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11th Circ. Urged To Reject Biz Owners’ Tax Penalty Challenge

by usoftax_admin | Jan 17, 2025 | Tax News

The owners of an electronic parts company who asked the Eleventh Circuit to reverse a tax penalty and find that Tax Court judges have unconstitutional job protections failed to link the two and are not entitled to tax relief, the U.S. government said Friday.

LA Crypto ‘Godfather’ Admits To $36M Meta Hacking Fraud

by usoftax_admin | Jan 17, 2025 | Tax News

A Los Angeles-based cryptocurrency founder who called himself “The Godfather” will plead guilty to earning $36 million through the sale of hacked Meta Platforms advertising accounts and evading taxes on the fraudulent profits, according to federal court...

Rethinking Litigation Risk And What It Really Means To Win

by usoftax_admin | Jan 17, 2025 | Tax News

Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular...

IRS Rewrites Residential Green Energy Credit FAQ

by usoftax_admin | Jan 17, 2025 | Tax News

The Internal Revenue Service made substantial changes Friday to its fact sheet for the energy efficient home improvement and residential clean energy property tax credits.

Meet The Key Players In Tom Goldstein’s Tax-Crimes Case

by usoftax_admin | Jan 17, 2025 | Tax News

The tax-evasion indictment of U.S. Supreme Court expert lawyer and SCOTUSblog publisher Tom Goldstein features an eclectic cast of characters linked to his purported side career as a high-stakes poker player, including law firm partners, professional gamblers, a Texas...

Final regs. address resolution of federal tax controversies by Appeals

by usoftax_admin | Jan 17, 2025 | Tax News

The final regulations, which include 24 exceptions to consideration of federal tax controversies by the Independent Office of Appeals, generally follow the proposed regulations issued in October 2022.
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