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Moving Co. Execs Found Guilty In $7.7M Payroll Tax Scheme

by usoftax_admin | Apr 16, 2024 | Tax News

The former president of a moving company and its head bookkeeper conspired to evade more than $7.7 million in federal payroll taxes, a New York federal jury has found.

Work-Life Referral Services Don’t Count As Income, IRS Says

by usoftax_admin | Apr 16, 2024 | Tax News

Work-life referral services, which employers provide to help employees with personal, family or work challenges, shouldn’t be included in workers’ gross income, the Internal Revenue Service said Tuesday.

Applicable Federal Interest Rates To Rise In May

by usoftax_admin | Apr 16, 2024 | Tax News

Applicable federal rates for income tax purposes will rise in May, the Internal Revenue Service said Tuesday.

PwC denies ‘false allegations’ in letter criticising its Evergrande auditing

by usoftax_admin | Apr 16, 2024 | Tax News

The ‘big four’ firm has threatened to legally pursue those behind the letter, which has been circulating on social media

Tax Attys, Broker Peddled ‘Financial Fantasy,’ NC Jury Told

by usoftax_admin | Apr 15, 2024 | Tax News

A North Carolina federal jury on Monday heard a series of secret recordings at the start of a tax fraud trial in which an insurance agent and a St. Louis attorney unwittingly pitched an undercover IRS agent on a way to decrease taxable income — or what the government...

IRS grants limited waiver for underpayment of estimated corporate AMT

by usoftax_admin | Apr 15, 2024 | Tax News

In light of the continuing challenges taxpayers are facing with the corporate alternative minimum tax, the IRS granted a waiver of the addition to tax for failure to pay estimated corporate AMT “in the interest of sound tax administration.”
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