by usoftax_admin | Aug 6, 2024 | Tax News
Paul Hastings announced Tuesday that its meteoric growth in Texas is continuing with the addition of a partner in Dallas who strengthens its global tax practice and came aboard from McDermott Will & Emery LLP. by usoftax_admin | Aug 5, 2024 | Tax News
A tax practitioner complained about a six-week wait for a response to help a client with a financial hardship who was owed a refund, leading to the unflattering review by the Treasury Inspector General for Tax Administration. by usoftax_admin | Aug 5, 2024 | Tax News
A California couple who for years had a practice of overpaying their federal taxes missed a critical deadline to informally claim a nearly $700,000 tax overpayment, a Ninth Circuit panel ruled Monday, rejecting their request for a refund. by usoftax_admin | Aug 5, 2024 | Tax News
The U.S. Supreme Court’s recent rejection of the Chevron doctrine entitles FedEx to an $84.6 million tax refund by taking credits for foreign taxes it paid on offset earnings when repatriating overseas income, the package delivery giant told a Tennessee federal... by usoftax_admin | Aug 5, 2024 | Tax News
A Tennessee truck company failed to demonstrate its eligibility for a safe harbor that allowed it to escape from over $500 million in excise taxes and penalties over refurbished trucks it sold, the U.S. government told the Sixth Circuit, asking it to reverse a... by usoftax_admin | Aug 5, 2024 | Tax News
The U.S. Department of the Treasury and the Internal Revenue Service will face higher standards following Loper Bright’s finding that courts should determine whether agency rules meet the best possible interpretation of the tax code, as well as the scope of the...