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FedEx Calls Gov’t Arguments On Tax Credits Contradictory

by usoftax_admin | Apr 26, 2024 | Tax News

The federal government advanced contradictory arguments in FedEx’s $84.6 million foreign tax credits dispute with the Internal Revenue Service, the package delivery giant said in a filing in Tennessee federal court.

Ex-Mass. Trooper Handed 5 Years For No-Work OT, Tax Fraud

by usoftax_admin | Apr 26, 2024 | Tax News

A former Massachusetts state trooper convicted of stealing overtime pay, lying on his taxes and cheating to get student aid for his son was sentenced Friday by a federal judge to five years in prison for his leadership role in the sprawling overtime fraud...

IRS To Decide Soon On Renewal Of E-File Pilot Program

by usoftax_admin | Apr 26, 2024 | Tax News

The Internal Revenue Service expects to decide on the future of its free e-filing pilot program this spring after gathering additional feedback, Commissioner Daniel Werfel said Friday.

Unpacking The Bill To Extend TCJA’s Biz-Friendly Tax Breaks

by usoftax_admin | Apr 26, 2024 | Tax News

Attorneys at Skadden examine how a bipartisan bill currently being considered by the U.S. Senate to save the Tax Cuts and Jobs Act’s tax breaks for research and development costs, and other expiring business-friendly provisions, would affect taxpayers.

Gov’t Wants Ex-Boston Celtic Imprisoned For Health Plan Scheme

by usoftax_admin | Apr 26, 2024 | Tax News

Prosecutors asked a Manhattan federal judge to sentence former Boston Celtics player Glen “Big Baby” Davis to roughly three years in prison after he was convicted of scheming with a group of ex-pros to submit fraudulent invoices to the NBA’s...
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