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Justices Won’t Hear Challenge To Colo. Tax Ballot Title Law

by usoftax_admin | Feb 24, 2025 | Tax News

The U.S. Supreme Court on Monday let stand a ruling by the Tenth Circuit that a Colorado law requiring that financial impacts be included in the titles of some tax-related ballot initiatives does not cause “improperly compelled” speech.

Tax Software Co. Says Rival Is The Real Trade Secrets Thief

by usoftax_admin | Feb 24, 2025 | Tax News

Corporate-focused tax preparation software company Avalara, accused by Vertex Inc. of poaching workers to steal trade secrets, has asked to file counterclaims, arguing Vertex has actually done the illegal poaching.

Express Scripts Sees Claims Cut From $43M Tax Refund Suit

by usoftax_admin | Feb 24, 2025 | Tax News

A Missouri federal court on Monday tossed some of Express Scripts’ claims for a $42.9 million tax refund formerly available for domestic production, saying the pharmacy benefit manager improperly reversed course on whether certain costs should be included in its...

4th Circ. Upholds Levy Against Md. Man’s Tax Liability

by usoftax_admin | Feb 24, 2025 | Tax News

The Fourth Circuit rejected Monday a Maryland man’s attempt to vacate a Tax Court opinion that allowed the IRS to go ahead with a levy to collect his tax liability, saying it found no issue with the determination that he lacked any overpayments to offset his...

Ex-Goldman Exec Owes For Not Filing FBARs, US Says

by usoftax_admin | Feb 24, 2025 | Tax News

A former Goldman Sachs banking executive who lives in Australia owes penalties to the Internal Revenue Service for failing to report foreign bank accounts she held, the U.S. government told a D.C. federal court.

High Court Won’t Hear Tax Tipster’s $690M Award Claim

by usoftax_admin | Feb 24, 2025 | Tax News

The U.S. Supreme Court declined on Monday to review a man’s claim for a $690 million whistleblower award for undercover recordings and tips he gave the IRS that he said led to the arrests of Swiss bankers and the success of an offshore tax disclosure...
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