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Vt. Supreme Court Upholds $1.1M Property Valuation

by usoftax_admin | Sep 17, 2024 | Tax News

The Vermont Supreme Court on Tuesday upheld the nearly $1.1 million valuation of a residential property determined by a hearing officer, saying the officer was not wrong to base the determination in part on a town assessment that was later found to be...

Tax Court Denies Mineral Co.’s $1.1M Microcaptive Deduction

by usoftax_admin | Sep 17, 2024 | Tax News

A mineral rights leasing company set up by an Oklahoma oil businessman can’t take a $1.1 million deduction for what was presented as a microcaptive insurance transaction, the U.S. Tax Court ruled, saying the transaction was not a legitimate insurance...

Chrisley Sentence Should Stick Despite 11th Circ., Feds Argue

by usoftax_admin | Sep 17, 2024 | Tax News

Julie Chrisley’s prison sentence shouldn’t change even as a Georgia federal judge considers the former reality TV star’s smaller role in a $36 million tax evasion and fraud scheme, prosecutors told the court Monday, noting that her time has already...

Better Days Ahead For Associates, Recruiters Say

by usoftax_admin | Sep 17, 2024 | Tax News

Things are looking up for associates, recruiters say, as a strong economic outlook for the legal industry appears to be driving increased demand for younger attorneys after two straight years of layoffs.

Duane Morris Atty Asks Court To Keep Proposed Class Alive

by usoftax_admin | Sep 17, 2024 | Tax News

A Duane Morris LLP attorney asked a California federal court to keep her proposed class action against the firm alive, alleging the BigLaw firm is mischaracterizing her claims that it underpaid and misclassified employees.

Blumenauer Pushes House Speaker To Put Pot Bill To Vote

by usoftax_admin | Sep 17, 2024 | Tax News

U.S. Rep. Earl Blumenauer, D-Ore., on Monday urged House Speaker Mike Johnson to bring bipartisan cannabis legislation to a vote following revelations that Richard Nixon admitted privately that marijuana was “not particularly dangerous” while he publicly...
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