by usoftax_admin | Nov 2, 2023 | Tax News
The estate of deceased Monster.com founder Andrew McKelvey realized $71.7 million in capital gains from contracts for exchanging stocks with two investment banks, the U.S. Tax Court ruled Thursday. by usoftax_admin | Nov 2, 2023 | Tax News
The Internal Revenue Service and several international partners created well over 50 leads on potential tax crimes and money laundering involving cryptocurrency during a joint action this week, the agency’s Criminal Investigation chief said Thursday. by usoftax_admin | Nov 2, 2023 | Tax News
The Senate Finance Committee on Thursday approved President Joe Biden’s pick for the position of IRS chief counsel, sending her nomination to the full Senate for consideration. by usoftax_admin | Nov 2, 2023 | Tax News
Three U.S. Senate Republicans introduced a legislative proposal Thursday that would slap a fee on imports from China and elsewhere to account for what the lawmakers said are high carbon emissions associated with the goods’ overseas production. by usoftax_admin | Nov 2, 2023 | Tax News
The Eighth Circuit should uphold an $11.5 million tax refund for the Mayo Clinic because its principal purpose is medical education, however intertwined that purpose is with patient care, Mayo argued Thursday, saying the federal government mistakenly insists the two... by usoftax_admin | Nov 2, 2023 | Tax News
Wildfire relief payments to California and Hawaii victims would be excluded from taxable gross income under legislation advanced Thursday by the House Ways and Means Committee.