by usoftax_admin | Feb 11, 2025 | Tax News
The Internal Revenue Service is still underfunded and needs to prioritize using any additional funding it receives to boost its taxpayer services and technology modernization, panelists told a House Ways and Means subcommittee Tuesday. by usoftax_admin | Feb 11, 2025 | Tax News
A group of four North Carolina partnerships that were denied a total of $90 million in tax deductions for donations of conservation easements must pay valuation and accuracy-related penalties under a U.S. Tax Court ruling Tuesday. by usoftax_admin | Feb 11, 2025 | Tax News
A New York federal court agreed with a magistrate’s recommendation to vacate a default judgment against a widow, giving her another chance to defend her husband’s estate against the government’s $275,000 claim that he failed to report his Indian bank... by usoftax_admin | Feb 11, 2025 | Tax News
A former U.S. attorney with expertise on anti-money laundering and complex tax matters recently moved his litigation practice to Holland & Knight after nine years with Ballard Spahr LLP. by usoftax_admin | Feb 11, 2025 | Tax News
European Union officials criticized President Donald Trump’s decision to impose an across-the-board 25% tariff on all imported steel and aluminum, with European Commission President Ursula von der Leyen on Tuesday signaling “firm and proportionate... by usoftax_admin | Feb 11, 2025 | Tax News
The question of whether Congress exceeded its powers to regulate commerce by enacting the Corporate Transparency Act is likely to feature in a potential U.S. Supreme Court resolution to around a dozen challenges to the law that are percolating through the...