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5th Circ. Upholds Tax Convictions In Education Credit Scheme

by usoftax_admin | Apr 1, 2025 | Tax News

The Fifth Circuit upheld the convictions of three men for preparing tax returns that claimed false education credits worth millions of dollars, saying federal prosecutors were not being unfair when they presented a jury with details of previous tax fraud.

House Sends Disaster Tax Relief, Other Tax Bills To Senate

by usoftax_admin | Apr 1, 2025 | Tax News

The U.S. House wrapped up two days of work on bipartisan tax relief measures Tuesday, clearing the last of six bills to allow taxpayers affected by natural disasters to qualify for extended deadlines for refund claims and collection notices.

NJ Lawmakers Balk At Gov.’s Proposed Tax Hikes

by usoftax_admin | Apr 1, 2025 | Tax News

Many members of the New Jersey Senate’s budget committee sought to distance themselves Tuesday from some tax increases proposed in Democratic Gov. Phil Murphy’s budget, saying there is little appetite for the hikes. 

Gov’ts Ready Concessions, Reprisals Ahead Of US Tariff Wave

by usoftax_admin | Apr 1, 2025 | Tax News

The likely targets of the reciprocal tariff policy President Donald Trump is set to debut Wednesday have been making concessions, vowing reprisals and pursuing closer ties with each other while many have adopted a wait-and-see approach. Here, Law360 looks at how...

How The CRE Industry Is Adapting To Tariff Uncertainty

by usoftax_admin | Apr 1, 2025 | Tax News

Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva...

Ohio Justices Won’t Hear 3rd-Party Property Tax Appeal Case

by usoftax_admin | Apr 1, 2025 | Tax News

The Ohio Supreme Court declined Tuesday to hear a challenge to the constitutionality of third-party property tax appeal restrictions, leaving in place an appellate court’s dismissal of the matter.
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