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Calif. Biz Owner Owes Back Taxes Despite Payment, OTA Says

by usoftax_admin | Jan 9, 2024 | Tax News

A California business owner is liable for an unpaid sales and use tax liability of about $20,000 despite having made a $20,000 payment, as he didn’t make clear what period the payment should apply to, the state Office of Tax Appeals ruled. 

Calif. Man Owes Liability Based On Federal Assessment

by usoftax_admin | Jan 9, 2024 | Tax News

A California man owes a tax liability that was based on an Internal Revenue Service assessment after he failed to prove the federal assessment had been lowered, the state’s Office of Tax Appeals ruled.

DLA Piper Adds EY Tax Partner To Brussels Office

by usoftax_admin | Jan 9, 2024 | Tax News

DLA Piper has added a tax partner to its Brussels office from EY, where he advised banks, insurers and funds on a range of Belgian and European Union tax matters, the firm announced.

Chicago Pol Guilty Over Lies, ‘Not Semantics,’ 7th Circ. Says

by usoftax_admin | Jan 9, 2024 | Tax News

A former Chicago alderman can’t escape his 2022 conviction for lying to the FDIC about bank loans he received and falsifying tax records because his statements were misleading enough to violate federal law, the Seventh Circuit said Monday.

S. Korea Increases Rewards For Tax Fraud Whistleblowers

by usoftax_admin | Jan 9, 2024 | Tax News

South Korea’s tax authority announced a set of expanded reward tiers for reporting tax evasion Tuesday that it said it expects to increase the total amount it pays out to whistleblowers by as much as 26% in 2024.

UK Crypto-Asset Owners Warned To Pay Tax Or Face Fines

by usoftax_admin | Jan 9, 2024 | Tax News

HM Revenue and Customs sent out a reminder on Tuesday to individuals with crypto-assets to file a self-assessment tax return for 2022/23 by Jan. 31, or face financial penalties.
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