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Dems Request Special Counsel To Probe Justice Thomas Gifts

by usoftax_admin | Jul 9, 2024 | Tax News

Two Democratic senators have asked U.S. Attorney General Merrick Garland to appoint a special counsel to investigate whether U.S. Supreme Court Justice Clarence Thomas’ failure to disclose various gifts received during his tenure on the high court amounts to...

Ohio Justice Criticizes Dialysis Co.’s Tax Apportionment Claim

by usoftax_admin | Jul 9, 2024 | Tax News

An Ohio Supreme Court justice expressed deep skepticism Tuesday about a dialysis company’s arguments that a portion of its receipts from medical services that it provided to Ohio patients should be sourced to other states.

IRS Errors Foul $51M Levy, Calif. Man’s Estate Tells Tax Court

by usoftax_admin | Jul 9, 2024 | Tax News

The Internal Revenue Service made a slew of errors in determining a California man’s estate faces a $46.2 million estate tax deficiency and a $4.6 million penalty, the estate’s executor told the U.S. Tax Court.

After Chevron: Uniform Tax Law Interpretation Not Guaranteed

by usoftax_admin | Jul 9, 2024 | Tax News

The loss of Chevron deference will significantly alter the relationship between the IRS, courts and Congress when it comes to tax law, potentially precipitating more transparent rulemaking, but also provoking greater uncertainty due to variability in judicial...

Mich. Property Tax Elimination Fails To Get On 2024 Ballot

by usoftax_admin | Jul 9, 2024 | Tax News

A constitutional amendment that would have eliminated Michigan’s property taxes will not appear on the 2024 state ballot after its backers failed to submit the signatures needed to qualify, the secretary of state’s office confirmed Tuesday.

Texas Ethics Opinion Flags Hazards Of Unauthorized Practice

by usoftax_admin | Jul 9, 2024 | Tax News

The Texas Professional Ethics Committee’s recently issued proposed opinion finding that in-house counsel providing legal services to the company’s clients constitutes the unauthorized practice of law is a valuable clarification given that a UPL violation —...
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