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Ex-Mass. State Sen. Gets 18 Months For Pandemic, Tax Fraud

by usoftax_admin | Feb 7, 2025 | Tax News

A former Massachusetts state senator was sentenced to 18 months in prison Friday after being convicted of fraudulently collecting pandemic unemployment benefits and failing to report consulting income he was also earning at the time on his tax returns.

Customs Broker Pleads Guilty To Wire Fraud, Tax Evasion

by usoftax_admin | Feb 7, 2025 | Tax News

A customs broker pled guilty Friday in California federal court to evading $1.5 million in taxes and overcharging clients about $5.4 million in import duty fees as part of a plea agreement he reached with the U.S. Department of Justice.

Ex-NFL Star Romanowski’s Bankruptcy Converted To Ch. 7

by usoftax_admin | Feb 7, 2025 | Tax News

Former NFL player Bill Romanowski and wife Julie had their Chapter 11 bankruptcy case converted to a Chapter 7 on Friday, after a California judge called a filing from the couple seeking the case’s dismissal full of “hyperbole” and said a trustee is...

BOI penalties increase while reporting rules remain on hold

by usoftax_admin | Feb 7, 2025 | Tax News

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

Md. Bill Would Bar Local Taxes On Carryout Bags

by usoftax_admin | Feb 7, 2025 | Tax News

Maryland would bar local governments from imposing new taxes or other charges on carryout bags used by retail consumers under legislation introduced Friday.

Ill. DOR Rule Would Carry Out Sales Tax Sourcing Change

by usoftax_admin | Feb 7, 2025 | Tax News

The Illinois Department of Revenue would implement a recent law requiring out-of-state sellers to use destination sourcing for remitting sales tax under a proposed rule released Friday. 
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