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Navigating A Potpourri Of Possible Transparency Act Pitfalls

by usoftax_admin | Sep 12, 2024 | Tax News

Despite the Financial Crimes Enforcement Network’s continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in...

AGs Ask 2nd Circ. To Revive Their SALT Cap Workaround Suit

by usoftax_admin | Sep 12, 2024 | Tax News

Attorneys general from New York, New Jersey and Connecticut asked the Second Circuit to revive their challenge to an IRS rule prohibiting workarounds to the federal cap on state and local tax deductions, saying the rule was arbitrary and contrary to congressional...

Convicted Fraudster Seeks To Challenge $21M Restitution

by usoftax_admin | Sep 12, 2024 | Tax News

A Florida man convicted of defrauding hospitals in a payroll fraud scheme urged the Eleventh Circuit Thursday to allow him to challenge a $21 million restitution award while still in prison, saying he wasn’t allowed to challenge inaccurate information during...

Wilson Sonsini Hires Tax Pro From Slaughter and May

by usoftax_admin | Sep 12, 2024 | Tax News

Wilson Sonsini Goodrich & Rosati PC has recruited a tax specialist from Slaughter and May to its office in London to boost its strengths representing U.K. and European technology and life sciences companies that are expanding in the U.S. and globally.

Ex-Mass. State Sen. Tran Convicted Of Pandemic Aid Fraud

by usoftax_admin | Sep 12, 2024 | Tax News

Former Massachusetts State Sen. Dean Tran was convicted Wednesday of fraudulently collecting pandemic unemployment benefits after he was voted out of office and of cheating on his taxes.
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