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Ala. Net Tax Collections Increased $306M In Fiscal Year 2024

by usoftax_admin | Oct 4, 2024 | Tax News

Alabama general revenue from October 2023 through September was $306 million higher than during the 2023 fiscal year, according to a report by the state Department of Revenue.

Former NJ Doctor Owes $4.8M In FBAR Penalties, Court Told

by usoftax_admin | Oct 4, 2024 | Tax News

A former physician in New Jersey faces a tax bill of almost $5 million for failing to report 19 bank accounts he opened at Indian banks, the government told a federal court.

Mental Health First Aid: A Brief Primer For Attorneys

by usoftax_admin | Oct 4, 2024 | Tax News

Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and...

IRS Probes Atty Over Promotion Of Deferred Law Firm Fees

by usoftax_admin | Oct 4, 2024 | Tax News

The Internal Revenue Service is investigating a lawyer it suspects of promoting a scheme to illegally shield attorneys from taxes on legal fees, according to an Ohio federal court petition seeking to enforce summonses for documents in the case.

How law firms maximise value from referrals

by usoftax_admin | Oct 4, 2024 | Tax News

Tax and legal advisers explain how they keep tabs on referrals and why reciprocity is important to generating new business
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