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Trump Can’t Derail Hush Money Trial Over Media Saturation

by usoftax_admin | Apr 12, 2024 | Tax News

A New York judge overseeing Donald Trump’s hush money case on Friday rejected another of the former president’s bids to derail trial next week, waving off his complaints that prejudicial media coverage has tainted the jury pool.

Petition Watch: Judge DQs, ‘Excessive’ Damages & Price Wars

by usoftax_admin | Apr 12, 2024 | Tax News

A former al-Qaida member has asked the U.S. Supreme Court to clarify disqualification protocol for judges overseeing a case related to their prior work as a government attorney, and energy drink manufacturers want the court to develop a modern-day test to determine if...

FedEx Not Entitled To $84.6M In Tax Credit Dispute, US Says

by usoftax_admin | Apr 12, 2024 | Tax News

FedEx is not entitled to a judgment of nearly $84.6 million that the company requested in March for its foreign tax credit dispute, the federal government said Friday in a Tennessee federal court filing.

NJ Gives Counties Power To Up Tax After Paying Off Debt

by usoftax_admin | Apr 12, 2024 | Tax News

New Jersey will allow counties greater authority to impose property taxes after retiring debts under a bill signed into law by Democratic Gov. Phil Murphy.

4 Takeaways From Tax Court Nix Of Easement Perpetuity Rule

by usoftax_admin | Apr 12, 2024 | Tax News

The U.S. Tax Court’s scrapping of an IRS rule on the perpetuity requirements for conservation easements could draw yet more judicial scrutiny to the agency’s rulemaking and shift the focus of easement disputes to how the transactions are valued. Here,...

NJ Tax Court Awards Refunds To Web-Based Services Co.

by usoftax_admin | Apr 12, 2024 | Tax News

The New Jersey Tax Court on Friday awarded a web-based services company more than a half a million dollars in refunds, saying the company’s use of market-based sourcing to compute the numerator of its state receipts fraction was valid.
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