by usoftax_admin | Jun 21, 2024 | Tax News
The Sixth Circuit should uphold about $3 million in tax liabilities against a self-employed gold and silver broker who failed to file returns for a decade, the IRS argued Friday, calling “frivolous” the man’s argument that he isn’t subject to... by usoftax_admin | Jun 21, 2024 | Tax News
A Georgia couple failed to show the U.S. Tax Court that their faulty filing was the result of trusting a competent tax adviser, leading the court to rule Friday that they were correctly assessed an accuracy-related penalty by the Internal Revenue Service. by usoftax_admin | Jun 21, 2024 | Tax News
The U.S. government has provided formal notice to Russia suspending, via mutual agreement, parts of the countries’ double-taxation treaty. by usoftax_admin | Jun 21, 2024 | Tax News
An Iowa church that used a psychedelic drug in its rites was correctly denied tax-exempt status, the D.C. Circuit affirmed Friday, saying the church’s main purpose is using a federally illegal drug for which it lacked approval for religious use. by usoftax_admin | Jun 21, 2024 | Tax News
Former Chicago Alderman Ed Burke can’t postpone his Monday sentencing on charges of racketeering, extortion and bribery to await a U.S. Supreme Court ruling on the scope of federal bribery law, an Illinois federal judge ruled Friday, saying that decision will... by usoftax_admin | Jun 21, 2024 | Tax News
A former Massachusetts state senator already accused of pandemic-related fraud has been charged alongside his sister with attempting to cover up a scheme to make him eligible for unemployment benefits, the U.S. attorney’s office announced Friday.