by usoftax_admin | May 8, 2024 | Tax News
A Florida man spent millions of dollars on mortgage payments on his and his family members’ properties using funds from his late mother’s estate instead of paying the more than $2.3 million in taxes that the estate owed, the government said in its bid for... by usoftax_admin | May 8, 2024 | Tax News
A New York state court should not undo a jury’s finding that the National Rifle Association allowed its officers to misappropriate $6.4 million of donor money, the state’s attorney general has argued, saying trial evidence abundantly laid out evidence of... by usoftax_admin | May 8, 2024 | Tax News
A Credit Suisse attorney pressed the Michigan Court of Appeals on Wednesday to clarify how the state’s tax laws account for losses from real estate mortgage investment conduits, saying a lower court incorrectly denied its attempt to carry forward $21.3 million... by usoftax_admin | May 8, 2024 | Tax News
Lawmakers in the U.S. House of Representatives on Wednesday voted to overturn the U.S. Securities and Exchange Commission’s controversial cryptocurrency accounting guidance despite protests from Democrats to take a more targeted approach to amend the directive... by usoftax_admin | May 8, 2024 | Tax News
The Internal Revenue Service is considering “re-proposing” regulations that it withdrew in 2019 regarding the disguised sale of property to or by a partnership, an agency official said Wednesday. by usoftax_admin | May 8, 2024 | Tax News
House Ways and Means Committee Chairman Jason Smith has urged Senate Majority Leader Chuck Schumer to bring up the tax bill passed by the House in January, Smith said Wednesday, adding that the delay is jeopardizing the proposal’s support.