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NJ Employer Admits To Evading $3.5M In Payroll Taxes

by usoftax_admin | Nov 6, 2024 | Tax News

A New Jersey owner of a shipping and logistics company pled guilty to having a role in a $3.5 million payroll tax evasion scheme, New Jersey federal prosecutors said.

Tax Court To Rethink $1.9M Deduction Denial Post-Chevron

by usoftax_admin | Nov 6, 2024 | Tax News

The U.S. Tax Court agreed to reconsider its denial of a $1.9 million tax break for farming sought by a Texas couple, saying it will examine whether a subsequent U.S. Supreme Court ruling overturning long-standing deference to federal agencies invalidates regulations...

9th Circ. Won’t Revisit IRS’ Rejection Of Compromise

by usoftax_admin | Nov 6, 2024 | Tax News

The Ninth Circuit said it won’t reconsider its August decision that a man who owed $50 million in taxes and offered to settle part of his debt was correctly denied a compromise by the Internal Revenue Service.

Portuguese investment income assessment rules on partial redemptions of unit-linked products

by usoftax_admin | Nov 6, 2024 | Tax News

Joana Sequeira and Nadine Gomes of Vieira de Almeida & Associados explain recent developments in the Portuguese tax authorities’ stance on investment income assessment for partial redemptions of life insurance products

This month in indirect tax: EU finalises ViDA proposal

by usoftax_admin | Nov 6, 2024 | Tax News

Slovakia increases VAT rate, Chile goes big on VAT reform and more

Trump Victory Boosts GOP Push To Extend 2017 Tax Law

by usoftax_admin | Nov 6, 2024 | Tax News

Former President Donald Trump’s projected reelection early Wednesday gave GOP lawmakers a strong boost in their efforts to renew major parts of the 2017 tax law that will expire next year, further dimming Democrats’ hopes of promoting tax fairness by...
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