by usoftax_admin | Dec 25, 2024 | Tax News
The Fifth Circuit on Monday lifted a lower court’s nationwide block of a federal corporate transparency law, ruling in an unpublished order that the federal government made a “strong showing” that it could successfully defend the law’s... by usoftax_admin | Dec 24, 2024 | Tax News
The proposed regulations would update the Circular 230 rules governing practice before the IRS. by usoftax_admin | Dec 23, 2024 | Tax News
The Fifth Circuit Court of Appeals on Monday granted a Department of Justice motion to lift an injunction imposed by a district court ruling Dec. 3 that deemed the Corporate Transparency Act and its BOI reporting rules “likely unconstitutional.” by usoftax_admin | Dec 23, 2024 | Tax News
An IRS supervisor can approve penalties anytime before the agency assesses them, as well as before it issues a preassessment notice subject to a U.S. Tax Court review, such as a deficiency notice, under final regulations that aim to clarify conflicting court... by usoftax_admin | Dec 23, 2024 | Tax News
Tax professionals who practice before the IRS and charge clients contingent fees in connection with preparing returns will be subject to sanctions for disreputable conduct under rules proposed by the U.S. Treasury Department that also require practitioners to be... by usoftax_admin | Dec 22, 2024 | Tax News
ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer pricing and more