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Indonesian roundup: revocation of several import restrictions among latest revisions

by usoftax_admin | May 10, 2024 | Tax News

Benjamin P Simatupang, Dwipa Abimanyu Dewantara, and Fajar Ramadhani of GNV Consulting highlight updated regulations and mandatory implementation of the Customs-Excise Information System and Automation 4.0 as Indonesia rings the changes

IRS Schedules 7 Taxpayer Advisory Panel Meetings For June

by usoftax_admin | May 10, 2024 | Tax News

The Internal Revenue Service announced Friday the schedule for seven Taxpayer Advocacy Panel committee meetings in June.

This week in tax: Aussie task force receives crypto tax training

by usoftax_admin | May 10, 2024 | Tax News

The training comes at a ‘critical time’ in the fight against tax criminals; in other news, Spanish prosecutors have dropped a tax fraud case against Shakira

‘Lobster Broker’ Biz Owner Liable For Dividends Deficiency

by usoftax_admin | May 9, 2024 | Tax News

A Florida man who owned 50% of the stock of a “lobster broker business” is on the hook for a federal income tax deficiency related to nearly $193,000 in dividends from the business, the U.S. Tax Court said Thursday, but the man isn’t liable for an...

Biz Owner Admits Hiding $3.4M In Income To Dodge Taxes

by usoftax_admin | May 9, 2024 | Tax News

A San Francisco Bay Area man has pled guilty to tax evasion in California federal court, admitting he dodged some of the income tax he owed over a four-year period by concealing more than $3.4 million he earned from his businesses.

HSA inflation-adjusted maximum contribution amounts for 2025 announced

by usoftax_admin | May 9, 2024 | Tax News

After steep increases for 2024, the HSA maximum contribution amounts allowed by the IRS still increase for 2025, but not by as much, as the rate of inflation slowed.
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