by usoftax_admin | Dec 13, 2023 | Tax News
The Biden administration’s recent proposal to allow government seizure of certain taxpayer-funded drug patents is a terrible idea that would negate the benefits of government-funded research, to the detriment of patients and the wider economy, says Wayne... by usoftax_admin | Dec 13, 2023 | Tax News
Spurred by an increase in federal investigations into how companies have used a pandemic-era tax credit, Fox Rothschild LLP has created a task force focused on defending corporations targeted by these probes, the firm announced this week. by usoftax_admin | Dec 13, 2023 | Tax News
An Illinois man who admitted to falsifying his tax returns as part of a scheme to collect on a $20 million life insurance policy he took out on his wife owes civil tax fraud penalties of nearly $400,000, the U.S. Tax Court said Wednesday. by usoftax_admin | Dec 13, 2023 | Tax News
The Internal Revenue Service announced Wednesday that it will reorganize its leadership structure to put in place a single deputy commissioner, jettisoning the current structure that splits the position into two roles. by usoftax_admin | Dec 13, 2023 | Tax News
Testimony ended Wednesday in the New York attorney general’s marathon civil fraud trial against Donald Trump, setting the stage for a January ruling that could determine the fate of the former president’s business empire. by usoftax_admin | Dec 13, 2023 | Tax News
A partnership asked the U.S. Supreme Court to hear its bid to keep a $26.5 million deduction for a land conservation easement, saying the case was not barred by a law that prohibits suits to restrain the collection of taxes.