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Applicable Federal Rates To Drop In March

by usoftax_admin | Feb 19, 2025 | Tax News

Applicable federal rates for income tax purposes are set to decrease in March after three straight months of increases, the Internal Revenue Service said Wednesday.

Miller & Chevalier Adds Former IRS Chief Counsel

by usoftax_admin | Feb 19, 2025 | Tax News

Miller & Chevalier Chtd. has found a new co-leader for its tax controversy and litigation practice as it brings aboard the former chief counsel of the Internal Revenue Service during President Donald Trump’s first term.

Electronic Signatures OK For E-Filed Petition, Tax Court Says

by usoftax_admin | Feb 19, 2025 | Tax News

A couple who filed their U.S. Tax Court petition electronically were not required to include handwritten signatures, the court ruled Wednesday, rejecting the Internal Revenue Service’s request to toss the case because of what it described as an unsigned...

FinCEN Sets March Deadline For Corporate Transparency Act

by usoftax_admin | Feb 19, 2025 | Tax News

The U.S. Treasury Department’s Financial Crimes Enforcement Network set a new deadline of March 21 for an estimated 32 million small entities to file beneficial ownership reports relating to the Corporate Transparency Act after a Texas federal judge lifted a...

McCarter & English Adds Shutts & Bowen Latin America Head

by usoftax_admin | Feb 19, 2025 | Tax News

The former chair of the Shutts & Bowen LLP’s Latin America practice group and co-chair of its tax and international law practice group jumped to McCarter & English LLP in Miami, the firm announced Wednesday.

La. Court Orders New Trial In Museum’s Hotel Tax Break Case

by usoftax_admin | Feb 19, 2025 | Tax News

A Louisiana board that allowed a property tax exemption for a hotel operated by the nonprofit National World War II Museum should have held a new trial after evidence surfaced that the hotel was more profitable than previously disclosed, a state appeals court...
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