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Lean Into The ‘Great Restoration’ To Retain Legal Talent

by usoftax_admin | Jun 11, 2024 | Tax News

As the “great resignation,” in which employees voluntarily left their jobs in droves, has largely dissipated, legal employers should now work toward the idea of a “great restoration,” adopting strategies to effectively hire, onboard and retain top legal talent, says...

IRS Schedules 3 Taxpayer Advocacy Panel Meetings For July

by usoftax_admin | Jun 11, 2024 | Tax News

Three Taxpayer Advocacy Panel committees will hold public meetings in July focused on improving customer service at the Internal Revenue Service, the agency announced Tuesday.

Ex-LA Chinatown Bank CFO Gets 3 Years For Embezzlement

by usoftax_admin | Jun 10, 2024 | Tax News

The former chief financial officer of a bank based in Los Angeles’ Chinatown has been sentenced to three years in prison after pleading guilty to bank fraud for embezzling more than $700,000 from his employer.

Philly Tax Case Could Give Answers On Reach Of Localities

by usoftax_admin | Jun 10, 2024 | Tax News

The U.S. Supreme Court, presented with a Philadelphia resident’s claim that the city’s refusal to credit her Delaware state taxes paid against her city wage tax liabilities discriminated against interstate commerce, could answer questions about how much...

Exec Wants IRS To Destroy Or Yield Docs In Summons Fight

by usoftax_admin | Jun 10, 2024 | Tax News

The IRS should be forced to destroy or return bank records it obtained from a cryptocurrency executive charged in a 2020 bitcoin fraud investigation because the agency failed to notify him and his company of the summonses for the records, they told a Texas federal...

Tax Court Rejects ‘Shoebox’ Method To Support Biz Expenses

by usoftax_admin | Jun 10, 2024 | Tax News

The U.S. Tax Court rejected Monday the tax deductions that three California residents had claimed on their businesses’ returns, saying their “shoebox” method of bundling receipts as evidence failed to substantiate their business expenses.
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