by usoftax_admin | Oct 29, 2024 | Tax News
An Ohio federal judge will not allow a former Cleveland city councilman to get out of jail on compassionate release, ruling the ex-politician “has never demonstrated any remorse for his criminal conduct” and should serve the remainder of his six-year fraud... by usoftax_admin | Oct 29, 2024 | Tax News
A California partnership must decrease its outside basis in a lower-tier partnership by $4.8 million in excess losses determined by the IRS, the U.S. Tax Court ruled Tuesday, saying the agency’s concession on the partnership’s related deduction... by usoftax_admin | Oct 29, 2024 | Tax News
The Internal Revenue Service selected a former agency lawyer who has most recently worked as a principal at EY to serve as associate chief counsel for its new pass-through office that will focus entirely on partnerships, S corporations, trusts and estates, the agency... by usoftax_admin | Oct 29, 2024 | Tax News
A truss building company pled guilty to conspiring to hide its employment of dozens of unauthorized workers from the U.S. Department of Homeland Security with a former employee, who admitted to filing false tax returns as part of the scheme, according to Florida... by usoftax_admin | Oct 29, 2024 | Tax News
Rimon PC has added an expert in international tax and trusts and estates who joined the firm’s Philadelphia office after working for his own practice. by usoftax_admin | Oct 29, 2024 | Tax News
A Fourth Circuit panel appeared confused and noncommittal Tuesday as it wrestled with a narrow question of contract interpretation that could determine whether Gary LeClair of defunct LeClairRyan PLLC is on the hook for massive tax bills tied to the firm’s...