by usoftax_admin | Sep 3, 2024 | Tax News
A former defense contractor who, with his wife, is facing a 30-count indictment alleging they were involved in a decades-long scheme to defraud the U.S. government and avoid taxes on more than $350 million in income was arrested Tuesday. by usoftax_admin | Sep 3, 2024 | Tax News
The bankruptcy court is not authorized to use the pro rata method to allocate proceeds between the IRS and an estate with a tax lien for unpaid taxes and penalties, the Ninth Circuit ruled Tuesday, saying there is nothing in bankruptcy law that explicitly allows this... by usoftax_admin | Sep 3, 2024 | Tax News
Tax experts urged the U.S. Supreme Court to review a Ninth Circuit decision that found late-filed returns prevented a taxpayer from discharging his federal tax debt in bankruptcy, saying the case reflects a decades-long debate that has split the circuits three... by usoftax_admin | Sep 3, 2024 | Tax News
The European Union should clarify how multinational corporations headquartered outside the bloc need to format tax data they report under new public disclosure rules, global accounting firms said. by usoftax_admin | Sep 3, 2024 | Tax News
The Florida Department of Revenue asked a state court to toss JetBlue’s claims that a law that defines what counts as miles flown inside Florida for tax purposes unconstitutionally encompasses territory outside the state, saying apportionment parameters... by usoftax_admin | Sep 3, 2024 | Tax News
The owner of a commercial property in Indiana can’t lower its assessed value by arguing that the income generated at the property warranted a reduction, according to a state Board of Tax Review decision published Tuesday.