by usoftax_admin | Apr 2, 2024 | Tax News
Hunter Biden lost his bid to end his criminal tax case over claims his prosecution is vindictive and politically motivated, among other arguments, after a California federal judge ruled Monday that Biden “filed his motion without any evidence” and merely... by usoftax_admin | Apr 2, 2024 | Tax News
The U.S. Tax Court correctly ruled that the former owner of failing Fuddruckers franchises cannot deduct $1.8 million in carryover net operating losses because she did not show enough evidence she was entitled to the deductions, the Eleventh Circuit affirmed... by usoftax_admin | Apr 2, 2024 | Tax News
The Internal Revenue Service and the U.S. Treasury Department won’t face challenges from three states and a village in New York to final regulations barring workarounds to the cap on state and local tax deductions due to a New York federal judge’s... by usoftax_admin | Apr 2, 2024 | Tax News
A Manhattan federal judge allowed a Swiss finance pro to avoid prison Tuesday for facilitating a tax evasion scheme that helped wealthy Americans hide $60 million from the IRS, saying the defendant is less culpable than alleged co-conspirators. by usoftax_admin | Apr 2, 2024 | Tax News
Federal prosecutors have asked a North Carolina district court to permit tangential evidence in a tax fraud trial, saying that the evidence is “inextricably intertwined with the charged conduct” of two St. Louis attorneys and a North Carolina insurance... by usoftax_admin | Apr 2, 2024 | Tax News
A New Jersey fireproofing and painting business owner has been charged with 12 counts of failure to file tax returns and six counts of tax evasion, New Jersey federal prosecutors said.