by usoftax_admin | Jan 15, 2025 | Tax News
The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements. by usoftax_admin | Jan 15, 2025 | Tax News
The U.S. Tax Court on Wednesday upheld $2.5 million in taxes, plus fraud penalties, against brothers who claimed an unreported bank account held nontaxable proceeds from the sale of their mother’s gift of 1,600 pieces of jewelry from Israel and Iran. by usoftax_admin | Jan 15, 2025 | Tax News
Democrats are willing to work with Republicans on bipartisan issues, such as providing certain treaty-like benefits to Taiwanese residents, retirement issues, and tax administration issues, Democratic and GOP aides for the House Ways and Means and Senate Finance... by usoftax_admin | Jan 15, 2025 | Tax News
The Internal Revenue Service will keep using an educational compliance tool called soft letters to prod taxpayers to comply with a centralized partnership audit regime that has recently turned its focus to larger and more complicated entities, an agency official said... by usoftax_admin | Jan 15, 2025 | Tax News
Jones Day announced it added an experienced IRS litigator to its Boston office who will work as of counsel in the firm’s tax practice. by usoftax_admin | Jan 15, 2025 | Tax News
The Corporate Transparency Act is an unnecessary intrusion into the First Amendment rights of Americans, U.S. Senator Thom Tillis, R-N.C., and 13 House members told the Supreme Court in seeking to maintain an injunction issued in December.