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Big Refund Filings Could Be Improper, IRS Says

by usoftax_admin | May 14, 2024 | Tax News

Inaccurate advice from social media, as well as a series of tax scams, has resulted in an increase in questionable, inflated refund claims, the Internal Revenue Service said Tuesday.

ER Doc Can’t Deduct His Film Co.’s Costs, 5th Circ. Told

by usoftax_admin | May 14, 2024 | Tax News

An emergency room doctor with a passion for music was correctly denied business deductions for his unprofitable production company, the IRS told the Ninth Circuit in asking it to uphold a U.S. Tax Court ruling that found the doctor owed more than $59,000 in taxes and...

W&I insurance and tax insurance: Portuguese market trends and tax landscape

by usoftax_admin | May 14, 2024 | Tax News

Ana Helena Farinha and Tiago Martins de Oliveira of Cuatrecasas provide an overview of the current status of the Portuguese warranty and indemnity insurance and tax insurance market

IRS Floats Property Rule Changes On Interest Capitalization

by usoftax_admin | May 14, 2024 | Tax News

The Internal Revenue Service floated changes Tuesday to the interest capitalization requirements for improvements constituting property production, including removing the so-called associated property rule that was invalidated by the Federal Circuit.

Ex-Whiteford Taylor Business Co-Chair Joins Baker Donelson

by usoftax_admin | May 14, 2024 | Tax News

Baker Donelson Bearman Caldwell & Berkowitz PC has welcomed a new shareholder who spent more than a decade with the Internal Revenue Service and previously co-chaired Whiteford Taylor & Preston LLP’s business department, the firm announced on...

EY manager claims he was sacked over holiday, hours complaints

by usoftax_admin | May 14, 2024 | Tax News

Konrad Jeczewski has alleged he was threatened with negative reviews before being made redundant by EY Australia
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