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Mich. Man Must Face Loan, Wire Fraud Charges Despite Mistrial

by usoftax_admin | Aug 20, 2024 | Tax News

A Michigan business owner already accused of COVID-19 loan fraud cannot have a superseding wire fraud charge tossed even though a mistrial was declared in the loan fraud case, a Michigan federal judge has ruled.

UN Dives Into Murky Waters Of Taxing Digital Services

by usoftax_admin | Aug 20, 2024 | Tax News

The United Nations has its sights set on cross-border services in the digital economy as its framework convention on tax takes shape, but it remains unclear how countries will define that broad and hotly contested topic as they work toward a treaty.

IRS Fee Hikes Threaten Tax Justice For Small Businesses

by usoftax_admin | Aug 20, 2024 | Tax News

The Internal Revenue Service is expected to continue raising the cost for private letter rulings that clarify tax matters and provide taxpayer certainty, prompting concerns among tax professionals that economic justice may become unattainable for small businesses...

Neb. Lawmakers OK Property Tax Relief In Special Session

by usoftax_admin | Aug 20, 2024 | Tax News

The Nebraska Legislature approved emergency legislation Tuesday to provide $750 million annually in property tax relief and limit local tax hikes, rejecting amendments to help pay for the measure by eliminating numerous sales tax exemptions.

Ohio Justices Nix Local Appeal Of Pipeline’s $950M Tax Value

by usoftax_admin | Aug 20, 2024 | Tax News

An Ohio county auditor cannot appeal a settlement agreement between the state tax agency and an energy company over the $950 million value of a gas pipeline transmission system, the state’s highest court ruled Tuesday, upholding the state Board of Tax...

Insider Trading Won’t Impact Pilot’s Tax Sentencing Guidelines

by usoftax_admin | Aug 20, 2024 | Tax News

A Manhattan federal judge found Tuesday that insider trading allegations won’t bump up the guidelines sentencing range for a pilot for U.K. billionaire Joe Lewis who pled guilty to tax evasion.
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