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Exclusive: Senator signals opposition to contentious Australian tax ethics rules

by usoftax_admin | Aug 14, 2024 | Tax News

Independent senator and former rugby union ace David Pocock told ITR he would consider supporting disallowance of new rules that have been branded as burdensome by tax associations

Hunter Biden Says Corruption Claims Don’t Belong In Tax Trial

by usoftax_admin | Aug 13, 2024 | Tax News

Hunter Biden has urged a California federal judge to bar a jury weighing his tax charges from hearing any allegations of corruption regarding foreign sources of income for fear it would “insinuate extraneous, politically charged matters” into the...

Gov’t Seeks To Use Liens To Nab Decades-Old $2.8M Tax Debt

by usoftax_admin | Aug 13, 2024 | Tax News

A businessman and his trust face the prospect of losing a New York property as the Internal Revenue Service asked a federal court to set aside conveyances to him of property with IRS tax liens and collect on a $2.8 million tax debt.

Walz Backed Tax Hikes Funding Plans For Children, Families

by usoftax_admin | Aug 13, 2024 | Tax News

As Minnesota’s governor, Democrat Tim Walz, now the presumed vice presidential nominee of his party, separated himself from most other governors by signing into law numerous tax increases funding progressive priorities such as a paid family leave plan and the...

Treasury’s Loss Rules Take Broad Approach To Min. Tax Deal

by usoftax_admin | Aug 13, 2024 | Tax News

The U.S. Treasury Department recently dashed the hopes of multinational corporations seeking regulations that would have carved out an international minimum tax agreement from interacting with long-standing domestic rules aimed at preventing companies from using the...

Court Tosses Partnerships’ Case On Easement Regs

by usoftax_admin | Aug 13, 2024 | Tax News

An Alabama federal judge dismissed a complaint by dozens of partnerships claiming they shouldn’t have to comply with an IRS notice regarding conservation easement transactions, following an Eleventh Circuit ruling upholding the notice as invalid and the...
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