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Stationery Co. Fights Bid To Move Tariff Case To Trade Court

by usoftax_admin | May 6, 2025 | Tax News

The U.S. Court of International Tarde does not have exclusive jurisdiction to hear disputes over President Donald Trump’s global tariffs, a stationery company told a Florida federal court in opposing the administration’s bid to transfer to the suit.

IRS Narrows Benefit Plan Sponsors Subject To New Rules

by usoftax_admin | May 6, 2025 | Tax News

The Internal Revenue Service on Tuesday narrowed the group of defined benefit plan sponsors that will be subject to certain requirements related to agency approval to use mortality tables that start in January.

Bessent Eyes IRS’ Technology Budget For Major Cuts

by usoftax_admin | May 6, 2025 | Tax News

The Internal Revenue Service must cut its bloated technology budget and decrease the agency’s overall spending, U.S. Treasury Secretary Scott Bessent told a House Appropriations panel Tuesday.

Eversheds Sutherland Brings On EY Tax Pro In Atlanta

by usoftax_admin | May 6, 2025 | Tax News

Eversheds Sutherland has added a former EY senior manager of international tax and transaction services to its Atlanta office, further strengthening its tax practice after adding a dozen tax controversy attorneys from Chamberlain Hrdlicka White Williams & Aughtry...

Top 3 Litigation Finance Deal-Killers, And How To Avoid Them

by usoftax_admin | May 6, 2025 | Tax News

Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and...

4th Circ. Seems Split On BofA’s Post-Merger Tax Offset Claims

by usoftax_admin | May 6, 2025 | Tax News

The Fourth Circuit seemed split Tuesday on whether Bank of America should be able to use its tax overpayments to offset interest on tax underpayments by companies that merged into it, with one judge pressing the government to respond to what he described as the...
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