by usoftax_admin | Apr 29, 2025 | Tax News
The IRS shouldn’t unilaterally apply the Organization for Economic Cooperation and Development’s streamlined approach to price-related companies’ baseline distribution and marketing costs and should give companies a wide berth to choose the approach,... by usoftax_admin | Apr 28, 2025 | Tax News
Blackfeet Nation members are asking a Montana federal judge to reconsider an order to transfer their challenge against President Donald Trump’s tariffs on imports from Canada and abroad to the U.S. Court of International Trade, saying the decision is based on... by usoftax_admin | Apr 28, 2025 | Tax News
A North Carolina dentist was acquitted of wire fraud and tax evasion charges on the fourth day of a federal jury trial in which prosecutors had alleged the dentist submitted false loan applications to the Small Business Administration and failed to pay income... by usoftax_admin | Apr 28, 2025 | Tax News
Federal prosecutors are weighing whether to continue pursuing a criminal case against two executives of crypto mixing service Samourai Wallet in light of a recent U.S. Department of Justice memo limiting certain digital asset prosecutions. by usoftax_admin | Apr 28, 2025 | Tax News
Tax and legal services provider Andersen Group Inc. said Monday it confidentially filed for an initial public offering, marking a first step toward going public amid market volatility that has largely frozen IPOs in recent weeks. by usoftax_admin | Apr 28, 2025 | Tax News
President Donald Trump’s tariffs exceed the constitutional authority of the executive branch, argued 12 American companies, including a manufacturer of tabletop games that are printed in China, urging a federal court to halt them. by usoftax_admin | Apr 28, 2025 | Tax News
The U.S. Tax Court upheld more than $118,000 in penalties Monday against an Arizona-based car dealership, rejecting its argument that third-party tax software errors were to blame for its failures to report cash transactions of over $10,000 for 2016. by usoftax_admin | Apr 28, 2025 | Tax News
A decision that allowed the federal government to reindict a health clinic manager for a Medicare and tax fraud scheme can stand, a Second Circuit panel found Monday, agreeing with the lower court that his offenses were serious enough to permit it. by usoftax_admin | Apr 28, 2025 | Tax News
The U.S. government asked a D.C. federal court to throw out four organizations’ bid to keep the White House’s Department of Government Efficiency from accessing confidential taxpayer data, saying their suit fails to show injury to the groups’... by usoftax_admin | Apr 28, 2025 | Tax News
The federal government has reversed course on a bid for former Illinois House Speaker Michael Madigan to forfeit more than $3 million in the wake of his partial conviction on public corruption, saying it stands by its legal arguments but was backing off as “a...