by usoftax_admin | Jan 14, 2025 | Tax News
A former Massachusetts state senator should spend two years in prison after being convicted of illegally obtaining unemployment assistance and filing a false tax return, the federal government argued, citing the “greed” at the heart of the... by usoftax_admin | Jan 14, 2025 | Tax News
The U.S. Department of Labor’s employee benefits arm has finalized changes to a program allowing retirement plan managers to voluntarily self-correct when they fail to forward employee contributions on time or make other transaction errors, according to a notice... by usoftax_admin | Jan 13, 2025 | Tax News
The proposed regulations provide guidance to plan administrators on implementing the automatic enrollment requirement established by the Secure 2.0 Act. by usoftax_admin | Jan 13, 2025 | Tax News
The Internal Revenue Service released proposed regulations Monday for a narrow set of corporate separation transactions, known as spinoffs, that the agency will approve as tax-free ahead of time, alongside guidance detailing multiyear reporting requirements for those... by usoftax_admin | Jan 13, 2025 | Tax News
PepsiCo operated a shell company as part of a scheme that resulted in its Illinois income tax bill for its Frito-Lay unit being deficient nearly $10.9 million, a state circuit court ruled. by usoftax_admin | Jan 13, 2025 | Tax News
A chief hearings officer for former Cook County Assessor Joseph Berrios’ office accepted bribes, including from a law firm’s tax consultant, when handling a property assessment appeal, a new lawsuit in Illinois federal court alleges.