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Former Mich. Speaker, Wife Arraigned On Embezzling Charges

by usoftax_admin | May 2, 2024 | Tax News

A former speaker of the Michigan House of Representatives and his wife pled not guilty on Thursday to multiple financial crimes and received the judge’s blessing to travel out of state to attend the Kentucky Derby, in their first court appearance since the...

Don’t Use The Same Template For Every Client Alert

by usoftax_admin | May 2, 2024 | Tax News

As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit the audience and subject matter, says Jessica Kaplan at...

Ex-Autonomy VP Says CEO Lynch Told Him To Lie To Investors

by usoftax_admin | May 2, 2024 | Tax News

A former Autonomy business development executive testified Tuesday that CEO Mike Lynch directed him to lie to a hedge fund investor about prepaid royalty deals that boosted the company’s upfront revenue numbers, saying at Lynch’s criminal fraud trial that...

T-Mobile Gets Tax Reimbursement Suit Tossed For Good

by usoftax_admin | May 1, 2024 | Tax News

T-Mobile has convinced a New Jersey federal court to toss for good a suit brought by a middleman seeking to collect tax reimbursements the mobile behemoth had supposedly promised a landlord after it didn’t fix the deficiencies in its suit the third go...

Senate Dems Reintroduce Bill To Tax And Regulate Cannabis

by usoftax_admin | May 1, 2024 | Tax News

Senate Democrats on Wednesday reintroduced a cannabis legalization bill that would remove the drug entirely from the ambit of the Controlled Substances Act and impose a tax-and-regulate scheme akin to what is currently in place for alcohol and tobacco.

IRS Updates PLR Procedure For Stock Spin-Off Transactions

by usoftax_admin | May 1, 2024 | Tax News

The Internal Revenue Service issued updated procedures Wednesday for requesting private letter rulings pertaining to spin-off transactions, including what representations and analysis must accompany the requests.
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