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Judge Calls Some Of Trump’s Args ‘Crazy’ In NY Fraud Case

by usoftax_admin | Sep 22, 2023 | Tax News

A New York state judge on Friday pounded the bench as he expressed frustration with arguments made by Donald Trump’s attorneys over what claims, if any, he can rule on ahead of trial in the massive fraud case against the former president, his sons and their...

IRS developing contingency plan as government shutdown looms

by usoftax_admin | Sep 22, 2023 | Tax News

Congress plans to return to Washington on Tuesday, giving members five days to reach consensus on a full budget or a continuing resolution.

IRS Mea Culpa Could Prompt Easement Program Revamp

by usoftax_admin | Sep 22, 2023 | Tax News

The IRS’ admission of wrongdoing for covering up backdated evidence in a high-profile conservation easement case in Georgia could motivate the agency to revamp its oversight of the charitable tax deduction, which has been hotly contested in federal courts.

New Ballot Measures Could Change California Tax Landscape

by usoftax_admin | Sep 22, 2023 | Tax News

A group of California measures that are planned, either by citizen initiative or legislative vote, for inclusion on the November 2024 ballot will compete with each other to put a stark choice before voters: make it easier to raise taxes, or make it more...

US Biz Group Requests Further Foreign Tax Credit Relief

by usoftax_admin | Sep 22, 2023 | Tax News

The National Foreign Trade Council asked the Internal Revenue Service on Friday to consider extending recently announced temporary relief from certain definitions under proposed foreign tax credit regulations for at least another year.

Chevron Doctrine Supporters Flock To High Court In Key Case

by usoftax_admin | Sep 22, 2023 | Tax News

Health groups, scientists, a labor union, small businesses and environmentalists are urging the U.S. Supreme Court not to strike down a nearly 40-year-old precedent that allows judges to defer to federal agencies’ interpretations of law in rulemaking disputes,...
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