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G7 Should Agree On Frozen Russian Assets, Yellen Says

by usoftax_admin | May 23, 2024 | Tax News

U.S. Treasury Secretary Janet Yellen said Thursday that the Group of Seven countries should agree now on a concept of how the capital of frozen and immobilized Russian state assets should be used to support Ukraine’s war against Russia.

Akerman Brings On Kilpatrick Tax Ace In LA

by usoftax_admin | May 23, 2024 | Tax News

Akerman LLP is boosting its tax team, bringing in a Kilpatrick Townsend & Stockton LLP corporate tax and energy tax credit expert as a partner in its Los Angeles office.

Justices’ CFPB Alliance May Save SEC Courts, Not Chevron

by usoftax_admin | May 22, 2024 | Tax News

A four-justice concurrence to the U.S. Supreme Court’s decision upholding the Consumer Financial Protection Bureau’s unique funding scheme last week carries implications for other cases pending before the court that challenge the so-called administrative...

Hunter Biden’s Calif. Tax Trial Pushed From June To Sept.

by usoftax_admin | May 22, 2024 | Tax News

A California federal judge on Wednesday moved Hunter Biden’s criminal tax trial from June 20 to September over objections from the government and after Biden’s attorney said the upcoming date is too close to his client’s June 3 gun trial in Delaware,...

Disposal Co. Manager Owes Tax With Ex, Tax Court Says

by usoftax_admin | May 22, 2024 | Tax News

A disposal company manager who accused his ex-wife of committing fraud in preparing their tax return owes his share of taxes with her for a disallowed deduction they took for a vehicle his employers provided for his job, the U.S. Tax Court said.

Taxpayers Received $90M In Refunds In Direct Filing Pilot

by usoftax_admin | May 22, 2024 | Tax News

Taxpayers who used the IRS’ Direct File pilot program this year took an average of 20 minutes to file a return and received more than $90 million in refunds, but no decision has been reached on whether to expand the free program or make it permanent, the agency...
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