by usoftax_admin | Jul 2, 2024 | Tax News
A New Jersey couple was ordered to pay $2.5 million in penalties and interest for failing to report their foreign bank accounts in Switzerland, according to court documents. by usoftax_admin | Jul 2, 2024 | Tax News
The Eighth Circuit affirmed a ruling that prevents public disclosure of the IRS’ methods for verifying callers’ identities, rejecting on Tuesday a retired Harvard professor’s argument that the documents detailing the methods failed to qualify for an... by usoftax_admin | Jul 2, 2024 | Tax News
The U.S. Tax Court cautioned a New Jersey man Tuesday against using “tax protester rhetoric” in future disputes while rejecting his challenge to the IRS’ determination that he failed to claim income and improperly claimed deductions, dismissing his... by usoftax_admin | Jul 2, 2024 | Tax News
The U.S. government urged an Ohio federal judge to order power management multinational Eaton to produce records on certain European employees in response to an IRS investigation, arguing the company’s contention the court lacks jurisdiction is “pure... by usoftax_admin | Jul 2, 2024 | Tax News
The final regulations provide guidance regarding the reporting and payment of the excise tax on repurchases of corporate stock made after Dec. 31, 2022.