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9th Circ. Upholds 14 Years For Ex-Deputy’s Tax, Fraud Crimes

by usoftax_admin | Oct 2, 2024 | Tax News

A former sheriff’s deputy who was ordered to pay $7.6 million in restitution and sentenced to 14 years in prison for tax crimes and wire fraud lost his bid to vacate his sentence Wednesday when the Ninth Circuit decided he wasn’t unfairly denied a new...

Colo. Says Taxpayer Group Can Skip Registration, Ending Suit

by usoftax_admin | Oct 2, 2024 | Tax News

A group backing lower taxes doesn’t need to register as a ballot issue advocacy committee, the Colorado Secretary of State’s office said in an advisory opinion, bringing an end to the group’s challenge to state reporting requirements for advocacy...

Philippines Enacts 12% VAT On Foreign Digital Services

by usoftax_admin | Oct 2, 2024 | Tax News

Google, Amazon and Netflix are among the companies expected to pay a 12% value-added tax on foreign digital service providers that was signed into law Wednesday by Philippines President Ferdinand Marcos Jr., according to government agencies.

The Trade And Tax Issues Behind US-Canada Digital Tax Clash

by usoftax_admin | Oct 2, 2024 | Tax News

The new Canadian digital services tax recently went into effect despite objections from the U.S., a controversy that represents an unusual mix of trade and tax policy, and many companies have been pondering how it will affect their e-commerce businesses, says Damon...

IRS Says European Energy Exchange Is A Qualified Exchange

by usoftax_admin | Oct 2, 2024 | Tax News

The European Energy Exchange is a qualified board or exchange for purposes of mark-to-market contracts under Internal Revenue Code Section 1256(g)(7)(C), the Internal Revenue Service said Wednesday. 

NY Broadens Client Rep Options For Tax Tribunal Disputes

by usoftax_admin | Oct 2, 2024 | Tax News

New York will now allow people who have matters before the state’s Tax Appeals Tribunal more leeway to choose who will represent them as part of a bill signed by Democratic Gov. Kathy Hochul.
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