by usoftax_admin | Dec 4, 2023 | Tax News
The heirs of a pharmaceutical business owe $5.4 million in taxes on interest stemming from a merger they rejected that squeezed them out of their shares in the company’s stock, the U.S. Tax Court ruled Monday. by usoftax_admin | Dec 4, 2023 | Tax News
The head of the Internal Revenue Service’s criminal investigation arm said Monday that he aims to continue the growth of his division in the 2024 fiscal year by adding 500 new workers. by usoftax_admin | Dec 4, 2023 | Tax News
A Swiss bank will pay $123 million to the U.S. Department of the Treasury as part of an agreement to settle criminal charges that it helped U.S. taxpayers hide $5.6 billion in more than 1,600 secret bank accounts, the U.S. Department of Justice announced Monday. by usoftax_admin | Dec 4, 2023 | Tax News
A group of investors suing Chinese analytics startup Gridsum Holding Inc. has asked a New York federal judge to preliminarily approve a $4.5 million deal to settle claims that it made misrepresentations ahead of its initial public offering. by usoftax_admin | Dec 4, 2023 | Tax News
The Tenth Circuit said Monday that the IRS could proceed with summonses for an attorney’s bank accounts, saying they did not violate his free speech rights because they did not stem from the attorney’s online content promoting what the agency suspected was... by usoftax_admin | Dec 4, 2023 | Tax News
The audit and investigative efforts of the Treasury Inspector General for Tax Administration resulted in the recovery of nearly $7 billion from April through September, the agency wrote in a report published Monday.