John Woolley

1 week ago | news.bloombergtax.com | John Woolley

The US Supreme Court shouldn’t take up a Coinbase Inc. client’s request to shield his cryptocurrency transaction records from an IRS summons, the federal government argued Friday. James Harper, who used Coinbase’s platform to buy and sell cryptocurrency, is asking the high court to overturn a US Court of Appeals for the First Circuit rejection of his petition to quash an IRS summons seeking his account activity, balances, and the names of counter-parties to his transactions.

1 week ago | news.bloombergtax.com | John Woolley

Congress’s delegation of authority to the Federal Communications Commission to collect fees from telecommunications providers is an unconstitutional tax, a residential home builder said in a lawsuit Friday. Toll Brothers Inc. urged the US Court of Federal Clams to declare that the current means of supporting its Universal Service Fund with provider fees violates the nondelegation doctrine, thereby entitling the company to compensation and damages for a government taking of property.

1 week ago | news.bloomberglaw.com | John Woolley

COURT: Fed. Cl.TRACK DOCKET: No. 1:25-cv-00992 (Bloomberg Law subscription)Congress’s delegation of authority to the Federal Communications Commission to collect fees from telecommunications providers is an unconstitutional tax, a residential home builder said in a lawsuit Friday. Toll Brothers Inc.

1 week ago | news.bloombergtax.com | John Woolley

The federal government likely proved a couple can’t discharge more than $852,500 in tax liabilities following the husband’s bankruptcy because he had willfully sought to evade tax prior to his petition, a US magistrate judge said. The US should be entitled to summary judgment against Andre and Monique Vaughn to collect their outstanding liabilities, which allegedly totaled more than $1.78 million as of December 2024, Chief Magistrate Judge Daryl F.

1 week ago | news.bloombergtax.com | John Woolley

The representative of a retired US Army colonel sued the IRS to challenge more than $146,900 in tax liabilities that the agency issued after his death. Larry Turner sustained a thalamic stroke in 2019, leaving him unable to use the right side of his body and severely impairing his sight, hearing, and speech, according to two May 27 petitions to the US Tax Court.