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The Tax Angle: IRS Revolving Doors, Airline Ticket Prices

by usoftax_admin | Sep 29, 2023 | Tax News

From a look at the IRS chief counsel nominee’s plans for life after the agency to the potential expiration of federal taxes on airline tickets and jet fuel, here’s a peek into a reporter’s notebook on a few of the week’s developing tax...

Fla. Tax Preparer, Others Indicted In Refunds Scam

by usoftax_admin | Sep 29, 2023 | Tax News

A Florida tax preparer violated a court order to leave the tax business and falsified returns to trigger inflated refunds for participants in a three-year scheme called “the note program,” according to a federal indictment in Orlando.

PE Exec Avoids Prison On ‘Varsity Blues’ Tax Charge

by usoftax_admin | Sep 29, 2023 | Tax News

A parent whose “Varsity Blues” fraud and bribery convictions were undone by the First Circuit was sentenced Friday to six months of home confinement for taking tax deductions on payments he made to the ringleader of the college admissions scheme, with a...

IRS Cuts Tax Preparer ID User Fee By Almost 50%

by usoftax_admin | Sep 29, 2023 | Tax News

The Internal Revenue Service lowered the user fee incurred when applying for or renewing a preparer tax identification number by almost 50%, according to interim final regulations published Friday.

How Gov’t Agencies Will Fare In The Event Of A Shutdown

by usoftax_admin | Sep 29, 2023 | Tax News

With a federal shutdown potentially set to begin at the end of this month, it may be useful to consider the approximate timelines that agencies such as the Federal Trade Commission and IRS have announced for curtailing operations, and potential strategies for...

Tax Deadlines Postponed In La. After Saltwater Intrusion

by usoftax_admin | Sep 29, 2023 | Tax News

Louisiana taxpayers affected by saltwater intrusion along the Mississippi River will have until February to file certain tax returns that had been due in October and January, the Internal Revenue Service said Friday.
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