by usoftax_admin | Oct 3, 2024 | Tax News
One attorney hasn’t lost a single U.S. Supreme Court case she’s argued, or even a single justice’s vote. One attorney is perhaps “the preeminent SCOTUS advocate.” And one may soon become U.S. solicitor general, despite acknowledging there... by usoftax_admin | Oct 3, 2024 | Tax News
South Carolina’s highest court said Thursday it will review an appeals court opinion holding Amazon was required to collect and remit sales tax on products sold on its marketplace in 2016, before the landmark Wayfair decision, and owes the state $12.5 million in... by usoftax_admin | Oct 3, 2024 | Tax News
A Delaware corporation with three Irish subsidiaries must pay Irish taxes on distributions to its U.S. partners because a U.S.-Ireland tax treaty designed to prevent double taxation does not apply, the Irish High Court ruled. by usoftax_admin | Oct 3, 2024 | Tax News
The owner of an assisted living company may not deduct passive losses for a group home he renovated because he spent too few hours working on repairs to qualify as a real estate professional, the U.S. Tax Court ruled Thursday. by usoftax_admin | Oct 3, 2024 | Tax News
Roughly 2.8 million taxpayers in 2021 received early retirement distributions totaling $12.9 billion but did not pay the additional 10% tax or file for an exception, the Treasury Inspector General for Tax Administration said Thursday.