by usoftax_admin | Jan 22, 2025 | Tax News
A former county sheriff did not embezzle money from an account used to buy food for prisoners when she invested the funds in a business that turned out to be a Ponzi scheme, the U.S. Tax Court ruled Wednesday in a dispute over whether she owed taxes on the... by usoftax_admin | Jan 22, 2025 | Tax News
Republicans on the House Ways and Means Committee on Wednesday renewed their proposal for reciprocal taxes against countries that participate in an international minimum tax agreement, following up on President Donald Trump’s rejection of the global... by usoftax_admin | Jan 22, 2025 | Tax News
Sen. Ron Wyden, D-Ore., rallied on Wednesday for his bill that would beef up regulation of products with hemp-derived cannabinoids in order to protect consumers, particularly children. by usoftax_admin | Jan 22, 2025 | Tax News
The U.S. Tax Court sustained more than $100,000 in tax liabilities Wednesday against the owner of foreclosed properties, saying she is not entitled to deductions for net operating losses and capital loss carry-forwards that she claimed late. by usoftax_admin | Jan 22, 2025 | Tax News
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital. by usoftax_admin | Jan 22, 2025 | Tax News
A tax attorney who heads a business that creates captive insurance companies said the IRS wrongly accused him of promoting an abusive tax shelter, telling an Ohio federal court the agency owes him a refund of penalties he handed over.