by usoftax_admin | Jul 11, 2024 | Tax News
The U.S. Supreme Court’s decision to eliminate federal agencies’ ability to rely on the 40-year-old Chevron doctrine to defend their interpretations of ambiguous laws will likely trigger more litigation against the IRS. But that doesn’t mean the... by usoftax_admin | Jul 11, 2024 | Tax News
Louisiana’s top tax official pushed lawmakers Thursday to propose a series of changes to the state constitution’s tax rules next month, calling it paramount for the proposal to go before voters on the November ballot before next year’s legislative... by usoftax_admin | Jul 11, 2024 | Tax News
An accounting firm maintains it had no duty to inform an online flower bulb retailer about a major change in tax law stemming from the U.S. Supreme Court’s 2018 Wayfair decision, telling the North Carolina Business Court that advising on such topics wasn’t... by usoftax_admin | Jul 11, 2024 | Tax News
The U.S. trade representative should immediately launch an investigation into Canada’s recently enacted digital services tax and determine if trade actions are necessary to protect American interests, U.S. House Ways and Means Republicans said in a letter... by usoftax_admin | Jul 11, 2024 | Tax News
The U.S. Tax Court said Thursday that it didn’t believe a man who claimed to work an extra 48 hours a week beyond his regular full-time job to build a short-term rental property, denying him a $22,000 rental real estate loss deduction reserved for real estate... by usoftax_admin | Jul 11, 2024 | Tax News
The American Bar Association’s tax, real estate and trust attorneys are seeking to prevent the U.S. Treasury Department from tightening reporting requirements for the exemption of loans from foreign trusts, which are often used by wealthy families and in...