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Advisers bemoan Brazil’s TP rules shakeup

by usoftax_admin | Sep 12, 2024 | Tax News

The lack of provision for bilateral advance pricing agreements is a notable omission from proposed reforms of Brazil’s transfer pricing rules

Philly Loan Biz Brothers Admit To $100M Investment Scam

by usoftax_admin | Sep 11, 2024 | Tax News

The two brothers helming Philadelphia’s Par Funding cash advance company admitted to reaping $100 million through an investment fraud scheme that could land them each over a decade in prison, Philadelphia’s top federal prosecutor announced.

Top DC Real Estate News From Summer 2024

by usoftax_admin | Sep 11, 2024 | Tax News

Catch up on the hottest real estate news out of Washington, D.C., this summer, including shifting office footprints and building conversion incentives.

Tax Court Affirms Sushi Restaurant Owner’s Labor Deductions

by usoftax_admin | Sep 11, 2024 | Tax News

The U.S. Tax Court ruled Wednesday that the owner of an Alabama sushi restaurant was entitled to deduct nearly $292,000 in contract labor expenses for 2015 and 2016.

House Tax Panel OKs Repeal Of $600 Reporting Threshold

by usoftax_admin | Sep 11, 2024 | Tax News

The House Ways and Means Committee advanced several bills Wednesday, including one that would repeal a law requiring peer-to-peer payment platforms such as Venmo and PayPal to report aggregate payments of $600 or more.

Mass. Jury Weighs Raft Of Fraud Charges Against Ex-Pol

by usoftax_admin | Sep 11, 2024 | Tax News

A Boston federal jury resumed deliberations Wednesday in a criminal case alleging a former Massachusetts state senator lied on his taxes and an application for pandemic unemployment aid, after the ex-politico testified in his own defense.
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