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Couple Ask Justices To Review IRS Levy Notice Dispute

by usoftax_admin | Nov 14, 2023 | Tax News

The U.S. Supreme Court should decide whether the IRS can get away with sending taxpayers letters instead of formal hearing and tax notices, a couple said, asking the court to review a Seventh Circuit decision upholding a $500,000 levy against them.

General Counsel Need Data Literacy To Keep Up With AI

by usoftax_admin | Nov 14, 2023 | Tax News

With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for a myriad of important activities, from evaluating the e-discovery process to monitoring...

Estate Says Justices Should Settle Insurance Payout Tax Split

by usoftax_admin | Nov 14, 2023 | Tax News

An estate that claims it was wrongly taxed on a life insurance policy payout told the U.S. Supreme Court on Tuesday that the government diminished the significance of a circuit split on the issue and that the justices need to resolve the matter.

Pension Plan Segment Rates Rise In November

by usoftax_admin | Nov 14, 2023 | Tax News

Segment rates for calculating pension plan funding rose in November, the Internal Revenue Service said Tuesday.

COVERAGE RECAP: Day 28 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Nov 14, 2023 | Tax News

Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Here’s a recap from day 28.

Carrots of various sizes: tax certainty and amount A

by usoftax_admin | Nov 13, 2023 | Tax News

Mark Martin and Thomas Bettge of KPMG in the US discuss the tax certainty provisions of the Multilateral Convention for amount A and evaluate their utility for businesses
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