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Trump Downplays NY Judge’s Safety Risk After Threats

by usoftax_admin | Nov 27, 2023 | Tax News

Donald Trump’s lawyers on Monday said safety concerns don’t justify a New York state judge’s gag orders against the former president in the state attorney general’s civil fraud trial, arguing that threats made by others don’t present an...

Accountants Warn Of IRS Problems If Gov’t Shuts Down

by usoftax_admin | Nov 27, 2023 | Tax News

A professional organization for certified public accountants told the U.S. Department of the Treasury and lawmakers Monday that a potential government shutdown would have “dire consequences” for the Internal Revenue Service.

IRS Proposes Rules On Part-Time Worker Retirement Plans

by usoftax_admin | Nov 27, 2023 | Tax News

Employees would not be considered long-term, part-time employees for purposes of qualifying to participate in retirement plans that include cash or deferred arrangements until they worked two or three years as required by laws known as the Secure Act and Secure 2.0...

Florida Tax Preparer Must Pay $1.2M Liability, Court Rules

by usoftax_admin | Nov 27, 2023 | Tax News

The U.S. government may proceed with its plan to collect more than $1.2 million in unpaid tax liabilities from a Florida woman, a Florida federal judge ruled Monday.

IRS Proposes Changes To Related Persons Deductions

by usoftax_admin | Nov 27, 2023 | Tax News

The Internal Revenue Service proposed rules that would affect the disallowance of deductions for losses on transactions with related persons.

KPMG freezes pay for 12,000 staff and cuts tax bonuses

by usoftax_admin | Nov 27, 2023 | Tax News

The stagnating pay and tax bonuses cap follow slashed payouts for the deals team and business consolidation in the last month
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