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Taiwan Double-Tax Relief Floated In Senate After House OK

by usoftax_admin | Jan 23, 2025 | Tax News

The Senate Finance Committee introduced bipartisan legislation Thursday that would grant tax benefits to Taiwanese businesses in the U.S. and authorize the White House to negotiate a tax agreement with Taiwan, following the House of Representatives’ approval of...

Tribe Member’s Tax Debts Can Be Discharged, 10th Circ. Told

by usoftax_admin | Jan 23, 2025 | Tax News

The Tenth Circuit should overturn a lower court’s finding that a member of the Muscogee Creek Nation’s tax debts did not qualify for a discharge from bankruptcy, he told the appeals court, saying the debts weren’t based on his actual income.

Corporate Transparency Law Remains Flanked By Threats

by usoftax_admin | Jan 23, 2025 | Tax News

The Corporate Transparency Act is facing threats across the branches of government despite the U.S. Supreme Court pausing a nationwide injunction on it Thursday, with another universal injunction in place, other court battles underway and some Republican lawmakers...

New Reg Hurts Taxpayer’s Penalty Argument, US Tells 5th Cir.

by usoftax_admin | Jan 23, 2025 | Tax News

Final regulations clarifying that an Internal Revenue Service supervisor can approve tax penalties at any time before the agency issues a deficiency notice undermines an appellant’s arguments in a tax dispute, the U.S. government told the Fifth Circuit.

Robocall Schemer’s Estate Agrees To Pay $4.3M In Payroll Tax

by usoftax_admin | Jan 23, 2025 | Tax News

Federal prosecutors and the estate of a telemarketing company owner asked a Michigan federal judge to approve a consent judgment ordering the estate to pay $4.3 million of the company’s outstanding employment taxes.
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