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Tax Fraud Case Skewed By Prosecutors’ Spin, NC Jury Told

by usoftax_admin | Apr 24, 2024 | Tax News

Prosecutors and defense attorneys in a tax fraud trial against two lawyers and an insurance agent traded final barbs Wednesday in a North Carolina courtroom before sending the jury to deliberate, with the defendants again defending the tax plan at the center of the...

Calif. Digital Ad Tax Bill Passes Privacy Committee

by usoftax_admin | Apr 24, 2024 | Tax News

California would establish a Maryland-style digital advertising tax under an amendment to a bill in the state’s Assembly that passed out of a committee.

EU Court Won’t Disturb Spanish Tax Break Rulings

by usoftax_admin | Apr 24, 2024 | Tax News

A Spanish company on Wednesday lost its attempt to legitimize a tax scheme declared illegal by the European Commission when the European Union’s General Court rejected its appeal, refusing to disturb prior decisions in the long-running dispute.

House Lawmakers Warn Yellen On Donor Fund Rules

by usoftax_admin | Apr 24, 2024 | Tax News

More than 30 lawmakers in the U.S. House of Representatives told Treasury Secretary Janet Yellen that proposed regulations on donor-advised funds could hinder charitable giving, in a letter released Wednesday.

GOP Reps Seek IRS Nonprofit Info After China Reports

by usoftax_admin | Apr 24, 2024 | Tax News

House Ways and Means Republicans asked the Internal Revenue Service to provide information about how it monitors tax-exempt organizations for possible violations of their status after reports China may be funding and improperly influencing nonprofits, according to a...

Mass. Golf Course Manager Gets 13 Mos. For Tax Fraud

by usoftax_admin | Apr 24, 2024 | Tax News

A Massachusetts golf course manager was sentenced to 13 months in prison after pleading guilty to tax charges, following prosecutors’ accusations that he manipulated contracts with a home developer to deflate their value.
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