by usoftax_admin | Jan 1, 2025 | Tax News
While Republicans will hold majorities in both chambers of Congress in 2025, internal party divisions and procedural hurdles could complicate the GOP’s effort to renew its 2017 tax overhaul law. Here, Law360 details federal tax policy to watch this year. by usoftax_admin | Jan 1, 2025 | Tax News
Major multinational corporations such as 3M and Coca-Cola will continue to litigate high-stakes international tax cases during 2025, including transfer pricing disputes with billions of dollars on the line and fights against regulations that allegedly exceed the... by usoftax_admin | Jan 1, 2025 | Tax News
Over the next year, tax practitioners will be closely monitoring suits that challenge the IRS’ use of the economic substance doctrine, take advantage of the U.S. Supreme Court’s landmark decision curbing federal agencies’ regulatory authority and... by usoftax_admin | Dec 27, 2024 | Tax News
Three days after a panel of judges granted a government motion to lift the injunction, another panel said it was reinstating a lower court’s ruling. An AICPA statement urged CPAs to be prepared to file BOI reports. A statement by the Financial Crimes Enforcement... by usoftax_admin | Dec 25, 2024 | Tax News
The Fifth Circuit on Monday lifted a lower court’s nationwide block of a federal corporate transparency law, ruling in an unpublished order that the federal government made a “strong showing” that it could successfully defend the law’s...