by usoftax_admin | Apr 9, 2025 | Tax News
The U.S. Tax Court correctly determined that a New Jersey certified public accountant owed roughly $23,000 in federal income taxes, rejecting his previously deemed frivolous arguments that he was actually owed $30,000 in refunds, the Third Circuit said... by usoftax_admin | Apr 9, 2025 | Tax News
A three-family apartment building in Massachusetts was overvalued by a local assessor by about $40,000, the Massachusetts Appellate Tax Board ruled, saying the owner’s argument that the assessed value was greater than fair cash value proved persuasive. by usoftax_admin | Apr 9, 2025 | Tax News
President Donald Trump has ordered a 90-day pause on reciprocal tariffs for certain countries hours after they took effect, except for China, whose imports he said now face an increased tariff of 125%, according to a Wednesday social media post. by usoftax_admin | Apr 9, 2025 | Tax News
The Internal Revenue Service’s interim leader, Melanie Krause, will stay at her post through May 15, the U.S. Treasury Department said Wednesday, after she and other officials reportedly said they would resign following an IRS agreement to share taxpayer... by usoftax_admin | Apr 9, 2025 | Tax News
Canada began slapping 25% tariffs on American cars and parts Wednesday as retaliation against tariffs on Canadian products implemented by President Donald Trump, the country’s Department of Finance announced. by usoftax_admin | Apr 9, 2025 | Tax News
A Florida woman is not entitled to claim a child who lived with her ex-husband as a dependent, nor can she claim the associated child tax credit, since her ex also claimed the child, the U.S. Tax Court said Wednesday.