by usoftax_admin | Aug 14, 2024 | Tax News
Although the Internal Revenue Service has increased its scrutiny of complex partnership structures, which must demonstrate their economic substance and business purpose, recent cases and IRS guidance together provide a reliable road map for creating legitimate tax... by usoftax_admin | Aug 14, 2024 | Tax News
Several anti-tax initiatives in Washington state, including one to repeal the long-embattled tax on capital gains, may remain on the November ballot, the state’s highest court said, rebuffing opponents that tried to get the initiatives removed. by usoftax_admin | Aug 14, 2024 | Tax News
A U.S. Tax Court judge rejected a certified public accountant’s calculation that the IRS owed him a nearly $30,000 tax refund, repeating her opinion that the CPA was making frivolous arguments in claiming he owed no taxes on his income. by usoftax_admin | Aug 14, 2024 | Tax News
A Michigan state appeals court will not reconsider its decision that insurance companies that are part of Nationwide should file their taxes as a unitary group, and denied the state Treasury Department’s request for reconsideration. by usoftax_admin | Aug 14, 2024 | Tax News
A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind attorneys to avoid the temptation to repackage a claim’s facts and law into a mirror-image counterclaim, as this approach will often result in a waste of...