by usoftax_admin | Apr 16, 2024 | Tax News
Plans that fail to make certain required minimum distributions in 2024 will not be assessed an excise tax under changes made to retirement plan legislation, the Internal Revenue Service said in guidance released Tuesday. by usoftax_admin | Apr 16, 2024 | Tax News
The IRS finalized a record number of advance pricing agreements in 2023, signaling the agency’s increased effectiveness at completing accords at a time when its approach to transfer pricing litigation could fuel corporate taxpayers’ urgency for seeking... by usoftax_admin | Apr 16, 2024 | Tax News
A man who was awarded a $201,000 settlement for a prison injury that left him nearly blind in one eye was not properly notified by the IRS that he had failed to pay taxes on the award, the U.S. Tax Court ruled Tuesday. by usoftax_admin | Apr 16, 2024 | Tax News
The estate of a woman whose trust transferred $1.06 million to her son before she died is asking the Ninth Circuit to rethink its decision upholding $38,000 in federal estate taxes, arguing that the U.S. Tax Court lacked authority to determine the deficiency in the... by usoftax_admin | Apr 16, 2024 | Tax News
An Atlanta man convicted of running a $12 million tax refund fraud scheme isn’t entitled to a new trial even though federal prosecutors withheld evidence that the man said minimized his role in the crime, a federal judge ruled. by usoftax_admin | Apr 16, 2024 | Tax News
As Earth Day approaches, law firms and attorneys should consider adopting more sustainable practices to reduce their carbon footprint — from minimizing single-use plastics to purchasing carbon offsets for air travel — which ultimately can also reduce costs for...