by usoftax_admin | Jun 24, 2024 | Tax News
Forthcoming guidance to address U.S. tax issues with dual consolidated losses will also include language advising taxpayers how to account for those losses under the Pillar Two global minimum tax, the IRS’ top international tax counsel said Monday. by usoftax_admin | Jun 24, 2024 | Tax News
A New Jersey woman owes more than $125,000 in taxes jointly with her husband, the U.S. Tax Court ruled Monday, saying she should have questioned the returns her husband prepared for her signature after he pled guilty to tax evasion and bribery. by usoftax_admin | Jun 24, 2024 | Tax News
The Eleventh Circuit on Friday upheld the tax evasion and fraud convictions of former reality TV stars Todd and Julie Chrisley, but ordered a Georgia federal judge to resentence Julie Chrisley after finding that the judge failed to fully explore her discrete role in... by usoftax_admin | Jun 24, 2024 | Tax News
The U.S. Supreme Court declined Monday to review a Third Circuit finding that the U.S. Tax Court’s 90-day deadline for filing challenges to tax bills isn’t hard and fast. by usoftax_admin | Jun 24, 2024 | Tax News
A biotechnology company that claimed tax credits for increasing its scientific research was correctly denied about $1.2 million of its request, the Fourth Circuit ruled Monday in upholding a U.S. Tax Court decision that found the company was wrongly counting research...