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Treasury says it won’t enforce BOI fines or penalties against U.S. citizens, businesses

by usoftax_admin | Mar 3, 2025 | Tax News

A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit beneficial ownership information reporting to foreign reporting...

Justices Skip Chippewa Lawyer’s Bid To Nix Income Tax

by usoftax_admin | Mar 3, 2025 | Tax News

The U.S. Supreme Court declined Monday to grant the petition of an attorney who belongs to the Minnesota Chippewa Tribe and claimed he owed no taxes on self-employment income as a Native American.

Eversheds Lands 12 Chamberlain Hrdlicka Tax Attys In Atlanta

by usoftax_admin | Mar 3, 2025 | Tax News

Eversheds Sutherland has grown its Atlanta office by bringing on a dozen tax controversy attorneys from Chamberlain Hrdlicka White Williams & Aughtry PC, the firm announced Monday.

KPMG launches US law firm in first for ‘big four’

by usoftax_admin | Mar 2, 2025 | Tax News

The law firm, which will operate as an independently managed subsidiary of KPMG, has received court approval with conditions

This week in tax: IRS announces Melanie Krause as new acting commissioner

by usoftax_admin | Mar 2, 2025 | Tax News

Krause will take the reins until President Trump’s pick Billy Long assumes the role; in other news, CohnReznick became the latest tax firm to receive private equity backing

Mich. Justices Reject Credit Suisse’s NOL Carryforward Bid

by usoftax_admin | Feb 28, 2025 | Tax News

The Michigan Supreme Court on Friday denied Credit Suisse’s bid to appeal a lower court’s decision that barred the bank from straying from the federal method of determining taxable income to carry forward $21.3 million in losses on its state returns.
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