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Gov’t Urged To Stem Abuse Of Carbon Capture Credits

by usoftax_admin | Aug 27, 2024 | Tax News

The federal government should take measures to stop the abuse of tax credits for carbon capture and storage, more than 100 environmental groups told the U.S. Treasury Department and the Environmental Protection Agency in a letter released Tuesday.

Whistleblowers Must Note 5 Key Differences Of DOJ Program

by usoftax_admin | Aug 27, 2024 | Tax News

The U.S. Department of Justice’s recently unveiled whistleblower awards program diverges in key ways from similar programs at other agencies, and individuals must weigh these differences and look first to programs with stronger, proven protections before blowing the...

Biz Owner Gets 22 Months For Keeping $2.5M In Payroll Tax

by usoftax_admin | Aug 27, 2024 | Tax News

A man who ran construction companies was sentenced to nearly two years in prison and ordered to pay about $2.5 million in restitution to the federal government after admitting he didn’t pay employment taxes, the U.S. Attorney’s Office for the Northern...

Ex-Trooper Asks To Delay Prison In OT Scam Amid Appeal

by usoftax_admin | Aug 27, 2024 | Tax News

A former Massachusetts state trooper asked to stay his five-year prison sentence for stealing overtime pay, lying on his taxes and cheating to get student aid for his son — a request prosecutors said was “yet another attempt to delay justice in this...

Maine Joining IRS’ Free E-File Program In 2025

by usoftax_admin | Aug 27, 2024 | Tax News

The Internal Revenue Service’s free electronic tax filing program, Direct File, will be available in Maine for the 2025 tax filing season, the IRS and U.S. Treasury Department announced Tuesday.

What NFL Draft Picks Have In Common With Lateral Law Hires

by usoftax_admin | Aug 27, 2024 | Tax News

Nearly half of law firm lateral hires leave within a few years — a failure rate that is strikingly similar to the performance of NFL quarterbacks drafted in the first round — in part because evaluators focus too heavily on quantifiable metrics and not enough on a...
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