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Court Tosses Realty’s Suit Over Canceled IRS Contract

by usoftax_admin | Oct 12, 2023 | Tax News

A New Jersey realty company failed to show that the federal government unjustly canceled a June 2022 lease solicitation for Internal Revenue Service office space, the U.S. Court of Federal Claims ruled on Thursday.

How Law Firms Can Use Account-Based Marketing Strategies

by usoftax_admin | Oct 12, 2023 | Tax News

Amid several evolving legal industry trends, account-based marketing can help law firms uncover additional revenue-generating opportunities with existing clients, with key considerations ranging from data analytics to relationship building, say Jennifer Ramsey at...

Yearly Tax Gap Climbs To $688B, IRS Says

by usoftax_admin | Oct 12, 2023 | Tax News

The gross tax gap grew to a projected $688 billion in the 2021 tax year, the IRS said Thursday, and an agency official told reporters that figure would likely be higher if it had better compliance data.

Ex-CEO Sentenced To 17 Years In $34M PPP Fraud Scheme

by usoftax_admin | Oct 12, 2023 | Tax News

The former head of a California group home for veterans and ex-prisoners was sentenced to 17 years in prison after being convicted of defrauding banks and trying to steal $34 million from the federal Paycheck Protection Program, the U.S. Department of Justice said...

Exec Who Beat ‘Varsity Blues’ Rap Recalls ‘Frustrating’ Saga

by usoftax_admin | Oct 12, 2023 | Tax News

A private equity executive who avoided prison time after an appeals court largely threw out his conviction in the “Varsity Blues” college admissions case told Law360 that he felt bullied by aggressive federal prosecutors, claiming they lied about his...

IRS Spent 2.5% Of Inflation Reduction Act Funds, TIGTA Says

by usoftax_admin | Oct 12, 2023 | Tax News

The Internal Revenue Service has spent 2.5% of the $78 billion in funds earmarked for the agency through the Inflation Reduction Act, the Treasury Inspector General for Tax Administration said in a report published Thursday.
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