by usoftax_admin | Dec 17, 2024 | Tax News
A man’s $35,000 payment to his ex-wife from stock proceeds is not deductible because it qualifies as a division-of-assets payment and not alimony, the U.S. Tax Court ruled in a bench opinion released Tuesday. by usoftax_admin | Dec 17, 2024 | Tax News
A federal magistrate judge should have recommended allowing the U.S. government to foreclose on two properties it claims are controlled by a winner of the “Survivor” TV series who owes $3.3 million in taxes, the government told a Rhode Island federal... by usoftax_admin | Dec 17, 2024 | Tax News
The U.S. Supreme Court should decline to hear appeals by IBM and Disney that claim New York state’s tax treatment of royalties received from foreign affiliates resulted in unconstitutional discrimination against interstate commerce, the state told the court... by usoftax_admin | Dec 17, 2024 | Tax News
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in... by usoftax_admin | Dec 17, 2024 | Tax News
The Internal Revenue Service issued a correction Tuesday to proposed regulations laying out administrative requirements for tax-exempt entities to elect out of their partnership status in order to take advantage of new rules enabling direct cash payment of clean... by usoftax_admin | Dec 17, 2024 | Tax News
A Massachusetts federal judge denied a Vietnamese-American former state senator’s bid to undo his conviction for unlawfully accepting unemployment assistance and filing a false tax return, rejecting claims that jury selection was tainted by “racial...