Business groups oppose tighter financial disclosures in court amicus briefs
Business groups urged a U.S. judicial panel on Friday to reject a proposal to require more funding disclosures in ...
Case: Taxpayers Not Entitled to Deductions for Business Expenses or Losses (T.C. Memo)
Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...
JD Supra2d
The Taxpayer Bill of Rights - 10 Essential Rights for U.S. Taxpayers
Are you aware of the Taxpayer Bill of Rights?  We are reminded, especially during tax season, that taxpayers have 10 ...
JD Supra2d
Summary of Tax Proposals in Leaked Document Detailing Policy Proposals
On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...
Kiplinger2d
Types of Income the IRS Doesn't Tax: What to Know for 2025
A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...
EU Signals Halt to Tax Proposals Amid Simplification Drive
The European Union will make a big push for regulatory simplification this year, refraining from introducing new tax proposals as part of an effort to ease business compliance burdens.