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Senate Confirms Second Tax Court Judge In A Week

by usoftax_admin | Jul 29, 2024 | Tax News

The U.S. Senate confirmed its second U.S. Tax Court judge in a week on Monday, voting to approve the nomination of a special trial judge to fill a vacancy on the court.

Immigrants Paid $96.7B In Taxes In 2022, ITEP Study Says

by usoftax_admin | Jul 29, 2024 | Tax News

Unauthorized immigrants paid $96.7 billion in federal, state, and local taxes in 2022 but received few benefits in return, according to a new study released Monday, whose authors said granting such taxpayers work authorization would boost tax revenue and economic...

Sites Should Pay Sport Fishing, Archery Import Tax, GAO Says

by usoftax_admin | Jul 29, 2024 | Tax News

Congress should make U.S. online marketplaces responsible for any sport fishing and archery excise taxes owed on consumer import sales they’re involved with, the Government Accountability Office said in a report released Monday.

Most IRS Employees Filed, Paid Taxes, Watchdog Says

by usoftax_admin | Jul 29, 2024 | Tax News

Most IRS employees filed and paid their taxes, the Treasury Inspector General for Tax Administration said in an audit report released Monday that found 95% of agency and contractor employees were tax compliant.

Tax Court Affirms Nix Of Biz Owner’s Condo Deductions

by usoftax_admin | Jul 29, 2024 | Tax News

An engineering firm owner from Nebraska is not entitled to deduct expenses for renting and furnishing a condo because he couldn’t prove it was used for business, the U.S. Tax Court ruled Monday in sustaining more than $500,000 in taxes and penalties against him...
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