by usoftax_admin | Mar 27, 2025 | Tax News
A Los Angeles investor lost a bid in California federal court Thursday to recoup more than $500,000 in damages that, he said, stemmed from the IRS’ unlawful seizure of his assets to pay off a $7.2 million late-filing penalty. by usoftax_admin | Mar 27, 2025 | Tax News
Mississippi will phase down its flat individual income tax rate every year until reaching 3% in 2030 and eliminate the tax in the future depending on surplus revenues under a bill the governor signed Thursday. by usoftax_admin | Mar 27, 2025 | Tax News
Pharmaceutical giant Pfizer had no taxable profits in its largest market, the U.S., after booking all its income in jurisdictions including Puerto Rico, Singapore and Ireland, according to a Senate Finance Committee report prepared by panel Democrats that was released... by usoftax_admin | Mar 27, 2025 | Tax News
A former tax and real estate attorney ran a nationwide scheme that helped his customers avoid paying taxes on as much as $840 million in capital gains, the federal government told an Idaho federal court Thursday. by usoftax_admin | Mar 27, 2025 | Tax News
The Sundance Film Festival will relocate to Boulder, Colorado, its organizers announced Thursday, as a bill with a tax break to attract the event advanced to the full state Senate. by usoftax_admin | Mar 27, 2025 | Tax News
The U.S. is the third-worst country when it comes to fighting money laundering in real estate because of a lack of regulations, according to a report ranking the national markets of 24 countries.