by usoftax_admin | Mar 3, 2025 | Tax News
A Drexel University accounting professor convicted on tax evasion charges for failing to report $3.3 million in income from a Trenton, New Jersey, pharmacy was sentenced to two years in federal prison on Monday, according to acting U.S. Attorney Vikas Khanna. by usoftax_admin | Mar 3, 2025 | Tax News
A Florida federal court should order a tax preparer to pay more than $1.6 million in penalties and interest because he intentionally failed to report his accounts at a pair of Indian banks, the U.S. said. by usoftax_admin | Mar 3, 2025 | Tax News
The recent sentencing of a man who failed to properly report capital gains from bitcoin sales is a reminder that special attention must be given to the IRS’ reporting requirements in order to stay out of the government’s crosshairs, says Saverio Romeo at... by usoftax_admin | Mar 3, 2025 | Tax News
A Texas man wrongly claimed a tax deduction from a property damaged in 2017 by Hurricane Harvey that was actually owned by his adult children, the U.S. Tax Court ruled Monday, upholding an IRS determination that rejected his $49,500 loss deduction. by usoftax_admin | Mar 3, 2025 | Tax News
Rabie Morsy and Karim Adel of Saleh, Barsoum & Abdel Aziz – Grant Thornton Egypt summarise three laws designed to facilitate the growth of SMEs and business as a whole through simplified tax procedures and incentives