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California Supreme Court’s Year In Review

by usoftax_admin | Dec 2, 2024 | Tax News

Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court’s last term, including voter initiatives, hostile work environment and the economic loss rule.

A&O Shearman Tax Pro Jumps To Hogan Lovells In DC

by usoftax_admin | Dec 2, 2024 | Tax News

Hogan Lovells said Monday that it has brought on a former Allen Overy Shearman Sterling tax partner who specializes in spinoffs, cross-border deals and other corporate transactions.

DEA Asserts Its Role As Proponent Of Pot Rescheduling Plan

by usoftax_admin | Dec 2, 2024 | Tax News

The Drug Enforcement Administration on Monday affirmed it was acting as the proponent of a proposal to loosen federal restrictions on marijuana, and the administrative law judge said supporters of rescheduling would not get an opportunity to cross-examine DEA...

Justices On Fence In Tax Clawback Case For Defunct Utah Co.

by usoftax_admin | Dec 2, 2024 | Tax News

U.S. Supreme Court justices seemed divided during oral arguments Monday over whether the Tenth Circuit was correct to allow the bankruptcy trustee of a defunct Utah company to use state law to claw back $145,000 in federal taxes after the two-year deadline, a ruling...

Calif. Biz Owner Can’t Deduct Car Expenses, Tax Court Says

by usoftax_admin | Dec 2, 2024 | Tax News

A California business owner failed to prove he is entitled to deductions related to car and truck expenses, the U.S. Tax Court said in a decision released Monday.

IRS Finalizes Partnership Liability Regs After 11 Years

by usoftax_admin | Dec 2, 2024 | Tax News

The Internal Revenue Service unveiled final regulations governing the allocation of partnership liabilities 11 years after releasing the proposed rules, saying no subsequent legislative and regulatory changes had taken place to compel the agency to otherwise renew the...
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