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OECD Should Refine Min. Tax Guidance, US Trade Group Says

by usoftax_admin | Oct 6, 2023 | Tax News

The Organization for Economic Cooperation and Development should address several outstanding questions related to its latest administrative guidance for the global 15% minimum tax known as Pillar Two, the National Foreign Trade Council told the organization.

Boston Tax Preparer Gets 15 Months In Prison For $2M Fraud

by usoftax_admin | Oct 6, 2023 | Tax News

A Boston tax preparer and former public official who admitted earlier this year to ginning up false deductions to boost the size of refunds his clients would receive by $2 million was sentenced to 15 months in prison by a federal judge on Wednesday, the U.S....

Georgia Gov. Extends Suspension Of Gas Tax Into November

by usoftax_admin | Oct 6, 2023 | Tax News

Georgia will again extend the suspension of the state’s gas tax for 30 days under an executive order signed Friday by Republican Gov. Brian Kemp.

IRS Puts Lien On Giuliani’s Fla. Condo For $550K Tax Debt

by usoftax_admin | Oct 6, 2023 | Tax News

The IRS has placed a lien on a Florida condo owned by former President Donald Trump attorney Rudy Giuliani for nearly $550,000 in unpaid income taxes, according to a document filed in a Florida county court.

Treasury Proposes Rules For Clean Vehicle Credit Transfers

by usoftax_admin | Oct 6, 2023 | Tax News

The U.S. Treasury Department released proposed rules Friday for consumers and car dealerships seeking to take advantage of a new transfer method for the clean vehicle tax credit that was restructured under the Inflation Reduction Act.

Potential Calamities, Greatly Exaggerated: SALT In Review

by usoftax_admin | Oct 6, 2023 | Tax News

From fears of judicial upheaval to a tax break for space travel, RSM’s David Brunori offers his thoughts on noteworthy state and local tax news.
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