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Sites Should Pay Sport Fishing, Archery Import Tax, GAO Says

by usoftax_admin | Jul 29, 2024 | Tax News

Congress should make U.S. online marketplaces responsible for any sport fishing and archery excise taxes owed on consumer import sales they’re involved with, the Government Accountability Office said in a report released Monday.

Most IRS Employees Filed, Paid Taxes, Watchdog Says

by usoftax_admin | Jul 29, 2024 | Tax News

Most IRS employees filed and paid their taxes, the Treasury Inspector General for Tax Administration said in an audit report released Monday that found 95% of agency and contractor employees were tax compliant.

Tax Court Affirms Nix Of Biz Owner’s Condo Deductions

by usoftax_admin | Jul 29, 2024 | Tax News

An engineering firm owner from Nebraska is not entitled to deduct expenses for renting and furnishing a condo because he couldn’t prove it was used for business, the U.S. Tax Court ruled Monday in sustaining more than $500,000 in taxes and penalties against him...

BankUnited’s $40M Tax Refund Claim Too Late, Court Told

by usoftax_admin | Jul 29, 2024 | Tax News

BankUnited is not owed a $39.8 million tax refund stemming from its acquisition of a failed bank, the government told a Florida federal court, saying the statute of limitations had expired for the company to receive refunds for 2009, 2010 and 2011.

Think Like A Lawyer: Dance The Legal Standard Two-Step

by usoftax_admin | Jul 29, 2024 | Tax News

From rookie brief writers to Chief Justice John Roberts, lawyers should master the legal standard two-step — framing the governing standard at the outset, and clarifying why they meet that standard — which has benefits for both the drafter and reader, says Luke...

Hunter Biden Attys Say They Didn’t Mislead Judge In Tax Case

by usoftax_admin | Jul 29, 2024 | Tax News

Hunter Biden’s attorneys told a Los Angeles federal judge that while several statements in their motion to dismiss tax charges against the president’s son were worded “perhaps inartfully,” they never intended to mislead the court in a way that...
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