by usoftax_admin | Apr 8, 2024 | Tax News
Virginia would have neither tax cuts nor tax increases in the next biennial budget under an updated plan released Monday by Gov. Glenn Youngkin, who said he knew he must compromise with the Democratic-run General Assembly. by usoftax_admin | Apr 8, 2024 | Tax News
The U.S. Tax Court on Monday mostly upheld $11 million in foreign reporting penalties against a man who admitted he hid money overseas, but the court declined to overturn its ruling that the IRS lacks authority to assess certain foreign reporting penalties. by usoftax_admin | Apr 8, 2024 | Tax News
Vermont would create a top income tax rate of 11.75% under a bill passed by the state House of Representatives and sent to the state Senate. by usoftax_admin | Apr 8, 2024 | Tax News
A Florida man found to owe more than $9 million in taxes is liable to pay accuracy-related penalties, the U.S. Tax Court ruled Monday, after the Eleventh Circuit reversed a previous decision shielding him from the fines. by usoftax_admin | Apr 8, 2024 | Tax News
In a letter to the Treasury secretary and the FinCEN director, the AICPA called for enforcement of beneficial ownership information reporting regulations to be suspended until after lawsuits are settled. by usoftax_admin | Apr 8, 2024 | Tax News
The U.S. Department of the Treasury should delay enforcement of beneficial ownership information reporting requirements while courts hear cases challenging the Corporate Transparency Act, the American Institute of Certified Public Accountants and 54 state CPA...