by usoftax_admin | Feb 25, 2025 | Tax News
Texas accountants objected to a proposed federal regulation that would require them to advise clients who have broken tax laws to make disclosures to the IRS, saying in a letter to the agency released Tuesday that it would likely create a conflict when clients have... by usoftax_admin | Feb 25, 2025 | Tax News
Tax regulations governing partnerships and corporations passed by the outgoing Biden administration should be suspended — or outright retracted — because they conflict with the Trump administration’s priorities, the National Association of Manufacturers said in... by usoftax_admin | Feb 25, 2025 | Tax News
A Denver personal injury lawyer asked the Tenth Circuit to reconsider its decision barring his $300,000 tax deduction for car-racing costs as professional advertising, saying the court deprived him of due process in dismissing his argument that the IRS wrongly denied... by usoftax_admin | Feb 24, 2025 | Tax News
A D.C. federal judge on Monday questioned the constitutionality of Elon Musk’s Department of Government Efficiency while expressing skepticism that groups challenging the department’s access to federal systems housing Americans’ sensitive data had... by usoftax_admin | Feb 24, 2025 | Tax News
The U.S. Tax Court rejected foreign tax credits that Eaton Corp. had claimed on its lower-tier overseas entities’ income taxes for 2007 and 2008, saying in a Monday opinion that its overseas ownership structure had disqualified the multinational power management... by usoftax_admin | Feb 24, 2025 | Tax News
A U.S. investor who was among those accused by Denmark’s tax agency of participating in a $2.1 billion tax fraud scheme related to fraudulently claiming refunds on tax withheld from stock dividends has reached a settlement, according to New York federal court...