by usoftax_admin | Apr 17, 2025 | Tax News
The Internal Revenue Service said Thursday it plans to revoke partnership basis-shifting regulations, which were finalized in early January to compel businesses engaged in such potentially abusive tax avoidance strategies to report them under the threat of... by usoftax_admin | Apr 17, 2025 | Tax News
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says... by usoftax_admin | Apr 17, 2025 | Tax News
The U.S. Tax Court upheld Thursday the Internal Revenue Service’s proposed collection actions against a couple, saying that an agency settlement officer did not abuse her discretion in sustaining a lien. by usoftax_admin | Apr 17, 2025 | Tax News
A Connecticut federal judge denied a man’s attempt to vacate his guilty plea for tax evasion, despite accepting that his lawyers had misled him into believing that if he received no prison time he could avoid mandatory detention and likely deportation by U.S.... by usoftax_admin | Apr 17, 2025 | Tax News
Harvard University said Thursday that there is no legal basis to rescind its tax-exempt status amid an investigation by President Donald Trump’s administration into whether the university has violated the terms of that status.