by usoftax_admin | Jun 24, 2024 | Tax News
An Illinois federal judge on Monday sentenced former Chicago Alderman Ed Burke to two years in prison and fined him $2 million for using his official position to steer tax business to his personal law firm, closing what prosecutors called “another sordid... by usoftax_admin | Jun 24, 2024 | Tax News
The United Nations’ efforts to consider international tax issues risk upending the early finished work of countries negotiating a global tax plan at the Organization for Economic Cooperation and Development, a top European Commission tax official said... by usoftax_admin | Jun 24, 2024 | Tax News
The final text of a multilateral convention to implement the OECD-designed taxing rights overhaul will include improved language to eliminate existing digital services tax and prohibit prospective ones, a U.S. Treasury Department official said Monday. by usoftax_admin | Jun 24, 2024 | Tax News
A group of tax preparers have met the requirements to form a class in a suit accusing their former employer of failing to pay overtime, a New York federal magistrate judge said, rejecting the employer’s argument that their request for class status came too... by usoftax_admin | Jun 24, 2024 | Tax News
The Internal Revenue Service finalized rules Monday that curb the conservation easement tax deduction claimed by certain partnerships, with some changes to last year’s proposed version, such as limiting the opportunity for entities to adjust their tax returns to...