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Man Sentenced To 4 Years For Pandemic Loan, Tax Fraud

by usoftax_admin | Apr 29, 2025 | Tax News

A man who said he has struggled with substance use for most of his life was sentenced in Arizona federal court Monday to four years in prison for filing more than $7 million in false claims for tax refunds and making false pandemic aid applications.

Bessent Says EU Must Kill Digital Taxes For US Trade Deal

by usoftax_admin | Apr 29, 2025 | Tax News

The U.S. government wants European countries to repeal digital service taxes before the European Union moves forward with trade negotiations, U.S. Treasury Secretary Scott Bessent said Tuesday.

Trump Can’t Reorganize Gov’t Without Congress, Groups Say

by usoftax_admin | Apr 29, 2025 | Tax News

President Donald Trump lacks the power to reorganize the executive branch and push for mass terminations of workers when Congress hasn’t given its blessing, unions and other groups told a California federal court.

Tax Breaks For Offshore Production Could Thwart Tariffs’ Goal

by usoftax_admin | Apr 29, 2025 | Tax News

President Donald Trump has said that his wide-ranging tariffs will jump-start domestic industry and production, but an international tax policy created under the 2017 federal overhaul may undermine the goal of bringing manufacturing back to the U.S.

MTC Group Finalizing Work On Sourcing Partners’ Payments

by usoftax_admin | Apr 29, 2025 | Tax News

The Multistate Tax Commission group working on the state taxation of partnerships said Tuesday it is preparing for the final stages of one of its major fields of research, the state sourcing of partnership income.

Par Funding Accountant Cops To Helping Hide $20M From IRS

by usoftax_admin | Apr 29, 2025 | Tax News

A Colorado accountant pled guilty to abetting the former CEO of now-defunct small-business lending firm Par Funding in concealing over $20 million in income from the Internal Revenue Service, prosecutors announced.
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