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IRS releases updated draft of Form 1099-DA for digital assets

by usoftax_admin | Aug 13, 2024 | Tax News

The most recent draft of the form for reporting digital asset transactions reflects the final regulations for custodial broker reporting that the IRS released in June.

Accused Accounting Prof Is No Tax Expert, NJ Jury Told

by usoftax_admin | Aug 12, 2024 | Tax News

A New Jersey federal jury was urged Monday to keep one word at the front of their minds as they listen to the government present its case against an accounting professor accused of failing to report $3.3 million in income from a pharmacy he co-owned with his wife:...

FinCEN uses TV ad to tell businesses about BOI

by usoftax_admin | Aug 12, 2024 | Tax News

The PSA uses a chat between friends in a coffee shop to educate small businesses about beneficial ownership information reporting, which 32.6 million businesses must file.

Tax Court Tosses Deficiency Challenge Over Validity

by usoftax_admin | Aug 12, 2024 | Tax News

The U.S. Tax Court cannot rule on a man’s challenge to an Internal Revenue Service deficiency notice because the agency failed to show it correctly mailed the notice, rendering it invalid, and the case must be dismissed, the court said Monday. 

US Seeks To Omit Fair Split Of Tax Rights From UN Tax Pact

by usoftax_admin | Aug 12, 2024 | Tax News

The U.S. government proposed on Monday dropping the fair allocation of taxing rights as a principle to guide negotiators on the United Nations framework convention on international tax cooperation, saying that the agenda risks duplication, but the organization’s...

UN Eyes Two Early Changes For Tax Pact In Latest Draft

by usoftax_admin | Aug 12, 2024 | Tax News

Diplomats would draft two legally binding protocols under the United Nations framework convention on international tax cooperation while creating the convention itself under the latest draft guidance for negotiators after they select from a shortlist of possible...
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Sey Tax Group
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Ireland D02 P2N6

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