An estate owes $4.9 million in tax liabilities for a couple’s scheme to artificially cancel out their capital gains, the federal government said in a complaint in Michigan federal court, arguing that the Son-of-Boss scheme constitutes fraud and its proceeds aren’t entitled to bankruptcy protection.
Estate Owes $4.9M For Son-Of-Boss Scheme, US Says
by usoftax_admin | Jun 28, 2024 | Tax News