by usoftax_admin | Dec 20, 2024 | Tax News
Over the past year, federal courts have issued decisions further delimiting the power of the Internal Revenue Service, with the First Circuit affirming a decision to allow agency summonses for cryptocurrency account records and an Arizona federal court rejecting a... by usoftax_admin | Dec 20, 2024 | Tax News
A gift card company will pay nearly $4.4 million for helping a retailer wrongly keep unused gift card funds belonging to New York residents, the state attorney general said Friday. by usoftax_admin | Dec 20, 2024 | Tax News
A Michigan municipality should not have boosted the assessment of a property by adding in the value of a third duplex it had erroneously omitted from its tax rolls, the state appeals court said, reversing a state tax panel. by usoftax_admin | Dec 20, 2024 | Tax News
The Internal Revenue Service is seeking comments on draft instructions for an updated research tax credit form, specifically on proposed changes to the reporting of controlled groups, research development costs and business component detail, the agency announced... by usoftax_admin | Dec 20, 2024 | Tax News
An owner of bikini coffee stands in Seattle was sentenced to 10 months in prison for tax fraud that the U.S. government claimed involved his failure to report more than $6 million in income to the Internal Revenue Service, according to Washington federal court... by usoftax_admin | Dec 20, 2024 | Tax News
Taxes are often unpopular, but in 2024, voters in a couple of states approved taxes that target those with larger earnings, and one state’s voters embraced using tax policy to combat problems surrounding homelessness. Here, Law360 looks at some notable state and local...