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Couple Failed To Prove Claimed Losses, Tax Court Says

by usoftax_admin | Nov 20, 2023 | Tax News

The IRS can proceed to collect the tax debt of a couple who claimed they were entitled to net operating losses that wiped out $150,000 in tax deficiencies, the U.S. Tax Court ruled Monday, saying the couple’s claims weren’t substantiated.

Greenberg Traurig Nabs Ex-Winston & Strawn Energy Pro

by usoftax_admin | Nov 20, 2023 | Tax News

Greenberg Traurig LLP’s New York office has hired a veteran attorney in energy tax law away from Winston & Strawn LLP, while promoting another shareholder to co-chair its energy financing practice.

EY UK chair: issues leading to Project Everest still exist

by usoftax_admin | Nov 20, 2023 | Tax News

But Hywel Ball said his view doesn’t mean EY will be doing a second such project

‘They take TP cases very seriously’: OECD expert praises Netherlands’ efficiency

by usoftax_admin | Nov 20, 2023 | Tax News

More people working on transfer pricing disputes and treating cases seriously may contribute to the country’s speedy process, Sandra Knaepen suggests to ITR

Justices Won’t Review IRS Summons On Del. Insurance Dept.

by usoftax_admin | Nov 20, 2023 | Tax News

The U.S. Supreme Court let stand Monday a decision allowing the IRS to proceed with a summons for electronic communications between Delaware’s insurance department and two microcaptive insurers the agency suspected of operating abusive tax shelters, denying the...

IRS Fixes Enrolled Actuary Fee Regulation Typo

by usoftax_admin | Nov 20, 2023 | Tax News

The Internal Revenue Service issued a correction Monday to amend language within regulations concerning fees for enrolled actuaries. 
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