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Ukrainian Pleads To $11M Tax Fraud, Immigration Scheme

by usoftax_admin | Nov 4, 2024 | Tax News

A Ukrainian national charged for immigration fraud and money laundering has pled guilty and could face 20 years in prison, the U.S. Justice Department announced.  

Justices Won’t Hear UBS Suit Over Disclosed Account Info

by usoftax_admin | Nov 4, 2024 | Tax News

The U.S. Supreme Court declined Monday to hear a couple’s suit accusing UBS of fraudulently flagging an account to the Internal Revenue Service in violation of civil provisions under the Racketeer Influenced and Corrupt Organizations Act.

Colo. Urges Appeals Court To Toss Netflix Sales Tax Ruling

by usoftax_admin | Nov 4, 2024 | Tax News

Netflix subscriptions in Colorado are tangible personal property subject to sales tax under long-standing state law, the state tax department told an appeals court, urging it to reverse a trial court ruling.

Ark. Revenue Outpaces Estimate By $23M Through Oct.

by usoftax_admin | Nov 4, 2024 | Tax News

Arkansas’ net general revenue fund collection from July through October surpassed a forecast by roughly $23 million, according to a report released Monday by the state Department of Finance and Administration.

Justices Let Stand Bar On Late-Filed Returns In Bankruptcy

by usoftax_admin | Nov 4, 2024 | Tax News

The U.S. Supreme Court said Monday it would let stand a Ninth Circuit decision finding late-filed returns prevented a taxpayer from discharging his federal tax debt in bankruptcy, rejecting the taxpayer’s request to resolve what he described as a significant...
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