by usoftax_admin | Aug 13, 2024 | Tax News
Taxpayers in Vermont will be given until Feb. 3 to file individual and business tax returns and make payments after the state was hit by Hurricane Debby, the Internal Revenue Service said Tuesday. by usoftax_admin | Aug 13, 2024 | Tax News
The Internal Revenue Service was right to determine a business created to provide guidance to real estate owners and investors couldn’t claim loss deductions because its business had not actually started, the Tax Court said Tuesday, but the owners are not liable... by usoftax_admin | Aug 13, 2024 | Tax News
Two companies that supply 40% of the United States’ tomato paste and diced tomatoes told the Ninth Circuit that the U.S. Tax Court erred in keeping the companies from deducting the costs of restoring their production facilities before the actual restoration... by usoftax_admin | Aug 13, 2024 | Tax News
A Baltimore law firm that sued the IRS for freezing $1.5 million in its operating account to satisfy a client’s tax debts told a Maryland federal court it was “dead wrong” in denying the firm’s request to release the money without going to... by usoftax_admin | Aug 13, 2024 | Tax News
The widow of a grocery store butcher fighting a tax liability upheld by the U.S. Tax Court told the Eleventh Circuit that the decision should be sent back for reconsideration, arguing that a provision restricting the president’s power to remove Tax Court judges... by usoftax_admin | Aug 13, 2024 | Tax News
The Internal Revenue Service’s Advisory Council will hold a public meeting on Sept. 5 to discuss a future report from the council, the agency announced Tuesday.