by usoftax_admin | Dec 19, 2024 | Tax News
To better enforce the law against hiring immigrants unauthorized to work in the U.S., Congress should enact a punitive excise tax on compensation paid to such immigrants and amend the False Claims Act to allow qui tam actions against employers for failure to pay such... by usoftax_admin | Dec 19, 2024 | Tax News
Owners of an electronic parts company whose reprieve from a $345,000 tax penalty was revoked by the U.S. Tax Court in light of an Eleventh Circuit ruling have asked the appeals court to reconsider its stance and to determine that Tax Court judges have unconstitutional... by usoftax_admin | Dec 19, 2024 | Tax News
An attorney convicted of tax evasion in connection with more than $1 million in renovations he and his wife made to a historic home in Virginia owes civil fraud penalties and roughly $100,000 in taxes, the U.S. Tax Court ruled Thursday. by usoftax_admin | Dec 19, 2024 | Tax News
The Internal Revenue Service will raise the standard mileage rate for business vehicles to 70 cents per mile in 2025, the agency said Thursday. by usoftax_admin | Dec 19, 2024 | Tax News
A Ninth Circuit majority affirmed on Thursday an Internal Revenue Service determination denying tax deductions for facility upgrades claimed by two tomato paste producers, with a dissenting judge criticizing the agency’s reversal in rejecting the upgrade... by usoftax_admin | Dec 19, 2024 | Tax News
A New York federal court removed an attorney from a $2.1 billion tax fraud suit after Denmark’s tax authority settled with him on his involvement in the matter, according to recent filings.