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Family Should Face Charges In $81M Tax Scheme, US Says

by usoftax_admin | Apr 11, 2025 | Tax News

The U.S. government urged a New York federal court not to trim its complaint against the former shareholders of a family holding company accused of participating in an $81 million tax scheme, saying the family illegally avoided paying capital gains on its sale of the...

NFT Owner Admits To Dodging Tax On Crypto Art Sales

by usoftax_admin | Apr 11, 2025 | Tax News

A Pennsylvania man pled guilty to filing false tax returns and underreporting his income by $13.1 million after selling 97 nonfungible token artworks, federal prosecutors said Friday.

Court Affirms Nix Of £2M VAT Refund For Cars’ Data Devices

by usoftax_admin | Apr 11, 2025 | Tax News

The British Court of Appeal affirmed Friday that a company wasn’t entitled to recoup £2 million ($2.6 million) in value-added tax charged on the installation of event-data-recording devices in cars.

Colo. Sen. Panel OKs Sales Tax Search Improvement

by usoftax_admin | Apr 11, 2025 | Tax News

Online searches for Colorado sales and use tax license information would be made easier to use under legislation passed Friday by a state Senate committee.

Trump Tariffs Will Hurt US Worse Than EU, Bloc Official Says

by usoftax_admin | Apr 11, 2025 | Tax News

The wide-ranging tariffs imposed by President Donald Trump’s administration, including those that were recently paused for 90 days, will harm the U.S. worse than the European Union, the bloc’s economic commissioner said Friday.

Nursing Home Owner Gets 3 Years For $39M Tax Fraud

by usoftax_admin | Apr 11, 2025 | Tax News

A New Jersey federal judge sentenced a nursing home operator to three years in prison for a $39 million employment tax fraud scheme involving care centers he owned across the country, a term three times as long as what prosecutors had requested.
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