 24, 2025 | Tax News

Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say...

Justices’ Certiorari Denial Leaves Interstate Tax Questions

by usoftax_admin | Feb 24, 2025 | Tax News

Since the U.S. Supreme Court recently declined to review a Philadelphia resident’s claim that her Delaware state income taxes should be credited against her city wage tax liabilities, constitutional questions about state and local tax distinctions linger, and some...
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