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Israeli Man Seeks To Avoid Discovery In $3.6M FBAR Case

by usoftax_admin | Jul 30, 2024 | Tax News

A federal court should not order the Israeli founder of a pet toy company to show cause for defying its discovery orders in the U.S. government’s $3.6 million case over his failure to report foreign bank accounts because he is ending his defense, his attorneys...

Kyocera Chides Gov’t Attack On Jurisdiction In $7M Tax Case

by usoftax_admin | Jul 30, 2024 | Tax News

The government’s attempt to defeat a South Carolina federal court’s jurisdiction is improper because it relies on a roughly $44 million assessment lodged months after electronics maker Kyocera filed an amended complaint for a $7 million federal tax refund,...

Ropes & Gray Adds Partner To Int’l Tax Practice

by usoftax_admin | Jul 30, 2024 | Tax News

Ropes & Gray LLP recently added a tax adviser with a wealth of experience navigating transactions, funds and investments for clients as a partner in its New York office, the firm said.

Gold Broker Tells 6th Circ. He’s Not Subject To $3M In Tax

by usoftax_admin | Jul 30, 2024 | Tax News

A self-employed gold and silver broker told the Sixth Circuit he was “not subject to the jurisdiction of the United States” while he was living in Tennessee and therefore his roughly $3 million in tax liabilities that arose from his failure to file returns...

Local Leaders Ask Senate To Extend New Markets Credit

by usoftax_admin | Jul 30, 2024 | Tax News

Congress should consider making the new markets tax credit permanent and extending opportunity zones as a way to help local governments, local leaders told the Senate Finance Committee on Tuesday.

Chubb Says US-Swiss Treaty Could Boost Total Tax Over 50%

by usoftax_admin | Jul 30, 2024 | Tax News

Chubb and its shareholders would be significantly harmed by the terms of a proposed new bilateral tax treaty between the U.S. and Switzerland because it would be denied tax relief despite having been domiciled in Switzerland for over 15 years, the global insurer said...
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