by usoftax_admin | May 5, 2025 | Tax News
President Donald Trump asked his administration to place a 100% tariff on foreign-made movies, with a spokesperson telling Law360 on Monday that a final decision on the plan hadn’t been made. by usoftax_admin | May 5, 2025 | Tax News
The Mille Lacs Band of Ojibwe has asked a Minnesota federal judge to let it file a friend of the court brief in a county’s case claiming the U.S. government wrongly accepted more than 3,000 acres of land into trust for the tribe. by usoftax_admin | May 5, 2025 | Tax News
President Donald Trump’s administration urged a D.C. federal court to deny a request by toy companies to halt global tariffs, arguing the government is authorized to impose trade measures under the International Emergency Economic Powers Act. by usoftax_admin | May 5, 2025 | Tax News
Layoffs and voluntary resignations at the Internal Revenue Service have significantly reduced the agency’s revenue agents responsible for conducting audits, the Treasury Inspector General for Tax Administration said Monday. by usoftax_admin | May 5, 2025 | Tax News
A South Dakota business owner who admitted to hiding income from the Internal Revenue Service cannot challenge the $120,000 the agency claims he owes in additional taxes for fraudulently failing to file returns, the U.S. Tax Court ruled Monday. by usoftax_admin | May 5, 2025 | Tax News
Clifford Chance LLP has added a Paul Weiss Rifkind Wharton & Garrison LLP transactional attorney in New York as co-chair of its U.S. executive compensation practice, the firm announced Monday. by usoftax_admin | May 5, 2025 | Tax News
The U.S. Tax Court tossed Monday a levy challenge by an Alabama woman who said she was the sole caregiver for her five grandchildren, ruling that she had already received the tax relief she sought when the IRS decided not to collect her overdue taxes. by usoftax_admin | May 5, 2025 | Tax News
Attorneys can lean on key principles from a psychotherapeutic paradigm known as the “Internal Family Systems” model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle. by usoftax_admin | May 5, 2025 | Tax News
A controversial rule requiring U.S. companies to include employee stock-based compensation in cost-sharing agreements with offshore affiliates should be scrapped following the U.S. Supreme Court’s revocation of required judicial deference to agencies, a drug... by usoftax_admin | May 5, 2025 | Tax News
A Japanese author with U.S. citizenship faces penalties exceeding $715,000 for failing to report accounts she held at a Swiss bank, the U.S. government told a California federal court.