by usoftax_admin | Dec 13, 2023 | Tax News
Artificial intelligence tools will increasingly enable clients to monitor and evaluate their counsel’s activities, so attorneys must clearly define the terms of engagement and likewise take advantage of the efficiencies offered by AI, says Ronald Levine at Herrick... by usoftax_admin | Dec 13, 2023 | Tax News
The U.S. Supreme Court agreed Wednesday to review a decision denying a tax refund to the estate of the owner of a building materials company that used a payout from his $3.5 million life insurance policy to purchase his shares in the business. by usoftax_admin | Dec 12, 2023 | Tax News
A key government informant called to the stand by defense counsel for former Chicago Alderman Ed Burke testified Tuesday that he cooperated with the government and made secret recordings of the once-powerful politician to spare himself from criminal prosecution and... by usoftax_admin | Dec 12, 2023 | Tax News
A $5 billion arbitration award against Russia must be dismissed because the country never ratified the treaty under which the arbitration was enforced, the Russian Federation told a D.C. federal court. by usoftax_admin | Dec 12, 2023 | Tax News
Companies that report beneficial ownership information to the federal government from Jan. 1 will be responsible for ensuring that information is accurate even if it is obtained from another party, the U.S. Department of the Treasury’s Financial Crimes... by usoftax_admin | Dec 12, 2023 | Tax News
A California woman cannot exclude settlement proceeds received due to wrongful termination from her gross income even though the termination came due to personal injury, the U.S. Tax Court ruled Tuesday.