by usoftax_admin | May 14, 2024 | Tax News
A pilot from Virginia accused of profiting from stock tips fed to him by British billionaire Joe Lewis on Tuesday copped to dodging taxes on $500,000 of income from Lewis’ company, in a plea deal that avoids an insider trading trial. by usoftax_admin | May 14, 2024 | Tax News
As courts handle increasingly complex damages analyses involving vast amounts of data, an economic clerkship program — integrating early-career economists into the judicial system — could improve legal outcomes and provide essential training to clerks, say Mona... by usoftax_admin | May 14, 2024 | Tax News
Marijauna’s reclassification as a Schedule III-controlled substance comes at a critical juncture, as removing marijuana from being subjected to Section 280E of the Internal Revenue Code is the only path forward for the state-regulated cannabis industry to... by usoftax_admin | May 14, 2024 | Tax News
An Internal Revenue Service supervisor’s sign-off on a transfer pricing penalty for Microsemi was “woefully inadequate” to meet statutory requirements for penalty approval, the semiconductor manufacturer told the U.S. Tax Court. by usoftax_admin | May 14, 2024 | Tax News
A former Husch Blackwell LLP partner who helped launch Dykema Gossett’s PLLC’s Milwaukee office two years ago has agreed to plead guilty in Wisconsin federal court to willfully evading paying income tax, which could land him in prison for over a year and... by usoftax_admin | May 14, 2024 | Tax News
The U.S. Department of Labor’s recent change to a prohibited transaction exemption used by retirement plan asset managers introduces a host of new costs, burdens and risks to investment firms, from registration requirements to new transition periods, say attorneys at...