by usoftax_admin | May 13, 2024 | Tax News
The Internal Revenue Services’ finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the... by usoftax_admin | May 13, 2024 | Tax News
The Second Circuit declined Monday to revive a couple’s suit accusing UBS of fraudulently flagging an account to the Internal Revenue Service, finding that any alleged harm resulting from an audit would have been caused by the agency itself. by usoftax_admin | May 13, 2024 | Tax News
A California woman will not receive innocent spouse relief from a tax liability stemming from a joint return filed with her estranged husband, the U.S. Tax Court ruled Monday, saying any reasonable person would have questioned the return’s accuracy. by usoftax_admin | May 13, 2024 | Tax News
An oral surgeon and his wife who raised large deer and bass for hunting and ecotourism in Texas are on the hook for nearly $1.9 million in taxes, as a U.S. Tax Court decision issued Monday found that they weren’t entitled to farming deductions. by usoftax_admin | May 13, 2024 | Tax News
Applications for a clean-energy investment program that provides bonus tax credits for projects in low-income communities will open May 28, the Internal Revenue Service said Monday. by usoftax_admin | May 13, 2024 | Tax News
The National Tax Lien Association has found its new general counsel in an experienced attorney less than four months after the death of its longtime top attorney.