by usoftax_admin | Dec 10, 2024 | Tax News
A construction company owner who failed to pay $2.8 million in employment taxes by falsely claiming his workers were subcontractors was sentenced to 18 months in prison Tuesday and ordered to pay full restitution, according to Massachusetts federal court... by usoftax_admin | Dec 10, 2024 | Tax News
A New York federal magistrate judge recommended vacating a default judgment against a widow, which would give her a second chance to defend her dead husband’s estate against U.S. government claims that it owes $275,000 for his failure to report his account at an... by usoftax_admin | Dec 10, 2024 | Tax News
A Florida man was correctly denied a pair of tax overpayment refunds that totaled roughly $88,000 because the statutes covering his claims are not governed by equitable tolling rules, the U.S. Tax Court said Tuesday. by usoftax_admin | Dec 10, 2024 | Tax News
A California attorney who fought with his neighbors in court cannot take business deductions for the cost of challenging his disbarment and a court’s declaration that he is a “vexatious litigant,” the Ninth Circuit said Tuesday, upholding a ruling... by usoftax_admin | Dec 10, 2024 | Tax News
A ruling allowing Exxon Mobil a U.S. tax deduction for interest expenses in its natural gas deal with Qatar confirms that Liberty Global is entitled to a deduction related to its sale of a Belgian affiliate, an attorney for the telecommunications company told the...