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NC Software Execs Ask To Raze Payroll Tax Fraud Conviction

by usoftax_admin | Mar 26, 2024 | Tax News

Two former software executives found guilty of failing to pay hundreds of thousands of dollars in employment taxes have sought to wipe out their conviction based on what they allege was insufficient evidence presented by the government at trial.

Producers Push IRS For Flexible Clean Hydrogen Credit Regs

by usoftax_admin | Mar 26, 2024 | Tax News

The IRS should adopt flexible metrics to measure greenhouse gas emissions in proposed rules for the clean hydrogen production tax credit to accommodate energy companies’ transition toward cleaner production methods, stakeholders said during a hearing on the...

9th Circ. Judges Skeptical Senior Care Facility Owes IRS $20M

by usoftax_admin | Mar 26, 2024 | Tax News

Ninth Circuit judges seemed skeptical of the Internal Revenue Service’s efforts to force a California-based senior care facility to pay a $20 million tax bill, saying the facility’s deferral of unamortized portions of resident fees didn’t run afoul...

Nev. Foreclosed Property To Be Sold To Pay Co.’s Tax Debt

by usoftax_admin | Mar 26, 2024 | Tax News

A Nevada federal court approved the sale of a foreclosed Las Vegas property in the federal government’s efforts to recoup nearly $943,000 in taxes owed by a security company.

IRS Fixes Typo In Contribution Rules

by usoftax_admin | Mar 26, 2024 | Tax News

The Internal Revenue Service issued a correction notice Tuesday fixing a typographical error within regulations about contributions to certain organizations.

Businessman Indicted Over Hiding Of $20M In Swiss Accounts

by usoftax_admin | Mar 26, 2024 | Tax News

A Brazilian-American businessman accused by the government in a criminal complaint of hiding $20 million from the Internal Revenue Service over 35 years by using Swiss bank accounts was indicted by a federal grand jury in Miami and charged with tax evasion, according...
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