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Mo. Counties Ask Appeals Court To Rethink Quash Of Pot Tax

by usoftax_admin | Nov 27, 2024 | Tax News

Two Missouri counties asked a state appeals court to reconsider its ruling that barred counties from levying cannabis taxes on sales inside municipalities or to transfer the case to the state Supreme Court, arguing the decision misinterpreted the taxing powers that...

Deloitte – Latin America regional indirect tax leader interview

by usoftax_admin | Nov 27, 2024 | Tax News

Cecilia Margarita Montaño Hernández, partner, indirect tax, Deloitte S-LATAM

US Seeks FBAR Penalties Over $1.7M In Foreign Accounts

by usoftax_admin | Nov 27, 2024 | Tax News

A Texas woman should face penalties for willfully failing to disclose foreign bank accounts from 2011 through 2013, which held balances exceeding $1.7 million, the U.S. government told a federal court Wednesday.

Attys, Insurance Broker Seek Appeal In $22M Tax Scheme

by usoftax_admin | Nov 27, 2024 | Tax News

Two attorneys and an insurance agent plan to appeal to the Fourth Circuit their convictions in a criminal case that accused them of participating in a $22 million tax avoidance scheme, according to Wednesday filings in North Carolina federal court.

Ex-FBI Informant In Biden Case Wants Tax Charges Separate

by usoftax_admin | Nov 27, 2024 | Tax News

A former FBI informant accused of making fake criminal accusations against President Joe Biden and his son, Hunter Biden, told a California federal court that new tax evasion charges against him should remain separate because the two cases are unrelated.

GOP Threats To IRS Funds Risk Halting Agency Progress

by usoftax_admin | Nov 27, 2024 | Tax News

Republicans will likely seek to cut IRS funding when they take control of the House, Senate and White House next year, threatening to roll back the gains in staffing, enforcement and technology the agency has made since it received a funding boost in 2022. 
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