by usoftax_admin | Jun 4, 2024 | Tax News
The Internal Revenue Service wasn’t required to tell a Texas man with unpaid tax liabilities that it had demanded his financial information from third parties, the agency told the Fifth Circuit, urging it to affirm a lower-court decision tossing the man’s... by usoftax_admin | Jun 3, 2024 | Tax News
Denmark’s tax administrator urged a New York federal court to reject bids to toss its suits against U.S. pension plans and individuals it accuses of participating in a $2.1 billion fraud scheme, saying the suits were not filed too late. by usoftax_admin | Jun 3, 2024 | Tax News
The Corporate Transparency Act is a valid exercise of congressional authority to curb money laundering under the commerce clause and the necessary and proper clause in the Constitution, the U.S. Treasury Department told the Eleventh Circuit on Monday in a bid to... by usoftax_admin | Jun 3, 2024 | Tax News
Television producer Alan Hamel and the estate of his wife, actor Suzanne Somers, owe nearly $2.7 million in taxes and penalties going back to 1996 related to losses in a partnership, the U.S. Tax Court ruled Monday. by usoftax_admin | Jun 3, 2024 | Tax News
The Internal Revenue Service did not abuse its discretion when rejecting a Florida man’s collection alternative request, the U.S. Tax Court said Monday. by usoftax_admin | Jun 3, 2024 | Tax News
A New York couple failed to adequately prove that they should have been able to claim $3.7 million in net operating losses on their personal income taxes that were generated by settlement payments made by a company they owned, the U.S. Tax Court said Monday.