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Mississippi Tax Preparers Sentenced to Prison for False Tax Return Conspiracy

CPA Practice

A group of Mississippi tax return preparers were sentenced to prison on February 22, 2024, for charges related to a conspiracy to prepare and file false tax returns for clients in Jackson, Mississippi. Each was also ordered by U.S. District Court Judge Daniel P. million in tax loss to the IRS.

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What’s new: state sales and use taxes

TaxConnex

In this case, the “true object” of the transaction is the education or training. Mississippi has green lighted its Taxation of Remote and Internet-based Computer Software Products and Services Study Committee, which will examine taxation of remote and internet-based computer software products and services in the state.

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Inspector General’s Office Reviewing Labor Department’s Efforts to Stop Child Labor Law Violations

ThomsonReuters

Federal child labor laws are designed to protect the educational opportunities of minors and prohibit their employment in jobs and under conditions detrimental to their health or well-being. The FLSA and the youth employment regulations establish both hours and occupational standards for youth.

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Some States Are Considering Shelving the Grocery Tax

CPA Practice

The new law leaves in place a 1% local grocery tax, with revenues going to local counties or school districts, that is largely used for education. Boysko favors leaving the local tax in place to protect education spending. Mississippi Lt. The problem is, it’s not easy to replace it,” Kaiser said in an interview.

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Accounting Students from University of Nebraska Win 2024 Deloite FanTAXtic Competition

CPA Practice

Sponsored by Deloitte Tax and supported by the Deloitte Foundation, FanTAXtic has engaged more than 6,800 students since inception in 2002 and is designed to educate and prepare the next generation of tax talent for a career in business and tax.

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State-by-State Guide to Back-to-School Sales Tax Holidays

CPA Practice

Mississippi Tax-Free Weekend Dates of Tax Holiday: July 28 through July 29 State Sales Tax Rate: 7% Average Combined Sales Tax Rate: 7.07% The Mississippi sales tax holiday exempts eligible items from sales tax. Electronics do not qualify for the Mississippi back-to-school sales tax holiday, but the following items do.

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Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

And another one in Mississippi : A group of Mississippi tax return preparers were sentenced to prison yesterday for charges related to a conspiracy to prepare and file false tax returns for clients in Jackson, Mississippi. Over the years, they prepared thousands of fraudulent returns, causing over $3.5

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