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Ukrainian Duo Get 15 Years In $25M Tax Fraud Case

by usoftax_admin | Jan 28, 2025 | Tax News

A Florida federal judge sentenced two Ukrainian men to 15 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.

Ore. Home’s Value Can’t Be Retroactively Upped, Court Says

by usoftax_admin | Jan 28, 2025 | Tax News

An Oregon county cannot retroactively increase a home’s assessed value just because an error was made when inputting the size of an addition, the state Tax Court ruled.

Miami Tax Biz’s False Filings Case On Hold After Settlement

by usoftax_admin | Jan 28, 2025 | Tax News

The U.S. Department of Justice and the owner of a Miami-based tax preparation business reached a settlement in a suit accusing her of filing fraudulent returns on behalf of clients, a Florida federal judge said Tuesday, administratively closing the case.

‘We can be top 10’: Baker Tilly on PE investment

by usoftax_admin | Jan 28, 2025 | Tax News

Inflexion’s proposed minority stake in Baker Tilly Netherlands could propel the firm in the Dutch market, CEO Ronald Hoeksel tells ITR

Feds’ Madigan Informant Is A ‘Malignant Tumor,’ Jury Told

by usoftax_admin | Jan 27, 2025 | Tax News

An attorney for ex-Illinois House Speaker Michael Madigan took aim Monday at the former Chicago alderman called as the government’s star witness in Madigan’s criminal racketeering trial, calling him “a malignant tumor at the heart of this case”...

Late Filings Didn’t Stymie Tax Challenges, Conn. Justices Say

by usoftax_admin | Jan 27, 2025 | Tax News

Failing to file timely appraisals on commercial properties valued over $1 million was not fatal to several owners’ tax assessment challenges under a new state law, the Connecticut Supreme Court ruled Monday, agreeing that a trial judge properly reopened the...
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