by usoftax_admin | Jun 4, 2024 | Tax News
A D.C. Circuit panel made questionable assumptions about congressional intent when it revived the IRS’ authority to assess and administratively collect penalties related to undisclosed foreign corporations, a businessman said Tuesday in asking the full appellate... by usoftax_admin | Jun 4, 2024 | Tax News
Senate Finance Committee leaders pressed President Joe Biden’s three new judicial nominees for the U.S. Tax Court to explain Tuesday how they would extend fair treatment to taxpayers if they are confirmed. by usoftax_admin | Jun 4, 2024 | Tax News
The Internal Revenue Service is seeking an additional accuracy penalty of over $1.9 million from the estate of the matriarch of the family that founded Aflac, according to a filing in the U.S. Tax Court. by usoftax_admin | Jun 4, 2024 | Tax News
Former clients of a Florida-based tax law firm who live in Wisconsin can move forward with their proposed class action accusing the firm of malpractice and charging illegal fees, a Wisconsin federal judge ruled Tuesday, rejecting the firm’s requests to toss the... by usoftax_admin | Jun 4, 2024 | Tax News
Though a tax whistleblower contended he should be entitled to a reward based on the entire amount of deficiencies discovered in a large investigation, the IRS was right to calculate his reward based only on the specific taxpayer he identified, the U.S. Tax Court said... by usoftax_admin | Jun 4, 2024 | Tax News
New York would exempt from property tax equipment used for the transmission and switching of radio signals to provide commercial mobile radio service or mobile internet access service under a bill approved by the state Senate.