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Case history; Prior: Certiorari to the United States Court of Appeals for the Seventh Circuit: Holding (1) A genuine, good faith belief that one is not violating the Federal tax law based on a misunderstanding caused by the complexity of the tax law is a defense to a charge of "willfulness", even though that belief is irrational or unreasonable; (2) a belief that the Federal income tax is ...
The U.S. Supreme Court rejected that argument, essentially ruling that under federal income tax law all the future income earned by Mr. Earl was taxable to him at the time he earned the income, even though he had already assigned part of the income to his wife, and regardless of the validity of the assignment agreement under state law.
This is a list of all the United States Supreme Court cases from volume 604 of the United States Reports: Note: As of August 2024, final bound volumes for the U.S. Supreme Court's United States Reports have been published through volume 579.
A federal appeals court ruled that the Justice Department can release a report on Donald Trump’s efforts to overturn his 2020 election loss, but kept in place a judge's order requiring a three ...
In August, the IRS provided the so-called private letter ruling to the unnamed company, stating that they could offer workers more flexibility with their 401(k) accounts. At the beginning of each ...
To Baxter, the 50% versus 70% maximum marginal tax rates meant the difference of $178,000. At first, Baxter refused to pay. His Certified Public Accountant, E.J. Maddocks, advised Baxter that to avoid potential penalties and interest, Baxter should instead pay the tax asserted by the government, and later sue the government for a tax refund. [2]
Mar. 12—For me, the most important judicial decision in U.S. history is easy to pinpoint. Brown v. Topeka Board of Education was the great equalizer, a ruling that ever so slowly lessened the ...
Tax protesters in the United States advance a number of administrative arguments asserting that the assessment and collection of the federal income tax violates regulations enacted by responsible agencies –primarily the Internal Revenue Service (IRS)– tasked with carrying out the statutes enacted by the United States Congress and signed into law by the President.