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Judge OKs IRS To Review Bank Docs Of Exec In Bitcoin Probe

by usoftax_admin | Aug 12, 2024 | Tax News

The Internal Revenue Service can review the sequestered bank records of a cryptocurrency executive charged in a 2020 bitcoin fraud investigation, a Texas federal judge ruled, finding the agency had properly notified the executive and his company of summonses it had...

Transparency Act Snowball Fears A ‘Mirage,’ Treasury Says

by usoftax_admin | Aug 12, 2024 | Tax News

The U.S. Department of the Treasury is seeking to quell fears that the Corporate Transparency Act’s disclosure requirements could set the stage for more invasive government data collection in a brief asking a Michigan federal judge to uphold the law as...

IRS Extends Tax Deadlines For Minn. Storm Victims

by usoftax_admin | Aug 12, 2024 | Tax News

Minnesota taxpayers affected by severe storms and flooding have until February to file tax returns and make payments, the Internal Revenue Service said Monday.

2 Experts OK’d For Dutch Tax Agency In $2.1B Fraud Case

by usoftax_admin | Aug 12, 2024 | Tax News

Two experts will be allowed to testify in support of a suit by Denmark’s tax agency accusing U.S. pension plans of participating in a $2.1 billion tax refund fraud scheme, a New York federal district court said, overruling the pension plans’...

‘Survivor’ Winner Is True Owner In Property Dispute, US Says

by usoftax_admin | Aug 12, 2024 | Tax News

The winner of the first “Survivor” television season is the true owner of disputed property that should be sold to pay down his $3.3 million in tax liabilities, the government told a Rhode Island federal court, rejecting claims that his sister is the...
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