by usoftax_admin | Apr 24, 2025 | Tax News
The trust responsible for liquidating assets of the shuttered Silicon Valley Bank told the U.S. Tax Court that the IRS has wrongly charged the bank’s operator more than $41 million in additional taxes by claiming it didn’t substantiate losses and research... by usoftax_admin | Apr 24, 2025 | Tax News
Maryland authorized county governments to exempt real property used for rental housing from local property taxes if the owner maintains a portion of the property as affordable housing and enters a payment-in-lieu-of-taxes agreement under legislation signed by the... by usoftax_admin | Apr 24, 2025 | Tax News
The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month’s Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer... by usoftax_admin | Apr 24, 2025 | Tax News
President Donald Trump’s tariffs currently being collected disproportionately harm lower- and middle-income earners in the U.S., according to an updated study by the Institute on Taxation and Economic Policy. by usoftax_admin | Apr 24, 2025 | Tax News
The first quarter of 2025 was filled with the refinement of old theories in the property and casualty space, including in vehicle valuation, time to seek appraisal and materials depreciation, says Mathew Drocton at BakerHostetler. by usoftax_admin | Apr 24, 2025 | Tax News
Two tax assistance companies are appealing to the Ninth Circuit an Arizona federal court ruling denying their request to stop the IRS from issuing batch denials of thousands of pandemic-era worker credit claims, including those filed by their clients.