The federal government agreed to stop challenging a U.S. Tax Court decision that found a businessman didn’t owe fraud penalties even though he improperly took a multimillion-dollar bad debt deduction for loans he made to his companies, according to a Ninth Circuit filing.
US Drops 9th Circ. Bid To Revive Bad Debt Fraud Penalties
by usoftax_admin | Dec 4, 2024 | Tax News