by usoftax_admin | Jan 30, 2025 | Tax News
A Florida salesman evaded nearly $2 million in taxes over more than a dozen years while earning more than $10 million by transferring his home and cash to his domestic partner and creating a nominee business, according to an indictment in Florida federal court. by usoftax_admin | Jan 30, 2025 | Tax News
The Internal Revenue Service would be required to simplify foreign bank account report compliance and increase civil and criminal penalties on tax professionals who deliberately harm their clients under draft legislation released Thursday by the Senate Finance... by usoftax_admin | Jan 30, 2025 | Tax News
The New York Tax Appeals Tribunal unconstitutionally denied a resident tax credit for income tax paid by a partner of a Connecticut-based asset management company, the partner told a New York state appeals court, saying her income was double-taxed by the... by usoftax_admin | Jan 30, 2025 | Tax News
Kansas would allow counties and cities to impose earnings taxes through local ballot measures with the revenue aimed at property tax relief under bills introduced in the state Senate. by usoftax_admin | Jan 30, 2025 | Tax News
Treasury’s new rules on supervisory approval of penalties are flawed and don’t apply to a couple’s suit challenging tax penalties and denied deductions related to microcaptive insurance companies they operated for a network of urgent care clinics, an...