by usoftax_admin | Nov 8, 2023 | Tax News
The Internal Revenue Service is sending letters to large U.S. partnerships, flagging possible tax reporting issues amounting to millions of dollars, the commissioner of the agency’s Large Business and International division said Wednesday. by usoftax_admin | Nov 8, 2023 | Tax News
A law school professor hit Northwestern University with an age discrimination suit in Illinois federal court, claiming the institution began giving him smaller raises than his less-experienced colleagues after he declined to retire early. by usoftax_admin | Nov 8, 2023 | Tax News
A foreign citizen living abroad who sold her share in a U.S. partnership that sold 5-Hour Energy drinks owed federal income tax on $6.5 million in gains stemming from the partnership’s sale of inventory, the U.S. government told the D.C. Circuit. by usoftax_admin | Nov 8, 2023 | Tax News
The Internal Revenue Service has proposed to flag monetized installment sales as possible abusive tax shelters that would require additional reporting under the threat of penalty, but the proposal’s broad language could also inadvertently subject common trust... by usoftax_admin | Nov 8, 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. Follow along here. by usoftax_admin | Nov 8, 2023 | Tax News
Donald Trump assailed the judge and the New York attorney general from the witness stand Monday in the civil fraud case alleging he lied about his wealth to gain undue advantage in business deals, while he denied he engaged in wrongdoing at the Trump...