by usoftax_admin | Apr 23, 2024 | Tax News
The former chief financial officer at a community bank in Los Angeles should spend nearly three years in prison after admitting he embezzled more than $700,000 and used employee identities in a life insurance scheme, the government told a California federal... by usoftax_admin | Apr 23, 2024 | Tax News
Clients of a New York City-based tax preparer who earned the nickname “the magician,” allegedly making $15 million while fraudulently depriving the IRS of $100 million, may also face charges, a prosecutor told the federal judge in charge of the case on... by usoftax_admin | Apr 23, 2024 | Tax News
The Internal Revenue Service has begun accepting applications from Low Income Taxpayer Clinics for matching funds in 2025, the agency announced Tuesday. by usoftax_admin | Apr 23, 2024 | Tax News
The U.S. Department of Labor issued final regulations Tuesday broadening who qualifies as a fiduciary under the Employee Retirement Income Security Act, backing off some changes included in a proposal the agency released in October. by usoftax_admin | Apr 23, 2024 | Tax News
Pennsylvania’s sales tax applies to purchases of sparkling water because the water is considered a soft drink that is subject to tax, a state court affirmed. by usoftax_admin | Apr 23, 2024 | Tax News
Kentucky will exempt electric vehicle charging stations with a charging capacity of less than 20 kilowatts from the state’s excise tax on electric vehicle power under a bill signed by the governor.