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Doctor Allowed To Withdraw NBA Fraud Plea, Gets June Trial

by usoftax_admin | Mar 28, 2024 | Tax News

A Manhattan federal judge will allow a Seattle-area doctor to pull back his guilty plea and go to trial in June, against prosecutors’ objections, in a case alleging he assisted a cohort of retired NBA players to create fake invoices to submit to the...

2nd Circ. Urged To Uphold Dual Citizen’s FBAR Penalties

by usoftax_admin | Mar 28, 2024 | Tax News

A New York federal court correctly upheld tax penalties against a dual French citizen for hiding millions of dollars in six foreign accounts, the U.S. government told the Second Circuit, urging it to reject the woman’s claims that American authorities violated...

IRS Floats Expanding Tax Info Disclosures To Census Bureau

by usoftax_admin | Mar 28, 2024 | Tax News

The Internal Revenue Service proposed rules Thursday that would expand what tax return information can be disclosed to the U.S. Census Bureau.

Miss. Senate Passes E-Cigarette Excise Tax

by usoftax_admin | Mar 28, 2024 | Tax News

Mississippi would levy an excise tax on single-use electronic cigarettes as part of a bill passed unanimously by the state Senate.

Local experts debate Brazil ‘backtracking’ on payroll tax relief

by usoftax_admin | Mar 28, 2024 | Tax News

Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR

IRS Investigated $9B In Potential COVID Aid Fraud

by usoftax_admin | Mar 28, 2024 | Tax News

The criminal investigation arm of the Internal Revenue Service investigated nearly $9 billion in potential fraud cases related to coronavirus relief funds, the agency said Thursday.
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