by usoftax_admin | Dec 16, 2024 | Tax News
A federal judge in Michigan said new disclosure requirements for small businesses seem burdensome and intrusive during a Monday hearing focused on the privacy implications of the currently blocked anti-money laundering law. by usoftax_admin | Dec 16, 2024 | Tax News
While the U.S. Tax Court is sympathetic to a Texan’s complaint that the Internal Revenue Service’s levy procedure will result in his facing an endless string of collection actions, he still must pay his $12,500 deficiency from 2021, the Tax Court said... by usoftax_admin | Dec 16, 2024 | Tax News
A gold and silver broker who made fatuous arguments that he wasn’t subject to income taxes owes $3 million in liabilities, the Sixth Circuit ruled, upholding a U.S. Tax Court decision. by usoftax_admin | Dec 16, 2024 | Tax News
A New York state appeals court ruling from earlier this year that upheld a sales tax assessment on usage agreements for laser medical equipment created a presumption of taxability for bundled transactions that is difficult for businesses to overcome, practitioners... by usoftax_admin | Dec 16, 2024 | Tax News
An Illinois couple must recalculate the more than $36 million in net operating loss carryforward deductions they claimed in 2008 and 2009, the U.S. Tax Court said Monday, siding with the Internal Revenue Service’s determination that they had improperly included...