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Loeb & Loeb Adds 2 Corporate Partners From Morrison Cohen

by usoftax_admin | Apr 17, 2024 | Tax News

Loeb & Loeb LLP has announced the latest in a string of corporate hires from Morrison Cohen LLP’s ranks, touting two new partners with domestic and international experience with strategic transactions.

4th Circ. Affirms No Shield From IRS For Home In Bankruptcy

by usoftax_admin | Apr 17, 2024 | Tax News

A North Carolina man who filed for bankruptcy protection and owes federal tax debt cannot shield the house he owns with his wife from the Internal Revenue Service, which is pursuing the asset as a creditor in the proceedings, the Fourth Circuit affirmed...

Financial Planner Gets Prison For Tax Shelter Fraud Scheme

by usoftax_admin | Apr 17, 2024 | Tax News

A Cleveland financial planner who colluded with a Florida attorney to promote an illegal tax scheme using fake charitable donations to score deductions for his company’s high-income clients was sentenced Tuesday to 20 months in prison for his part in the...

IRS Finds Success Against ‘Ghost Employers,’ TIGTA Says

by usoftax_admin | Apr 17, 2024 | Tax News

The Internal Revenue Service has successfully prosecuted 33 cases against employers who issue W-2 forms to workers but fail to remit payroll taxes, the Treasury Inspector General for Tax Administration said Wednesday.

Nothing ‘Sinister’ About Attys, Broker’s Tax Plan, NC Jury Told

by usoftax_admin | Apr 16, 2024 | Tax News

Two St. Louis attorneys and a North Carolina insurance agent on Tuesday tried to poke holes in an undercover IRS agent’s investigation of what the government has characterized as a criminal tax avoidance scheme, which defense counsel sought to paint for the jury...

Biden Pushes For Permanent Premium Tax Credit Expansion

by usoftax_admin | Apr 16, 2024 | Tax News

President Joe Biden said Tuesday that should he be reelected one of his first actions would be to seek to make permanent the expansions that were made to the health insurance premium tax credit to increase eligibility and lower premiums.
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