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NC Software Execs Can’t Unravel Payroll Tax Fraud Conviction

by usoftax_admin | Aug 6, 2024 | Tax News

Two former software executives found guilty of failing to pay over $600,000 in employment taxes failed to clear a steep hurdle in trying to reverse their convictions, a North Carolina federal judge said in rejecting their bid for acquittal or a new trial.

BOI requirements roll along despite concerns about too little outreach

by usoftax_admin | Aug 6, 2024 | Tax News

FinCEN, which oversees beneficial ownership information reports, has received just 2.7 million of the 32.6 million reports that it expects. Through June, FinCEN said, it has reached more than 90,000 stakeholders.

Ex-UBS Exec Calls $4.7M In FBAR Penalties Unconstitutional

by usoftax_admin | Aug 6, 2024 | Tax News

A former executive for Swiss bank UBS’ North American group told a Connecticut federal court the $4.7 million in penalties he faces for willful failure to report his foreign bank accounts are unconstitutionally excessive.

Partnership Asks Tax Court To Toss $13M Credit Reduction

by usoftax_admin | Aug 6, 2024 | Tax News

An Idaho partnership asked the U.S. Tax Court to throw out an Internal Revenue Service adjustment that reduced the value of an energy investment tax credit by $13 million, saying it never claimed the credit in the first place.

Arnold & Porter Adds Abramson Cancer Center Chief Counsel

by usoftax_admin | Aug 6, 2024 | Tax News

Throughout her career and while working in progressive leadership roles for the Abramson Cancer Center at the University of Pennsylvania, Mir Masud-Elias, Arnold & Porter Kaye Scholer LLP’s newest counsel, has asked herself the same question: is this role...

A Guide To Long-Term, Part-Time Employee Determinations

by usoftax_admin | Aug 6, 2024 | Tax News

With final regulations under the Secure Act requiring 401(k) retirement benefits for long-term, part-time employees expected soon, Amy Sheridan and David Guadagnoli at Sullivan & Worcester look at how the proposed rules would shift the risk-reward calculus on...
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