by usoftax_admin | Mar 14, 2024 | Tax News
The Internal Revenue Service’s recent legal success asserting a doctrine to invalidate transactions in tax law enforcement matters may embolden the government to broaden that argument’s reach, and lawyers are concerned it doesn’t properly apply to... by usoftax_admin | Mar 14, 2024 | Tax News
Janet Truncale has handed two out of four global managing partner roles to defeated leadership rivals by usoftax_admin | Mar 13, 2024 | Tax News
Disney’s and IBM’s attempt to take New York tax deductions on royalties received from foreign affiliates is “the biggest loophole” that could be created under a former tax statute, a New York high court judge said Wednesday during oral... by usoftax_admin | Mar 13, 2024 | Tax News
A U.S. subsidiary of German technology company Siemens is pushing the U.S. Tax Court to throw out $1.16 billion in tax deficiencies and penalties the IRS has imposed, saying the agency relied on invalid rules in denying a deduction. by usoftax_admin | Mar 13, 2024 | Tax News
Two members of the Michigan Supreme Court seemed sympathetic to Michigan counties urging the court to limit their liability for holding onto surplus tax foreclosure proceeds, highlighting during oral arguments that counties were following state law in a practice that... by usoftax_admin | Mar 13, 2024 | Tax News
A California certified public accountant cannot deduct nearly $600,000 in assorted expenses — including more than $437,000 in net operating losses — after providing “contradictory” testimony and failing to present credible evidence, the U.S. Tax Court...