by usoftax_admin | Jun 26, 2024 | Tax News
A Texas federal judge properly ruled that the federal government could not enforce a provision in the American Rescue Plan Act that prohibits states from using pandemic aid to offset tax cuts, the Fifth Circuit said. by usoftax_admin | Jun 26, 2024 | Tax News
A Minnesotan does not qualify for tax exemptions or credits related to his three children because they did not live with him for at least half of the relevant tax year, the U.S. Tax Court said in an opinion released Wednesday. by usoftax_admin | Jun 26, 2024 | Tax News
A man who manufactured a purported health device will pay the IRS nearly $3.5 million under an agreement endorsed by a Florida federal court after the agency claimed he hadn’t filed a tax return since 1999. by usoftax_admin | Jun 26, 2024 | Tax News
The IRS more than doubled the amount of whistleblower awards it paid out in fiscal year 2023 compared with the prior year, distributing $88.8 million in awards attributable to information that led to the collection of $338 million, the agency said in a report. by usoftax_admin | Jun 26, 2024 | Tax News
A U.S. State Department armed security contractor is not entitled to $37 million in reimbursement tied to tax payments to the Afghan government because the contractor’s parent company, not the company itself, incurred the costs associated with the payments, the... by usoftax_admin | Jun 26, 2024 | Tax News
A medical equipment company’s leaders will pay $935,000 in attorney fees to investors’ counsel after mediating a settlement in a proposed class action alleging the company breached fiduciary duty in failing to disclose its former CEO’s involvement in...