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COVERAGE RECAP: Day 33 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Nov 21, 2023 | Tax News

Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Here’s a recap from day 33.

6th Circ. Says Court Overreached In IRS Benefit Guidance Suit

by usoftax_admin | Nov 20, 2023 | Tax News

A Michigan federal court erred when it vacated IRS guidance that required disclosure of certain potentially abusive employee benefit plans across the country, the Sixth Circuit ruled Monday, saying the agency’s refund of tax penalties to a construction company...

Trump Controller Says Mazars Knew All In Fraud Trial Defense

by usoftax_admin | Nov 20, 2023 | Tax News

Longtime Trump Organization Controller Jeffrey McConney returned to the stand Monday to defend against the New York attorney general’s civil fraud allegations, testifying that outside accounting firm Mazars LLP knew how the company was calculating former...

Firm Owes $59M For Role In Tax Fraud, Danish Top Court Says

by usoftax_admin | Nov 20, 2023 | Tax News

A Danish law firm is liable for 400 million Danish kroner ($58.7 million) in damages to Denmark’s tax authority because the firm is partially responsible for a German bank claiming fraudulent dividend tax reimbursements, Denmark’s top court ruled...

Counties Say Homeowner’s Seized Property Suit Must Go

by usoftax_admin | Nov 20, 2023 | Tax News

A group of Michigan counties exhorted a federal judge to toss a renewed lawsuit that alleges they seized tax-delinquent properties and illegally kept the profits, saying the property owner repeated claims that were already rejected.

Biz Groups Ask UK To Make Full Expensing Permanent

by usoftax_admin | Nov 20, 2023 | Tax News

The U.K. should make permanent a temporary tax regime that allows for full capital expensing of certain plant and machinery purchases, more than 200 companies and business groups told the British government ahead of next week’s budget announcement.
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