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GOP Reps Seek IRS Nonprofit Info After China Reports

by usoftax_admin | Apr 24, 2024 | Tax News

House Ways and Means Republicans asked the Internal Revenue Service to provide information about how it monitors tax-exempt organizations for possible violations of their status after reports China may be funding and improperly influencing nonprofits, according to a...

Mass. Golf Course Manager Gets 13 Mos. For Tax Fraud

by usoftax_admin | Apr 24, 2024 | Tax News

A Massachusetts golf course manager was sentenced to 13 months in prison after pleading guilty to tax charges, following prosecutors’ accusations that he manipulated contracts with a home developer to deflate their value.

Court Pauses Order To Sell Office Park In $16M Tax Battle

by usoftax_admin | Apr 24, 2024 | Tax News

A New Jersey federal court paused its order allowing the U.S. government to sell a family trust’s office park to satisfy a trustee’s $16.2 million tax debt Wednesday, giving the family time to appeal a decision approving the sale to the U.S. Supreme...

Fla. Woman Had Run Out Of Fixes, 11th Circ. Rules

by usoftax_admin | Apr 24, 2024 | Tax News

A district court did not err in dismissing the complaint of a Florida woman after she was given multiple opportunities to address barred claims and failed to adequately do so, the Eleventh Circuit said Wednesday.

Iowa House Advances Ballot Question Toward Flat Income Tax

by usoftax_admin | Apr 24, 2024 | Tax News

Iowa would require a flat individual income tax and would prohibit a graduated income tax under a proposed amendment to the state constitution that was passed as a resolution in the House of Representatives.
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