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Nebraska Net Revenue Misses Estimate By $49M

by usoftax_admin | Jun 20, 2024 | Tax News

Nebraska’s net general fund receipts for July through May came in $49 million below a budget projection, according to a monthly report by the state Department of Revenue.

German Court Convicts 5 In €52M VAT Fraud In Cars, Masks

by usoftax_admin | Jun 20, 2024 | Tax News

Five people who played roles in a value-added tax fraud scheme involving the trade of luxury cars and medical face masks that caused over €52 million ($55.7 million) in losses were convicted by a Berlin court, the European Public Prosecutor’s Office announced...

IRS Issues Guidance For Early Withdrawal Penalty Exceptions

by usoftax_admin | Jun 20, 2024 | Tax News

The Internal Revenue Service published guidance Thursday on exceptions to the 10% additional tax for those making permissible early retirement account withdrawals for emergency personal expenses and for victims of domestic abuse.

Tax Court Says Man Can’t Avoid Early Withdrawal Penalty

by usoftax_admin | Jun 20, 2024 | Tax News

The Internal Revenue Service correctly determined that a Delaware man’s early withdrawal of $137,000 from his retirement accounts in order to buy his brother’s share of their dead mother’s property did not qualify for the first-time homebuyer’s...

La. Tax Agency Proposes Expanding Informal Payment Plans

by usoftax_admin | Jun 20, 2024 | Tax News

Louisiana taxpayers with less than $50,000 in taxes due would be able to pay over five years in an informal installment plan, the Louisiana Department of Revenue said in a proposed rule that would increase the current threshold.
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Ireland

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Sey Tax Group
Sey Tax Ltd
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Ireland D02 P2N6

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Fax        + 353 1 9011795

 

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