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Ex-Husch Blackwell, Dykema Atty Pleads Guilty To Tax Evasion

by usoftax_admin | May 14, 2024 | Tax News

A former Husch Blackwell LLP partner who helped launch Dykema Gossett’s PLLC’s Milwaukee office two years ago has agreed to plead guilty in Wisconsin federal court to willfully evading paying income tax, which could land him in prison for over a year and...

Asset Manager Exemption Shifts May Prove Too Burdensome

by usoftax_admin | May 14, 2024 | Tax News

The U.S. Department of Labor’s recent change to a prohibited transaction exemption used by retirement plan asset managers introduces a host of new costs, burdens and risks to investment firms, from registration requirements to new transition periods, say attorneys at...

Big Refund Filings Could Be Improper, IRS Says

by usoftax_admin | May 14, 2024 | Tax News

Inaccurate advice from social media, as well as a series of tax scams, has resulted in an increase in questionable, inflated refund claims, the Internal Revenue Service said Tuesday.

ER Doc Can’t Deduct His Film Co.’s Costs, 5th Circ. Told

by usoftax_admin | May 14, 2024 | Tax News

An emergency room doctor with a passion for music was correctly denied business deductions for his unprofitable production company, the IRS told the Ninth Circuit in asking it to uphold a U.S. Tax Court ruling that found the doctor owed more than $59,000 in taxes and...

W&I insurance and tax insurance: Portuguese market trends and tax landscape

by usoftax_admin | May 14, 2024 | Tax News

Ana Helena Farinha and Tiago Martins de Oliveira of Cuatrecasas provide an overview of the current status of the Portuguese warranty and indemnity insurance and tax insurance market
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