by usoftax_admin | Aug 7, 2024 | Tax News
A whistleblower could not get up to $690 million, or 30% of the $2.3 billion collected in an Internal Revenue Service offshore voluntary disclosure program, because the connection between his actions and the program was weak, the D.C. Circuit said Wednesday. by usoftax_admin | Aug 7, 2024 | Tax News
New Jersey is seeking bids to contract with a transfer pricing specialist because the state’s agreement with a prominent economist who helped draft the federal government’s transfer pricing rules can’t be renewed without a competitive process, a... by usoftax_admin | Aug 7, 2024 | Tax News
The U.S. Supreme Court’s recent decision to dismantle Chevron deference also effectively overrules its 2005 decision in National Cable & Telecommunications Association v. Brand X, greatly diminishing agencies’ ability to change regulatory course from... by usoftax_admin | Aug 7, 2024 | Tax News
Garbage-hauling giant Waste Management Inc. is not entitled to the IRS’ tax files on the company from 2017, including audit records, because some documents contain return information of third parties, the agency said Wednesday. by usoftax_admin | Aug 7, 2024 | Tax News
A Fifth Circuit panel struggled to make sense out of a “ridiculous” arbitration proceeding that produced four contradictory arbitration awards in a legal malpractice dispute, one awarding $100 million, pressing both sides during oral arguments Wednesday to... by usoftax_admin | Aug 7, 2024 | Tax News
While a co-owner of a California S corporation may have been the victim of two other owners “looting” the company through disproportionate distributions, such actions didn’t dissolve its S corporation status, the U.S. Tax Court ruled Wednesday.