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Poor Counsel Led To Unjust Tax Convictions, Justices Told

by usoftax_admin | Nov 15, 2024 | Tax News

A North Carolina actuary asked the U.S. Supreme Court to review a Fourth Circuit decision denying his bid to reverse his 2016 tax fraud convictions, saying the ruling was based on bad decisions made by his then-trial counsel.

Man Gets 6 Years For Tax Evasion With Watches, Casino Chips

by usoftax_admin | Nov 15, 2024 | Tax News

A former New Jersey businessman was sentenced to more than six years in prison and ordered to pay roughly $10.3 million in restitution to the Internal Revenue Service after being convicted of evading taxes using ploys involving luxury watches and casino chips.

Hedge Fund Group Urges Trump To Reject ‘Punitive’ Policies

by usoftax_admin | Nov 15, 2024 | Tax News

A leading industry group representing hedge funds and other alternative asset managers is urging President-elect Donald Trump to abandon “punitive” economic policies and instead propose tax and regulatory relief, including business-friendly priorities at...

Fla. Health Co. Owner Pleads Guilty In $11M Payroll Tax Case

by usoftax_admin | Nov 15, 2024 | Tax News

A Florida healthcare business owner who caused a tax loss to the IRS of nearly $11 million pled guilty in a Miami federal court to failing to pay employment taxes and not filing his income tax returns, the U.S. Department of Justice said Friday.

Applicable Federal Rates Set To Increase In Dec.

by usoftax_admin | Nov 15, 2024 | Tax News

Applicable federal rates for income tax purposes will increase across the board in December, reversing a decline spanning months, the Internal Revenue Service said Friday.
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