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IRS Announces Sept. Meeting On Advisory Council Report

by usoftax_admin | Aug 13, 2024 | Tax News

The Internal Revenue Service’s Advisory Council will hold a public meeting on Sept. 5 to discuss a future report from the council, the agency announced Tuesday.

IRS releases updated draft of Form 1099-DA for digital assets

by usoftax_admin | Aug 13, 2024 | Tax News

The most recent draft of the form for reporting digital asset transactions reflects the final regulations for custodial broker reporting that the IRS released in June.

Accused Accounting Prof Is No Tax Expert, NJ Jury Told

by usoftax_admin | Aug 12, 2024 | Tax News

A New Jersey federal jury was urged Monday to keep one word at the front of their minds as they listen to the government present its case against an accounting professor accused of failing to report $3.3 million in income from a pharmacy he co-owned with his wife:...

FinCEN uses TV ad to tell businesses about BOI

by usoftax_admin | Aug 12, 2024 | Tax News

The PSA uses a chat between friends in a coffee shop to educate small businesses about beneficial ownership information reporting, which 32.6 million businesses must file.

Tax Court Tosses Deficiency Challenge Over Validity

by usoftax_admin | Aug 12, 2024 | Tax News

The U.S. Tax Court cannot rule on a man’s challenge to an Internal Revenue Service deficiency notice because the agency failed to show it correctly mailed the notice, rendering it invalid, and the case must be dismissed, the court said Monday. 
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