by usoftax_admin | Dec 17, 2024 | Tax News
A New York City tax preparer who earned the nickname “the magician” while depriving the IRS of $145 million in revenue copped to tax evasion on Tuesday before a Manhattan federal judge. by usoftax_admin | Dec 17, 2024 | Tax News
The Internal Revenue Service finalized rules Tuesday that will expand the definition of a coverage month for purposes of computing the health insurance premium tax credit. by usoftax_admin | Dec 17, 2024 | Tax News
A woman who said the IRS wrongly applied her tax payment to her ex-husband’s bill asked the U.S. Supreme Court to let stand a Third Circuit ruling allowing her to challenge it, saying the decision doesn’t conflict with any other rulings and involves an... by usoftax_admin | Dec 16, 2024 | Tax News
A federal judge in Michigan said new disclosure requirements for small businesses seem burdensome and intrusive during a Monday hearing focused on the privacy implications of the currently blocked anti-money laundering law. by usoftax_admin | Dec 16, 2024 | Tax News
While the U.S. Tax Court is sympathetic to a Texan’s complaint that the Internal Revenue Service’s levy procedure will result in his facing an endless string of collection actions, he still must pay his $12,500 deficiency from 2021, the Tax Court said... by usoftax_admin | Dec 16, 2024 | Tax News
A gold and silver broker who made fatuous arguments that he wasn’t subject to income taxes owes $3 million in liabilities, the Sixth Circuit ruled, upholding a U.S. Tax Court decision.