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Danish tax authority scores $500m victory in US fraud trial

by usoftax_admin | Feb 11, 2025 | Tax News

Led by international law firm Hughes Hubbard, SKAT was awarded $500 million in damages after several defendants were convicted of fraud, negligence and unjust enrichment

Partaking In $1.3B Easement Fraud Lands CPA 2 Years

by usoftax_admin | Feb 11, 2025 | Tax News

A Florida accountant who illegally sold tax deductions to his clients in the form of conservation easements and conspired with others convicted in a $1.3 billion fraud scheme was sentenced to two years in prison by a New Jersey federal judge.

Judge Should Not Have Been Reprimanded For Alito Essay

by usoftax_admin | Feb 11, 2025 | Tax News

Senior U.S. District Judge Michael Ponsor’s New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley...

DOGE Access To Treasury Payment System Blocked By Judge

by usoftax_admin | Feb 10, 2025 | Tax News

A Manhattan federal judge blocked the access of Elon Musk and staffers of his temporary Department of Government Efficiency to U.S. Department of the Treasury payment systems Saturday and ordered them to destroy data already obtained, after state attorneys general...

Pension Execs Found Liable In $2B Danish Tax Fraud Case

by usoftax_admin | Feb 10, 2025 | Tax News

A New York federal jury found Monday by “clear and convincing evidence” that Denmark’s tax agency reasonably relied on the false statements made on pension plan applications that were part of a $2.1 billion tax fraud scheme by pension plan...

5th Circ. Told To Reject Crypto Exec’s Privacy Law Claim

by usoftax_admin | Feb 10, 2025 | Tax News

The IRS complied with a financial privacy law to summon third-party bank records belonging to a cryptocurrency executive under investigation, the U.S. government told the Fifth Circuit on Monday in the businessman’s appeal to overturn a lower court decision that...
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Ireland D02 P2N6

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