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‘Survivor’ Winner Needs To Pay $3.3M Tax Bill, Judge Advises

by usoftax_admin | Nov 19, 2024 | Tax News

The winner of the “Survivor” television series who evaded taxes on his $1 million in prize money and served time in prison should pay $3.3 million of his civil liabilities, including fraud penalties, a federal magistrate judge said.

Ohio Board OKs Income Approach In Two Theater Valuations

by usoftax_admin | Nov 19, 2024 | Tax News

Two Ohio movie theaters should be valued using the income approach to valuation applied by a county appraiser, the state tax board said in separate rulings involving two counties.

NJ Senate Bill Floats Tax Credits For AI Apprenticeships

by usoftax_admin | Nov 19, 2024 | Tax News

New Jersey would provide individual and corporation income tax credits to employers that offer apprenticeships in the artificial intelligence industry under a bill introduced in the state Senate.

Ind. Revenue Through Oct. Falls $243M Short Of Forecast

by usoftax_admin | Nov 19, 2024 | Tax News

Indiana general revenue collection from July through October underperformed an estimate by $243 million, according to the state Budget Agency.

G20 To Cooperate On Soft Law For Taxing Ultra-Wealthy

by usoftax_admin | Nov 19, 2024 | Tax News

Leaders of the world’s largest economies intend to cooperate on taxing “ultra-high-net-worth individuals” through soft law approaches such as exchanging best practices and creating model policies that address tax avoidance, according to a Group of 20...

Payments To Ex-Wife Clearly Tax-Deductible, 11th Circ. Told

by usoftax_admin | Nov 19, 2024 | Tax News

A Georgia man claiming payments he must make to his ex-wife as part of a marital settlement are alimony and therefore tax-deductible reaffirmed his argument to the Eleventh Circuit, saying the court can clearly answer two questions in his favor.
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