by usoftax_admin | Oct 9, 2024 | Tax News
A U.S. Tax Court judge rejected an IRS levy for restitution owed by an ex-attorney serving time for orchestrating a $7 billion tax fraud scheme, saying the agency had made contradictory determinations about the alleged debt and wrongly involved the former... by usoftax_admin | Oct 9, 2024 | Tax News
A Michigan law firm and a third-party claims firm agreed Wednesday not to solicit potential members to an action alleging Michigan counties kept profits from foreclosures of tax-delinquent properties, following a meeting with class attorneys who had urged a judge to... by usoftax_admin | Oct 9, 2024 | Tax News
The Australian Taxation Office published draft guidance Wednesday for the country’s new debt deduction creation rules, including the planned compliance approach and a framework for risk assessment. by usoftax_admin | Oct 9, 2024 | Tax News
The Internal Revenue Service correctly determined a U.S. Army reservist and his wife were deficient on their taxes and liable for an accuracy-related penalty, the U.S. Tax Court said Wednesday, finding they failed to report income and didn’t back up claimed... by usoftax_admin | Oct 9, 2024 | Tax News
Remote sellers could be eligible for a voluntary disclosure program that would limit their back sales tax liabilities after registering with states that take part in an interstate sales tax compact, under a proposal the Streamlined Sales Tax Governing Board opted to... by usoftax_admin | Oct 9, 2024 | Tax News
A majority of the European Parliament supports a 2% minimum tax on billionaires presented by Brazil at the Group of 20 nations meeting, asking the European Union to pursue the topic at the group’s November summit, according to joint statements by members of...