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‘Real Housewives’ Figure Pleads Guilty To $2.5M Tax Offense

by usoftax_admin | Jul 3, 2024 | Tax News

A former cast member of a “Real Housewives” TV series and owner of several restaurants and nightclubs in multiple states admitted in a North Carolina federal court to failing to pay over $2.5 million in employment taxes, the U.S. Department of Justice...

IRS Warns Of Scam Tied To Clean Energy Tax Credit Sales

by usoftax_admin | Jul 3, 2024 | Tax News

Individuals should be wary of a scam in which tax return preparers improperly steer them to claim purchased clean energy tax credits to offset income tax from wages, retirement account withdrawals and other sources, the Internal Revenue Service warned Wednesday.

Fox Rothschild Hires Pryor Cashman Nonprofit Leads

by usoftax_admin | Jul 3, 2024 | Tax News

Fox Rothschild LLP announced Wednesday the hiring of two Pryor Cashman LLP partners for its corporate department in New York.

A Tale Of 2 Trump Cases: The Rule Of Law Is A Live Issue

by usoftax_admin | Jul 3, 2024 | Tax News

The U.S. Supreme Court’s decision this week in Trump v. U.S., holding that former President Donald Trump has broad immunity from prosecution, undercuts the rule of law, while the former president’s New York hush money conviction vindicates it in eight key ways, says...

IRS Reveals Final Regs For Medicare Drug Negotiation Tax

by usoftax_admin | Jul 3, 2024 | Tax News

The Internal Revenue Service finalized regulations Wednesday that govern the quarterly reporting of a new excise tax that pharmaceutical companies, suppliers and importers must pay when they do not negotiate with Medicare over drug prices.

‘Difficult road ahead’ for pillar one: EY tax policy leader

by usoftax_admin | Jul 3, 2024 | Tax News

Pillar one presents a bigger challenge technically and politically than pillar two, Barbara Angus argues
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