by usoftax_admin | Sep 5, 2024 | Tax News
Hunter Biden entered a surprise guilty plea to nine criminal tax charges in California federal court on Thursday, bringing a dramatic conclusion to the case following a dizzying series of events on what was set to be the first day of his trial. by usoftax_admin | Sep 4, 2024 | Tax News
A D.C. federal judge has declined to approve the IRS’ roughly $167 million refund proposal for a putative class of tax-return preparers for charging them excessive fees for special identification numbers, saying the agency failed to address problems the... by usoftax_admin | Sep 4, 2024 | Tax News
The U.S. Tax Court and other federal courts have the authority to conduct an initial analysis of a transaction in cases where the Internal Revenue Service is challenging the economic substance of the transaction, a manufacturers advocacy group said Wednesday in an... by usoftax_admin | Sep 4, 2024 | Tax News
The tax on long-term capital gains would increase to 28% from 20% for taxpayers who earn $1 million or more under a proposal unveiled Wednesday by Vice President and Democratic presidential nominee Kamala Harris ahead of a campaign rally in New Hampshire. by usoftax_admin | Sep 4, 2024 | Tax News
A woman whose ex-husband told a bankruptcy court that he was the sole owner of a business they had started together was actually a 50% shareholder when it was sold and is liable for capital gains, the U.S. Tax Court ruled Wednesday. by usoftax_admin | Sep 4, 2024 | Tax News
An Ohio law that bars school boards from appealing certain valuation rulings from boards of revision doesn’t apply to complaints that were pending when the restriction took effect in 2022, the state Supreme Court affirmed Wednesday.