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Metal Biz Owner Cops To Tax Fraud On $2.8M Income

by usoftax_admin | May 1, 2024 | Tax News

The owner of a metal fabrication company admitted to neglecting to report nearly $3 million in business income to the IRS, Connecticut federal prosecutors announced.

Billionaire Energy Co. Founder Sues Booz Allen Over IRS Leak

by usoftax_admin | May 1, 2024 | Tax News

Energy Transfer co-founder Kelcy Warren accused government contractor Booz Allen Hamilton of failing to supervise an employee who stole Warren’s private tax information and that of thousands of other wealthy people while on assignment at the IRS, according to a...

Overtime Theft Scheme Earns Ex-Mass. Trooper 3 Years

by usoftax_admin | May 1, 2024 | Tax News

The former second-in-command of a Massachusetts state police traffic safety unit was sentenced to three years in prison for his role in a widespread conspiracy to steal federally funded overtime through no-work shifts.

Tax Credit Transfer Regs Show IRS Caution In Rulemaking

by usoftax_admin | May 1, 2024 | Tax News

The IRS and Treasury’s final rules on the sale and transfer of green energy credits maintained a strict reading of the statute while making few changes, a sign of caution by regulators amid judicial scrutiny of the government’s rulemaking authority.

Celeb Charity Says Law Firm Partner Went Rogue, Leaked Info

by usoftax_admin | May 1, 2024 | Tax News

The nonprofit responsible for handling more than $8 million donated to NFL safety Damar Hamlin following his on-field cardiac arrest has lodged a suit in Illinois federal court against its former counsel, claiming a lawyer leaked private documents to the press as...

Talent Tracker quarterly report: US dominates global tax hires

by usoftax_admin | May 1, 2024 | Tax News

The US is capitalising on a fertile deals market to take centre stage in tax talent recruitment, according to insights from ITR+’s Talent Tracker
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