by usoftax_admin | Feb 13, 2025 | Tax News
A business owner who claims the U.S. Tax Court wrongly barred him from taking a $13 million deduction for worthless debt told the Ninth Circuit that the federal government is ignoring economic realities surrounding the tax laws at issue in the case. by usoftax_admin | Feb 13, 2025 | Tax News
The Internal Revenue Service released discount factors Thursday for insurance companies to use to calculate unpaid losses for 2024 and earlier accident years. by usoftax_admin | Feb 13, 2025 | Tax News
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate... by usoftax_admin | Feb 13, 2025 | Tax News
Elon Musk should be forced to compensate taxpayers and recipients of government benefits after gaining access to federal databases housing their data, a proposed class told a D.C. federal court, saying the billionaire violated the Computer Fraud and Abuse Act. by usoftax_admin | Feb 13, 2025 | Tax News
As the Trump administration settles in, some emerging energy industry trends, like expanded support for fossil fuel production, are right off of its wish list — while others, like the popularity of Inflation Reduction Act energy tax credits, and bipartisan support for... by usoftax_admin | Feb 13, 2025 | Tax News
A widow defending her husband’s estate against a $275,000 claim alleging he didn’t disclose his Indian bank account to the Internal Revenue Service should be sanctioned for not complying with court-ordered discovery, the U.S. government told a New York...