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Longtime IRS Trial Atty Joins Jones Day In NY

by usoftax_admin | Jul 1, 2024 | Tax News

An attorney who spent his entire career at the IRS has moved to private practice at Jones Day, the firm said on Monday.

Firm Can’t Cast Off $1.5M Tax Levy In Alter Ego Case

by usoftax_admin | Jul 1, 2024 | Tax News

A Baltimore law firm can’t stop a $1.5 million tax levy that allowed the IRS to freeze its bank account, a Maryland federal judge ruled, saying the firm failed to prove at this point in its suit that one of its clients lacked an interest in the money.

IRS Floats Taking Tax Payments Directly By Credit Card

by usoftax_admin | Jul 1, 2024 | Tax News

Taxpayers using credit cards could sidestep third-party payment processors and make tax payments directly to the IRS under regulations the agency proposed Monday that align with the Taxpayer First Act.

IRS Regs Would Tax Overpayment Interest On COVID Credits

by usoftax_admin | Jul 1, 2024 | Tax News

Businesses, tax-exempt groups and some governmental entities could be taxed on overpayment interest received for erroneous refunds of pandemic relief tax credits under proposed Internal Revenue Service regulations released Monday.

Significant amendments in Brazilian tax legislation under new provisional measure

by usoftax_admin | Jul 1, 2024 | Tax News

Paulo Victor Vieira da Rocha and Murilo Jakuk of VRMA Advogados discuss Provisional Measure No. 1,227, which introduces new parameters for tax benefits and imposes significant limitations on the compensation of PIS and COFINS credits
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