Firm's Case Against GILTI Regs Can Proceed, DC Judge Says

By Natalie Olivo

An Israeli law firm's suit alleging that U.S. Department of the Treasury regulations regarding overseas income create disproportionate burdens for small entities may continue, a D.C. federal judge said, though dismissing a parallel claim brought by an individual attorney.

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Justices Urged To Hear Mich. Tax Foreclosure Case

By Danielle Ferguson

A property owner has asked the U.S. Supreme Court to weigh in on her case alleging a Michigan county improperly kept the excess proceeds of her tax-foreclosed home sale, arguing the justices should settle a conflict among circuits and calling the state's process to claim such proceeds too restrictive.

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Analysis

China's Crackdown On Rare Earth Minerals Spooks Importers

By Dylan Moroses

In the latest trade salvo between the U.S. and China, stricter Chinese export controls on critical earth minerals that many U.S. manufacturers rely on are causing concern for businesses, which may have difficulty diversifying supply chains for the rare materials.

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IRS Agents Lose Defamation Suit Against Hunter Biden's Atty

By Anna Scott Farrell

An attorney who defended Hunter Biden against criminal tax charges was only expressing his legal opinion when he accused Internal Revenue Service agents of illegally disclosing his client's private tax information, a D.C. federal judge ruled in dismissing the agents' complaint for defamation.

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Tax Prep Co. Loses Challenge To IRS E-File Ban

By Anna Scott Farrell

The IRS didn't violate a tax preparation company's constitutional rights or administrative law in barring it from filing returns electronically, a New York federal judge ruled, saying the agency was allowed to issue the suspension after investigating the company for filing fraudulent returns.

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Ga. Tax Worker Seeks Interest On Chrisley Slander Award

By Asha Glover

A Georgia Department of Revenue employee who was awarded $755,000 in her slander case against former reality star and convicted fraudster Todd Chrisley asked a federal judge to grant her post-judgment interest, which she said was mandatory but not spelled out in her judgment.

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IRS Mishandled Co.'s Payment Plan Request, Tax Court Says

By Anna Scott Farrell

The Internal Revenue Service improperly rejected a home health agency's request for an installment agreement to pay overdue taxes, the U.S. Tax Court said Thursday in ordering the agency's appeals office to reconsider the request.

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Tax Court Denies $2M Theft Deduction For Lack Of Evidence

By Asha Glover

A couple isn't allowed to claim a $2 million tax deduction for theft because they couldn't prove they were actually robbed or deceived, the U.S. Tax Court said Thursday.

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LA Developers Charged In Homeless Housing Fund Fraud

By Gina Kim

A pair of real estate developers have been charged in separate fraud cases alleging that they misused millions of dollars meant to build and operate affordable housing for people experiencing homelessness, the U.S. Attorney's Office of the Central District of California announced Thursday.

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Applicable Federal Rates To Slide For 4th Month

By Kat Lucero

Applicable federal rates for income tax purposes will continue a monthslong slide in November, the Internal Revenue Service said Thursday, with dips for a fourth consecutive month after a July rebound.

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