by usoftax_admin | Mar 14, 2024 | Tax News
An Arizona man who hid self-employment income from the Internal Revenue Service in a sham partnership of family trusts owes additional taxes for fraudulently failing to file returns, the U.S. Tax Court ruled Thursday. by usoftax_admin | Mar 14, 2024 | Tax News
Arizona’s one-time state tax rebates should not be subject to federal income tax, members of the state’s congressional delegation told the Internal Revenue Service, saying the rebates should be exempt under agency guidance issued last year. by usoftax_admin | Mar 14, 2024 | Tax News
A Jerusalem man is suspected of failing to report 50 million Israeli new shekels ($13.7 million) of his income from companies in Israel and abroad, the Israel Tax Authority said Thursday. by usoftax_admin | Mar 14, 2024 | Tax News
The Internal Revenue Service properly sustained a collection action against a Maryland man with a record of failing to file his income tax returns, the U.S. Tax Court ruled Thursday. by usoftax_admin | Mar 14, 2024 | Tax News
Eighth Circuit judges probed claims by the IRS that a Minnesota engineering company didn’t qualify for $276,000 in research and development tax credits, asking during oral arguments whether the agency may have overlooked the inherently specialized nature of the... by usoftax_admin | Mar 14, 2024 | Tax News
John O. Colvin, a senior judge of the U.S. Tax Court, has died, the court announced in a news release Thursday.