by usoftax_admin | Jun 27, 2024 | Tax News
As the Biden administration races to cement key regulations implementing the Inflation Reduction Act, a number of the law’s programs and incentives are at risk of delay or repeal if Republicans retake control of Congress, the White House or both — so... by usoftax_admin | Jun 27, 2024 | Tax News
A New York federal court denied dueling requests from U.S. pension plan investors accused of participating in a $2.1 billion Danish tax fraud scheme and from Denmark’s tax agency to bring in the man that both sides say masterminded the scheme, or to bring in one... by usoftax_admin | Jun 27, 2024 | Tax News
Freshfields Bruckhaus Deringer LLP has added the former head of the tax practice at Skadden Arps Slate Meagher & Flom LLP as a partner this week, who brings to the role experience in deals like 21st Century Fox’s $71 billion acquisition by Disney and the... by usoftax_admin | Jun 27, 2024 | Tax News
A phase of the Direct File pilot program that allowed eligible IRS employees to get the first crack at the online tax filing service had issues with accuracy of its tax returns and lacked a Spanish translation, the Treasury Inspector General for Tax Administration... by usoftax_admin | Jun 27, 2024 | Tax News
Federal circuit courts that have addressed Rule 41(d) of the Federal Rules of Civil Procedure are split as to whether attorney fees are included as part of the costs of a previously dismissed action, so practitioners aiming to recover or avoid fees should tailor... by usoftax_admin | Jun 27, 2024 | Tax News
The IRS is making a time-limited settlement offer to certain taxpayers who participated in syndicated conservation easements. The terms will require “substantial concession” of income tax benefits and the imposition of some penalties.