by usoftax_admin | Mar 13, 2025 | Tax News
Constitutional law bars the United States from imposing $1.7 million in penalties for failure to report foreign bank accounts, a Texan said in urging a federal court to dismiss such an assessment against her. by usoftax_admin | Mar 13, 2025 | Tax News
The Sixth Circuit shouldn’t grant Eaton Corp.’s request to curtail arguments in its appeal of a court order enforcing an Internal Revenue Service summons for its European employee records, the federal government argued Thursday, saying it wants the chance... by usoftax_admin | Mar 13, 2025 | Tax News
If the Internal Revenue Service’s workforce is cut by half, as President Donald Trump is reportedly considering, it could cost over $2.4 trillion in lost revenue over the next decade and increase the tax gap by about 25%, according to a report released Thursday... by usoftax_admin | Mar 13, 2025 | Tax News
A pool company could not show that allowing Michigan’s tax agency to seize its property to pay off a tax debt before tax liens to the IRS were paid would result in an unconstitutional taking of property, the state Court of Appeals found, rejecting the... by usoftax_admin | Mar 13, 2025 | Tax News
Kentucky would prevent courts from deferring to a state agency’s interpretation of a statute and its regulations when conducting a review under an amended bill passed by state lawmakers that next goes to the governor. by usoftax_admin | Mar 13, 2025 | Tax News
North Carolina should pause corporate tax cuts and instead focus on middle-class tax cuts to help families afford child care and other costs of living, the state’s governor said.