by usoftax_admin | Dec 6, 2024 | Tax News
A Florida man owes more than $1.2 million in federal taxes, the D.C. Circuit said Friday, affirming the Internal Revenue Service’s certification of his liability under a law that allows those with a “seriously delinquent” tax debt to have their... by usoftax_admin | Dec 6, 2024 | Tax News
An Arkansas Supreme Court justice said her ownership of one share of stock in Murphy USA doesn’t require her to recuse from a pending case in which the oil business is defending tax refunds stemming from allocating deductible interest payments to Arkansas. by usoftax_admin | Dec 6, 2024 | Tax News
Massachusetts’ interest rates for tax overpayments and underpayments will drop by a percentage point in the first quarter of 2025, the state Department of Revenue said. by usoftax_admin | Dec 6, 2024 | Tax News
A distribution from a trust of tenancy-in-common interests that resulted from the trust’s involuntary termination will not prevent the interests from being held for certain investment and business purposes, the IRS said in a private letter ruling released... by usoftax_admin | Dec 6, 2024 | Tax News
The U.S. government has appealed a Texas federal judge’s order that halted the rollout of new reporting requirements aimed at unmasking anonymous shell companies, setting the stage for the Fifth Circuit to weigh in on the nationwide preliminary injunction. by usoftax_admin | Dec 6, 2024 | Tax News
Simpson Thacher & Bartlett LLP announced the firm has added a tax professional from Ropes & Gray LLP as a partner in its Washington, D.C., office.