by usoftax_admin | Jan 17, 2024 | Tax News
A financial adviser didn’t have authority over several foreign accounts that he was accused of failing to report to the Internal Revenue Service, which wrongly assessed him $2.2 million in penalties, an Arizona federal jury ruled. by usoftax_admin | Jan 17, 2024 | Tax News
A former executive who took a $26 million buyout and rolled it into a retirement account while incorrectly claiming it was tax-free can’t avoid paying excise taxes on the excessive contribution by asserting the taxes are really penalties, the U.S. Tax Court... by usoftax_admin | Jan 17, 2024 | Tax News
Nebraska would provide an income tax adjustment based on a percentage of a corporation’s or an individual’s unrealized capital gains under a bill introduced in the state’s unicameral Legislature. by usoftax_admin | Jan 17, 2024 | Tax News
Tax laws passed during the current and previous U.S. administrations have spurred investment in forward-looking industries and created quality jobs, according to a former cabinet official and a Rockwell Automation executive speaking Wednesday during a panel in Davos,... by usoftax_admin | Jan 17, 2024 | Tax News
New Jersey’s major tax revenue collection for December fell 3.1% from the previous year, mainly because of an increase in corporate and income tax refunds, the state Department of the Treasury said Wednesday. by usoftax_admin | Jan 17, 2024 | Tax News
Only $800 of the $5,000 in expenses a California woman claimed qualify for an educational tax credit, the U.S. Tax Court ruled Wednesday.