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Tax Convictions Withstand Poor Counsel Claim, 4th Circ. Says

by usoftax_admin | Jun 3, 2024 | Tax News

A North Carolina man’s claim of ineffective counsel is not sufficient reason to vacate his convictions for filing false tax returns and obstructing an official proceeding in a case involving $2.1 million in unreported income sent from Bermuda entities, the...

Google Must Face Online Tax Filer’s Privacy Suit

by usoftax_admin | Jun 3, 2024 | Tax News

An Illinois woman who prepared her taxes online through H&R Block and then sued Google, claiming the search engine’s tracking tool effectively eavesdropped on her confidential tax information, can move forward with her proposed class action, a California...

Texas Oil Co. Says IRS Hasn’t Paid $36M Promised Refund

by usoftax_admin | Jun 3, 2024 | Tax News

The Internal Revenue Service has promised to pay a Texas oil company more than $36 million in tax refunds and credits for the 2009 tax year but has failed to do so, the company told a federal court.

Vanguard Investors Want Class Cert. In Tax Liability Fight

by usoftax_admin | Jun 3, 2024 | Tax News

Investors accusing Vanguard and its top brass of violating its fiduciary duties by triggering a sell-off of assets in target retirement funds in an attempt to lower fees, leaving smaller investors with massive tax bills, asked a Pennsylvania federal court to certify...

Taxes Take Center Stage In Pot Industry Amid Fed. Policy Shift

by usoftax_admin | Jun 3, 2024 | Tax News

The federal government’s move to loosen restrictions on cannabis is expected to trigger a wave of mergers and acquisitions structured as asset deals in the industry, especially among struggling retail operations willing to restructure in order to raise profits...

Blockbuster Summer: 10 Big Issues Justices Still Must Decide

by usoftax_admin | Jun 1, 2024 | Tax News

As the calendar flips over to June, the U.S. Supreme Court still has heaps of cases to decide on issues ranging from trademark registration rules to judicial deference and presidential immunity. Here, Law360 looks at 10 of the most important topics the court has yet...
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