by usoftax_admin | May 12, 2025 | Tax News
The U.S. Tax Court found Monday that a tax lawyer who was admitted to practice before the court had advanced four frivolous arguments contesting the authority of the IRS, upholding over $1 million in deficiencies and other additions to tax. by usoftax_admin | May 12, 2025 | Tax News
A stationery company challenging President Donald Trump’s global tariffs has received support from former U.S. senators and retired federal judges who told a Florida federal court that the power to impose trade measures remains squarely with Congress. by usoftax_admin | May 12, 2025 | Tax News
A man who didn’t immediately notify the IRS that he moved missed his chance to dispute a tax bill the agency sent to his former home, the U.S. Tax Court ruled Monday, saying he failed to show he should’ve been given extra time to bring his case. by usoftax_admin | May 12, 2025 | Tax News
The Internal Revenue Service’s interest rates for overpayments and underpayments of tax will remain the same in the quarter starting in July, the agency said Thursday. by usoftax_admin | May 12, 2025 | Tax News
Eaton Corp. may withhold performance evaluations for three foreign employees from the IRS’ investigation of Eaton’s sale of intellectual property to an Irish affiliate, an Ohio federal judge decided Monday, saying the records are not important enough to... by usoftax_admin | May 12, 2025 | Tax News
A mortgage company can deduct nearly $7 million in corporate income for 2014, the U.S. Tax Court ruled Monday, affirming adjustments made to correct accounting errors tied to its warehouse-lending business. by usoftax_admin | May 12, 2025 | Tax News
The U.S. will cut tariffs on most Chinese goods to 30% for 90 days while China will reduce tariffs on most U.S. goods to 10%, the countries announced Monday after the two governments agreed to relax soaring tariffs. by usoftax_admin | May 12, 2025 | Tax News
Spencer Fane LLP announced Monday that it has bolstered its tax, trusts and estates practice group in Tampa with the addition of a former Gunster shareholder. by usoftax_admin | May 12, 2025 | Tax News
Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente examine year-end transfer pricing adjustments in light of EU developments and implementation of the OIC 34 accounting standard in Italy by usoftax_admin | May 12, 2025 | Tax News
House Ways and Means Republicans proposed a $30,000 state and local tax deduction cap and a renewed research and development credit in updated legislation to extend their 2017 tax overhaul law, which the committee plans to consider Tuesday.