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Settlement Payments Not Deductible Alimony, 11th Circ. Told

by usoftax_admin | Oct 8, 2024 | Tax News

A divorced man who was ordered by a judge to make $3 million in payments on a past-due settlement to his ex-wife should not be allowed to shield them from tax, the U.S. government told the Eleventh Circuit, saying the payments don’t qualify as alimony.

7 Taxpayer Advocacy Panel Committees To Meet In November

by usoftax_admin | Oct 8, 2024 | Tax News

Seven Taxpayer Advocacy Panel committees will meet in November to discuss possible improvements to customer services, the Internal Revenue Service said Tuesday.

PwC tight-lipped on source of additional Australian CEO payments

by usoftax_admin | Oct 8, 2024 | Tax News

Kevin Burrowes’ extra A$1.2 million remuneration has been the source of parliamentary concern, but PwC shot down ITR’s requests to reveal where it comes from

Pa. Supreme Court Snapshot: Mask Taxes, Pride Month Post

by usoftax_admin | Oct 7, 2024 | Tax News

The Pennsylvania Supreme Court during its October argument session will weigh whether retailers improperly collecting sales tax on face masks, which were exempted due to the COVID-19 pandemic, amounts to “commerce” that could trigger the state’s...

Mich. Supreme Court Snapshot: Insulin Prices, Disney Audit

by usoftax_admin | Oct 7, 2024 | Tax News

The Michigan Supreme Court’s first oral argument session of the 2024-25 term promises to be a busy one, involving an investigation into Eli Lilly’s insulin prices with big implications for the scope of Michigan’s consumer protection law and...

Justices Won’t Hear Man’s FBAR Constitutionality Challenge

by usoftax_admin | Oct 7, 2024 | Tax News

The U.S. Supreme Court let stand Monday a Seventh Circuit decision dismissing a man’s challenge to the constitutionality of the Bank Secrecy Act’s requirement to report his foreign bank accounts, effectively ending the man’s claim that the filings...
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