by usoftax_admin | Dec 10, 2024 | Tax News
A Florida man was correctly denied a pair of tax overpayment refunds that totaled roughly $88,000 because the statutes covering his claims are not governed by equitable tolling rules, the U.S. Tax Court said Tuesday. by usoftax_admin | Dec 10, 2024 | Tax News
A California attorney who fought with his neighbors in court cannot take business deductions for the cost of challenging his disbarment and a court’s declaration that he is a “vexatious litigant,” the Ninth Circuit said Tuesday, upholding a ruling... by usoftax_admin | Dec 10, 2024 | Tax News
A ruling allowing Exxon Mobil a U.S. tax deduction for interest expenses in its natural gas deal with Qatar confirms that Liberty Global is entitled to a deduction related to its sale of a Belgian affiliate, an attorney for the telecommunications company told the... by usoftax_admin | Dec 10, 2024 | Tax News
A pilot who admitted to dodging taxes on $500,000 in income after he was accused of taking stock tips from Joe Lewis, his billionaire boss, avoided prison on Tuesday at a sentencing that closed a high-profile insider trading prosecution. by usoftax_admin | Dec 10, 2024 | Tax News
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process... by usoftax_admin | Dec 10, 2024 | Tax News
The U.S. Treasury Department finalized regulations Tuesday that aim to simplify aspects of how corporations determine taxable income or loss with respect to certain affiliates that conduct business in a foreign currency.