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Mo. Says IRS ‘Stonewalling’ On Worker Credit Freeze Records

by usoftax_admin | Jul 12, 2024 | Tax News

The Internal Revenue Service violated public records law in failing to release documents related to its decision to stop processing new employee retention credit claims, the state of Missouri said Friday in a complaint that accuses the agency of...

11th Circ. Urged To Grant Deductions In Ruined Records Case

by usoftax_admin | Jul 12, 2024 | Tax News

The U.S. Tax Court should have been more generous in granting tax deductions to a Florida couple whose records were destroyed by a hurricane, the couple told the Eleventh Circuit on Friday, saying the lost records were out of their control.

European Tax Policy To Watch In The Second Half Of 2024

by usoftax_admin | Jul 12, 2024 | Tax News

Observers of European Union tax policy expect the EU to devote more attention to problems with existing tax legislation in the coming months as the introduction of major policy proposals takes a pause. Specialists also will be watching for progress on EU tax laws that...

Taxation With Representation: Ropes & Gray, Cravath, Latham

by usoftax_admin | Jul 12, 2024 | Tax News

In this Week’s Taxation with Representation, Paramount Global merges with Skydance Media, Devon Energy acquires Grayson Mill Energy’s Williston Basin oil and gas business, Ryan acquires Altus Group Ltd.’s property tax business, and Bain Capital buys...

Former City Treasurer Gets 30 Months In $1M Embezzlement

by usoftax_admin | Jul 12, 2024 | Tax News

A former city treasurer in Alaska was sentenced to two and a half years in prison after having admitted to tax evasion and fraud in connection with a $1 million embezzlement scheme, according to Alaska federal court documents.
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