by usoftax_admin | May 13, 2025 | Tax News
A U.S. Court of International Trade panel expressed skepticism Tuesday that the emergency law President Donald Trump is using to impose global tariffs left the determination of an “unusual and extraordinary threat” to be a political rather than legal... by usoftax_admin | May 13, 2025 | Tax News
Senate Finance Committee Democrats asked an energy company’s chairman Tuesday to address what they allege is evidence of a scheme involving members of President Donald Trump’s new administration, including the nominee for IRS commissioner, to validate... by usoftax_admin | May 13, 2025 | Tax News
The U.S. Tax Court erred by tossing the IRS’ suggested method to price royalties for intangible property licensed by medical device maker Medtronic to a Puerto Rican affiliate because its products differed from those of comparable uncontrolled companies, a... by usoftax_admin | May 13, 2025 | Tax News
The new KPMG law firm, launched in Arizona following that state’s repeal of the prohibition on fee sharing with nonlawyers, raises a number of important practice questions, both for the firm and those law firms seeking to partner with it, says Deborah Winokur at... by usoftax_admin | May 13, 2025 | Tax News
A onetime managing director at consulting firm Alvarez & Marsal should spend two-and-a-half years in prison as punishment for failing to file his personal taxes and lying on a mortgage application, prosecutors told a D.C. federal judge. by usoftax_admin | May 13, 2025 | Tax News
The Internal Revenue Service asked for comments Tuesday on proposals by Exxon Mobil to add two chemicals to the agency’s list of taxable substances. by usoftax_admin | May 13, 2025 | Tax News
Cahill Gordon & Reindel LLP has added the former co-head of Fried Frank Harris Shriver & Jacobson LLP’s digital assets and blockchain practice as a partner in Washington, D.C., the firm announced Tuesday. by usoftax_admin | May 12, 2025 | Tax News
The U.S. Department of Homeland Security is fighting Montana tribal members’ attempt to stop the transfer of their lawsuit challenging President Donald Trump’s Canada tariff orders from federal court to the U.S. Court of International Trade, saying the CIT... by usoftax_admin | May 12, 2025 | Tax News
A D.C. federal judge rejected Monday a trio of immigration advocacy groups’ request to block the Internal Revenue Service from sharing with immigration enforcement agencies the names and addresses of people suspected of being in the country illegally. by usoftax_admin | May 12, 2025 | Tax News
If the Internal Revenue Service revokes Harvard’s tax-exempt status for violating established public policy — a position unsupported by currently available information — the precedent set by surviving the inevitable court challenge could undercut the autonomy...