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Feds’ Madigan Theory ‘Doesn’t Line Up,’ His Atty Tells Jury

by usoftax_admin | Jan 24, 2025 | Tax News

Counsel for former Illinois House Speaker Michael Madigan told an Illinois federal jury Friday that prosecutors attempting to convict him of racketeering have painted an “incomplete and misleading” picture of a crooked politician at trial, but have failed...

Gov’t Says Ukrainian Duo Should Get 15 Years For $25M Fraud

by usoftax_admin | Jan 24, 2025 | Tax News

Prosecutors have asked a Florida federal court to sentence two Ukrainian men to 15½ years in prison after they pled guilty to laundering money from a hotel staffing scheme that the U.S. government said cost it $25 million in taxes.

Ohio Board Denies Tax Break For Property Leased To Shelter

by usoftax_admin | Jan 24, 2025 | Tax News

An Ohio property that is leased to an organization that provides services for homeless children isn’t entitled to a charitable tax exemption because the property owner’s primary activity is renting the property at market rates, the state Board of Tax...

Mich. Panel Denies Man’s Bid To Switch Residence Tax Break

by usoftax_admin | Jan 24, 2025 | Tax News

The Michigan Court of Appeals rejected a resident’s attempt to switch a principal residence exemption from one home tied to his driver’s license and voter registration address to a different house, saying he didn’t prove that he moved to the other...

Tech Co. Founder Gets 2.5 Years In $14M Payroll Tax Case

by usoftax_admin | Jan 24, 2025 | Tax News

A New Hampshire federal judge sentenced the founder of a technology startup to two and a half years in prison for failing to pay more than $14 million in employment and personal taxes, granting a request from prosecutors who said incarceration was the only meaningful...
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