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Black Business Owners Sue Over Impact Of Transparency Act

by usoftax_admin | May 30, 2024 | Tax News

The Corporate Transparency Act creates unique burdens on businesses owned by people of color, immigrants and other marginalized groups, the Black Economic Council of Massachusetts and several company owners said in the latest legal challenge to the anti-money...

Russian Gas Ex-CFO Says $44M FBAR Penalty Is Excessive

by usoftax_admin | May 30, 2024 | Tax News

The former chief financial officer of a Russian gas company who was sentenced to seven years in prison for hiding money in Swiss banks told a Florida federal court that the $44 million in foreign account reporting penalties the government is seeking is illegally...

Trauma-Informed Legal Approaches For Pro Bono Attorneys

by usoftax_admin | May 30, 2024 | Tax News

As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themselves from compassion fatigue and burnout, say Katherine...

IRS To Make E-File Program Permanent, Plans Expansions

by usoftax_admin | May 30, 2024 | Tax News

The Internal Revenue Service will make permanent the free online tax filing system it launched as a limited pilot program this year and plans to expand its scope, Commissioner Daniel Werfel said Thursday.

Five minutes with… Rachel Nutt, MHA

by usoftax_admin | May 30, 2024 | Tax News

Nutt, a tax partner in the energy sector at MHA, tells ITR about dolphin daydreams, her distaste for working from home and what makes tax cool
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