by usoftax_admin | Jul 23, 2024 | Tax News
A Wayne County, Michigan, treasurer has argued in Michigan federal court that a putative class action accusing him and other parties of engaging in a tax foreclosure and kickbacks scheme is time-barred. by usoftax_admin | Jul 23, 2024 | Tax News
The Sixth Circuit should affirm a district court’s fraud convictions, nearly five-year sentence and $7 million restitution order against an Ohio pharmaceutical salesman who underreported his income to reduce his tax liability in a multimillion-dollar scheme... by usoftax_admin | Jul 23, 2024 | Tax News
An Arizona power plant’s income from a power purchase agreement may be considered in the income analysis of the valuation of the property, the state Supreme Court said, sending the matter back to the state tax court. by usoftax_admin | Jul 23, 2024 | Tax News
An Arkansas company that leases farmland must raise its reported income by $230,000 because it failed to get permission from the IRS to change its accounting method, the U.S. told the Eighth Circuit on Tuesday in asking it to uphold a U.S. Tax Court ruling. by usoftax_admin | Jul 23, 2024 | Tax News
An Internal Revenue Service notice regarding the U.S. corporate alternative minimum tax can be read as a signal about how the agency will more broadly address the measure’s potential for counting offshore income twice, an IRS official said Tuesday. by usoftax_admin | Jul 23, 2024 | Tax News
Winston & Strawn LLP has added a transactional tax specialist from Morrison Foerster LLP as a partner with the firm’s transactions department and tax practice in New York.