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Mich. Panel Denies Man’s Bid To Switch Residence Tax Break

by usoftax_admin | Jan 24, 2025 | Tax News

The Michigan Court of Appeals rejected a resident’s attempt to switch a principal residence exemption from one home tied to his driver’s license and voter registration address to a different house, saying he didn’t prove that he moved to the other...

Tech Co. Founder Gets 2.5 Years In $14M Payroll Tax Case

by usoftax_admin | Jan 24, 2025 | Tax News

A New Hampshire federal judge sentenced the founder of a technology startup to two and a half years in prison for failing to pay more than $14 million in employment and personal taxes, granting a request from prosecutors who said incarceration was the only meaningful...

GOP Sens. Propose Permanent Pass-Through Break

by usoftax_admin | Jan 24, 2025 | Tax News

The 2017 federal tax law’s pass-through deduction would be made permanent under legislation co-signed by more than half of the Senate’s Republicans.

IRS Says Athlete NIL Charity-Work Collective Not Tax-Exempt

by usoftax_admin | Jan 24, 2025 | Tax News

An organization that pays college athletes from an unidentified university for the of use their names, images and likenesses in exchange for their participation in charity and educational events is not tax-exempt, the Internal Revenue Service said Friday.

Law Students Scramble As Federal Gov’t Yanks Job Offers

by usoftax_admin | Jan 24, 2025 | Tax News

Law students across the country are scrambling to figure out their next steps after a range of federal agencies yanked job and internship offers this week because of the new hiring freeze imposed by the Trump administration.

House Bill Would Repeal Stock Buyback Tax

by usoftax_admin | Jan 24, 2025 | Tax News

The excise tax on stock buybacks would be repealed under legislation introduced in the U.S. House of Representatives.
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