by usoftax_admin | Aug 28, 2024 | Tax News
The Internal Revenue Service offered no explanation for its claims that a Missouri partnership’s conservation easement donation was overvalued and didn’t serve a conservation purpose, the partnership told the U.S. Tax Court in challenging the rejection of... by usoftax_admin | Aug 28, 2024 | Tax News
The Fifth Circuit upheld a Texas federal jury’s conviction that resulted in a prison sentence for a tax preparation service owner for assisting in filing false tax returns, but it determined that the nearly $72,000 in restitution that she owes should be delayed... by usoftax_admin | Aug 28, 2024 | Tax News
Vice President Kamala Harris’ proposed “Build the American Dream” plan to tackle housing affordability issues takes solid recommendations into account and may fare better than California’s unsuccessful attempt at a similar program, but the... by usoftax_admin | Aug 28, 2024 | Tax News
The U.S. Tax Court sent a case involving a levy against a pair of Californians for six years’ worth of tax deficiencies back to the IRS’ Office of Appeals, saying Wednesday that more work needs to be done to determine the couple’s ability to... by usoftax_admin | Aug 28, 2024 | Tax News
The Internal Revenue Service issued corrections Wednesday to proposed rules that would adjust the timing for when companies could opt to use what is known as the mark-to-market accounting method for gains or losses that arise from foreign currency... by usoftax_admin | Aug 28, 2024 | Tax News
Albany, New York-based Whiteman Osterman & Hanna LLP has moved to trim breach of contract and disgorgement of fees claims brought by a former client over allegedly bungled tax advice, telling a New York federal judge the claims are redundant when the ex-client is...