by usoftax_admin | Oct 17, 2024 | Tax News
The Internal Revenue Service correctly determined that a whistleblower was not owed a discretionary reward after the information he provided ultimately failed to result in the agency collecting any proceeds, the U.S. Tax Court said Thursday. by usoftax_admin | Oct 17, 2024 | Tax News
An attorney who represented Rodney King in a civil case against the city of Los Angeles after King was severely beaten by police agreed Thursday to plead guilty to tax evasion in return for the government dropping other charges. by usoftax_admin | Oct 17, 2024 | Tax News
A corporation that refurbishes hotels in New York is liable for about $15 million in taxes, a state tribunal said in a decision released Thursday, affirming a ruling that the state’s tax agency correctly denied deductions sought by the company. by usoftax_admin | Oct 17, 2024 | Tax News
The owner of a Montana commercial property used to house storage units was unable to lower its value because the state Tax Appeal Board gave more weight to the state Department of Revenue’s valuation using an income analysis. by usoftax_admin | Oct 17, 2024 | Tax News
Individual taxpayers can now deduct condom purchases as preventive medical care payments, and high-deductible healthcare plans can provide condoms and over-the-counter oral contraceptives without a deductible, the IRS said Thursday. by usoftax_admin | Oct 17, 2024 | Tax News
A&O Shearman said Thursday that it has tapped a longtime partner to co-head the firm’s compensation, employment, pensions and governance practice, bringing it under the joint leadership of alum from each of its two legacy firms after the merger between New...