by usoftax_admin | Aug 9, 2024 | Tax News
The Sixth Circuit issued a mixed ruling Friday in a suit brought by a group of cryptocurrency users challenging the IRS’ pending mandate to report large crypto transactions, reversing the dismissal of the suit’s Fourth and First Amendment violation claims... by usoftax_admin | Aug 9, 2024 | Tax News
Voters in Florida and South Dakota will have the opportunity this Election Day to legalize recreational marijuana for adults 21 and over, and while the two efforts vary in their particulars, they both follow years of work by legalizers to craft a proposal that could... by usoftax_admin | Aug 9, 2024 | Tax News
The rise of artificial intelligence platforms is beginning to pose questions about how states may seek to tax their usage and how tax practitioners can harness generative AI’s capabilities to streamline their work while being mindful of ethical obligations.... by usoftax_admin | Aug 9, 2024 | Tax News
Tax attorneys anticipate answers to several questions about how partnerships should properly track, report and attribute foreign income previously taxed in the U.S. when the first round of long-awaited proposed rules is published. by usoftax_admin | Aug 9, 2024 | Tax News
The Third Circuit sent a man’s protest of a lien seeking over $1 million in unpaid employee payroll taxes back to the U.S. Tax Court on Friday because the IRS violated an automatic stay on the proceedings triggered by a bankruptcy proceeding. by usoftax_admin | Aug 9, 2024 | Tax News
The Internal Revenue Service violated the constitutional rights of a California woman when penalizing her $92,000 for failing to report inheriting $350,000 from a parent who had lived in the U.K., the woman told a federal court.