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The Tax Angle: Pass-Through Tax Relief, Corporate Rate Cut

by usoftax_admin | Sep 27, 2024 | Tax News

From a look at GOP efforts to extend the tax deduction for pass-through businesses to former President Donald Trump’s proposal to cut the corporate tax rate to 15%, here’s a peek into a reporter’s notebook on a few of the week’s developing tax...

Ex-Residents Say Mass. Stretched Law To Tax $4.7M Gain

by usoftax_admin | Sep 27, 2024 | Tax News

Massachusetts’ taxation of a $4.7 million gain from a stock sale wrongly commingled the business of a former resident taxpayer with that of a company he owned, he and his wife told a state appeals court.

IRS Plans Transition Rules In Basis-Shifting Regs, Atty Says

by usoftax_admin | Sep 27, 2024 | Tax News

The IRS plans to include transition rules in forthcoming proposed regulations that aim to clamp down on abusive tax avoidance practices through complex partnership transactions known as basis shifting, an agency attorney said Friday.

Alvarez & Marsal Tax Appoints Former Weil Official

by usoftax_admin | Sep 27, 2024 | Tax News

Alvarez & Marsal’s tax affiliate announced it has appointed a former Weil Gotshal & Manges LLP executive as a senior official for the firm’s compensation and benefits practice.

Ex-Mass. State Sen. Says Conviction By All-White Jury Unfair

by usoftax_admin | Sep 27, 2024 | Tax News

A former Massachusetts state senator has said his conviction on pandemic unemployment aid and tax fraud charges should be thrown out in part because the jury was all white.
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