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Texas Justices Affirm Private Prison Co.’s Exemption Denial

by usoftax_admin | Mar 14, 2025 | Tax News

A private prison operator with facilities in Texas was correctly denied a sales tax exemption granted to government agencies or instrumentalities of the state, the Texas Supreme Court ruled Friday.

3 Firms Rep Franklin BSP Realty Trust’s $425M NewPoint Buy

by usoftax_admin | Mar 14, 2025 | Tax News

Hogan Lovells, Reed Smith and Paul Weiss guided Franklin BSP Realty Trust’s $425 million acquisition of commercial real estate finance company NewPoint Holdings JV LLC, boosting the REIT’s multifamily loan offerings.

IRS Delays Tax Deadlines In W.Va. After Feb. Storms

by usoftax_admin | Mar 14, 2025 | Tax News

Taxpayers in six West Virginia counties will have until Nov. 3 to file individual and business tax returns and make payments after portions of the state were hit by severe storms in February, the Internal Revenue Service said Friday.

A Judge’s Pointers For Adding Spice To Dry Legal Writing

by usoftax_admin | Mar 14, 2025 | Tax News

U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

Judge Splits $79M Judgment In Danish Tax Fraud Case

by usoftax_admin | Mar 14, 2025 | Tax News

A New York federal judge divided a nearly $79 million judgment against four investors and their pension plans after a jury in February found them liable for participating in a tax fraud scheme against the Danish government.  

Senate Finance Panel Clears Treasury Deputy Secretary Pick

by usoftax_admin | Mar 14, 2025 | Tax News

Republicans on the Senate Finance Committee voted Friday to approve Michael Faulkender’s nomination to be deputy secretary of the U.S. Department of the Treasury, clearing President Donald Trump’s pick for a likely Senate confirmation vote in the coming...
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