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Jury Convicts Professor Of Hiding Foreign Bank Accounts

by usoftax_admin | Oct 7, 2024 | Tax News

An 86-year-old former college professor faces more than $500,000 plus interest in penalties after a jury found that he had deliberately failed to report his foreign bank accounts in Switzerland and Turkey, according to documents filed in a California federal...

Mont. Tax Revenue Through Sept. Up $4M From Last Year

by usoftax_admin | Oct 7, 2024 | Tax News

Montana’s general fund revenue from July through September climbed $4 million higher than the total for that period last year, according to a monthly report by the state Department of Revenue.

Treasury Proposes Exempting Tribal Cos. From Income Tax

by usoftax_admin | Oct 7, 2024 | Tax News

Tribal-owned businesses would not be subject to federal income tax under proposed regulations released Monday by the U.S. Department of the Treasury, a move that would also allow such entities to be eligible to receive direct cash payments in lieu of clean energy tax...

Henderson Franklin Adds Tax Pro To Florida Offices

by usoftax_admin | Oct 7, 2024 | Tax News

A tax attorney who formerly practiced at Stradling Yocca Carlson & Rauth PC has joined Henderson Franklin Starnes & Holt PA’s business and tax planning department and will work from the firm’s Florida offices in Fort Myers and Naples.

Man Who Faced Espionage Case Gets Probation For Taxes

by usoftax_admin | Oct 7, 2024 | Tax News

A Chinese engineer initially accused of illegally exporting documents on military aircraft to China was given probation and fined for failing to report about $1.4 million in business income by a Texas federal court after the government dropped its export...

11th Circ. Balks At Ex-Braves’ $47M Easement Case

by usoftax_admin | Oct 7, 2024 | Tax News

Former Atlanta Braves players John Smoltz and Ryan Klesko, challenging a U.S. Tax Court ruling that slashed the value of a conservation easement deduction by 90%, won’t have their appeal heard by the Eleventh Circuit after the court said Monday the duo had...
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